NOT LISTED FOR SALE

447 W Lime Ave Monrovia, CA 91016

Estimated Value: $1,125,000 - $1,290,000

3 Beds
2 Baths
4,533 Sq Ft
$271/Sq Ft Est. Value

Last Sold October 28, 2019

Last sale price $2,020,000 $446 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $7,528/month

70 Days on Market

Highlights

  • 0.57 Acre Lot
  • Corner Lot
  • Laundry Room
  • Monrovia High School Rated A
  • No HOA
  • Bungalow

About This Home

As of October 2019

BACK ON MARKET! Due to buyer's inability to perform, this property is available, subject to cancellation of existing escrow. 7 Units offered in a most desirable location at the corner of Lime and Mayflower, just south of Foothill. There are actually 3 separate parcels, but are being sold together as one 7 unit property. Cute, vintage units surrounding a very large open, grassy interior area in the middle. (Lot size is almost 25,000 sq. ft) 3 of the units are currently rented on a month-to-month contract, leaving 4 units which should be very easy to rent at current market rates. Current rents are low. Each unit has individual laundry hook-ups. Located a few short blocks to downtown Monrovia, shopping and transportation. This is a Trust Sale and is being sold in it's present, as-is-condition..

Last Agent to Sell the Property

Marilyn Johnson

JohnHart Corp. License #00916223 Listed on: 07/29/2019

Last Buyer's Agent

Ann Marie Villicana

Dilbeck Real Estate License #00974188

Dilbeck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,165

Year Built

  • Built in 1923

Lot Details

  • 0.57 Acre Lot
  • No Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre
  • 8505008026,8505008025

Parking

  • 6 Car Garage

Home Design

  • Bungalow

Interior Spaces

  • 4,533 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 8505008027

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 7 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,800
  • Insurance Expense $6,000
  • Trash Expense $1,440
  • Water Sewer Expense $4,800
  • New Taxes Expense $24,000
  • Operating Expense $29,000
  • Net Operating Income $86,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,165

Year Built

Built in 1923

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 284000
  • Property Attached: No
  • Water Sewer Expenses: 4800.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 8505008027
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 445.62
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Conventional Septic
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8505008026,8505008025
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 24894.00
  • Lot Size Acres: 0.5715

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 610 Square Feet
  • Average2 Bed Area: 864 Square Feet
  • Gross Scheduled Income: 115200.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 24894.0000 Square Feet
  • Net Operating Income: 86200.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 7
  • Operating Expense: 2900.00
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Total Expenses: 29000.00

Tax Info

  • New Taxes Expense: 24000.00
  • Tax Lot: 00
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2021
Sold by
Williams Dennis E and Williams Virginia J
Bought by
Williams Mark
Current Estimated Value
$1,227,333

Purchase Details

Listed on
Jul 29, 2019
Closed on
Oct 24, 2019
Sold by
Jaworski Karen A and Revocable Trust Of Fredric Dav
Bought by
Williams Dennis E and Williams Virginia J
Seller's Agent
Marilyn Johnson
JohnHart Corp.
Buyer's Agent
Ann Marie Villicana
Dilbeck Real Estate
List Price
$1,988,000
Sold Price
$2,020,000
Premium/Discount to List
$32,000
1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.30%

Purchase Details

Listed on
Jul 29, 2019
Closed on
Oct 22, 2019
Sold by
Williams Tiffany C
Bought by
Williams Mark
Seller's Agent
Marilyn Johnson
JohnHart Corp.
Buyer's Agent
Ann Marie Villicana
Dilbeck Real Estate
List Price
$1,988,000
Sold Price
$2,020,000
Premium/Discount to List
$32,000
1.61%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Williams Mark -- None Available
Williams Dennis E $2,020,000 Chicago Title Company
Williams Mark -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Propert Mark Williams Separate $512,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2019 10/28/19 Sold $2,020,000 +1.6% $446 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $1,988,000 -1.6% $439 / Sq Ft
08/11/2019 08/11/19 Off Market $2,020,000 -- --
07/29/2019 07/29/19 For Sale $1,988,000 -- $439 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,165 $883,661 $353,245 $530,416
2024 $12,165 $866,335 $346,319 $520,016
2023 $11,891 $849,349 $339,529 $509,820
2022 $11,550 $832,696 $332,872 $499,824
2021 $11,322 $816,370 $326,346 $490,024
2020 $10,984 $808,000 $323,000 $485,000
2019 $6,266 $426,213 $244,115 $182,098
2018 $6,145 $417,857 $239,329 $178,528
2016 $5,904 $401,634 $230,037 $171,597
2015 $5,781 $395,602 $226,582 $169,020
2014 $5,739 $387,854 $222,144 $165,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19180003

California Regional Multiple Listing Service (CRMLS)

APN: 8505-008-027