NOT LISTED FOR SALE

501 E Walnut Ave Monrovia, CA 91016

Estimated Value: $983,000 - $1,128,000

5 Beds
3 Baths
2 Sq Ft
$520,637/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $950,000 $475,000 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,811/month

12 Days on Market

Highlights

  • Park
  • Laundry Room
  • 4-minute walk to Julian Fisher Park
  • Clifton Middle School Rated A-
  • Foothills

About This Home

As of December 2020

Rare sought after completely remodeled 2 detached homes located in the heart of Monrovia. They are situated on an approx. 7,000 sq.ft. lot and each has its own yard and separate entry . The front house has 3 bedrooms, 2 baths, a spacious living room with excellent natural light and cute kitchen. The second home has 2 bedrooms and 1 bath and has a separate gated entry to the alley. The upgrades in each home include: new windows & flooring, new kitchens with quartz counters & bathrooms, new stainless appliances including refrigerator. The houses are on separate gas and electric meters and pay their own utilities, thus low maintenance. Property is conveniently located close to grocery stores, restaurants, Old Town Monrovia, Metro and a short drive to the 210 and 605 freeways.

Last Agent to Sell the Property

Stephen Biskup

Sotheby's International Realty License #01854478 Listed on: 11/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,936

Year Built

  • Built in 1921

Lot Details

  • 6,563 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 16 / 17
  • Tax Tract Number 6
  • Assessor Parcel Number 8517015016

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Foothills

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $900
  • New Taxes Expense $11,285
  • Operating Expense $12,385
  • Gross Income $54,000
  • Net Operating Income $41,515

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,936

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: MORM*
  • Property Type: Residential Income
  • Parcel Number: 8517015016
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills, Park, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6563.00
  • Lot Size Acres: 0.1507

Multi Family

  • Gross Income: 54000.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6563.0000 Square Feet
  • Net Operating Income: 41515.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Refrigerator: 2
  • Operating Expense: 12485.00
  • Rent Control: No
  • Total Expenses: 12385.00

Tax Info

  • New Taxes Expense: 11285.00
  • Tax Block: 17
  • Tax Census Tract: 4311.00
  • Tax Lot: 16
  • Tax Tract Number: 6-209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Nov 19, 2020
Sold by
Bowden Diane M
Bought by
Trinh Oliver
Seller's Agent
Stephen Biskup
Sotheby's International Realty
List Price
$925,000
Sold Price
$950,000
Premium/Discount to List
$25,000
2.7%
Current Estimated Value
$1,083,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,375
Avg. Annual Appreciation
2.01%
Original Mortgage
$422,500
Outstanding Balance
$377,016
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$664,258

Purchase Details

Listed on
Jun 12, 2020
Closed on
Jun 16, 2020
Sold by
Hughes Kimberly R
Bought by
Bowden Development Inc
Seller's Agent
Stephen Biskup
Sotheby's International Realty
Buyer's Agent
Stephen Biskup
Sotheby's International Realty
List Price
$775,000
Sold Price
$675,000
Premium/Discount to List
-$100,000
-12.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.80%

Purchase Details

Closed on
Feb 4, 2011
Sold by
White Helen Ruth
Bought by
Hughes Kimberly R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Trinh Oliver $950,000 Chicago Title Company
Bowden Development Inc $675,000 Chicago Title Company
Hughes Kimberly R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trinh Oliver $422,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $950,000 +2.7% $475,000 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $925,000 +37.0% $462,500 / Sq Ft
07/09/2020 07/09/20 Sold $675,000 -12.9% $466 / Sq Ft
06/14/2020 06/14/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $775,000 -- $534 / 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 $9,936 $1,028,308 $649,458 $378,850
2024 $9,936 $716,315 $451,013 $265,302
2023 $9,710 $702,270 $442,170 $260,100
2022 $9,431 $688,500 $433,500 $255,000
2021 $9,248 $675,000 $425,000 $250,000
2020 $1,112 $39,167 $9,607 $29,560
2019 $1,099 $38,400 $9,419 $28,981
2018 $1,007 $37,648 $9,235 $28,413
2016 $959 $36,187 $8,877 $27,310
2015 $943 $35,644 $8,744 $26,900
2014 $947 $34,947 $8,573 $26,374
Source: Public Records

Agents Affiliated with this Home

  • Stephen Biskup

    Seller's Agent in 2020

    Stephen Biskup

    Sotheby's International Realty

    (626) 428-6010

    3 in this area

    16 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF20226896

California Regional Multiple Listing Service (CRMLS)

APN: 8517-015-016

California Los Angeles County Monrovia 91016

501 E Walnut Ave, Monrovia, CA

This home is located at 501 E Walnut Ave, Monrovia, CA 91016 since 02 November 2020 and is currently estimated at $1,041,274, approximately $520,637 per square foot. This property was built in 1921. 501 E Walnut Ave is a home located in Los Angeles County with nearby schools including Wild Rose Elementary School, Clifton Middle School, and Monrovia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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