Seller's Agent in 2020
Stephen Biskup
Sotheby's International Realty
(626) 428-6010
3 in this area
18 Total Sales
501 E Walnut Ave Monrovia, CA 91016
6
Beds
2
Baths
1,450
Sq Ft
6,563
Sq Ft Lot
Highlights
- Park
- Laundry Room
- 4-minute walk to Julian Fisher Park
- Clifton Middle School Rated A-
About This Home
As of December 2020A duplex located in the heart of Monrovia has 2 detached homes situated on a large approx. 7,000 sq.ft. lot. The property needs work but it has strong bones! The front house has 3 bedrooms plus an office, 1 bath, a spacious living room and kitchen. The second home has 2 bedrooms and 1 bath. The 2 car open parking at the back of the property has an entry to the alley. The houses are on separate gas and electric meters. Each house pays their own utilities, thus low maintenance. Owner lives in the back house and will vacate the property at close of escrow so you can maximize the rent. Property is conveniently located close to grocery stores, restaurants, Old Town Monrovia, Metro and a short drive to the 210 and 605 freeways. This duplex is primed for any savvy investor to fix the two houses and maximize the rental income. Buyers need to do their due diligence.
Last Agent to Sell the Property
Sotheby's International Realty License #01854478 Listed on: 06/12/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,936
Year Built
- Built in 1921
Lot Details
- 6,563 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 1,450 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Washer Hookup
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 16 / 17
- Assessor Parcel Number 8517015016
Community Details
Overview
- 2 Buildings
- 2 Units
Recreation
- Park
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Operating Expense $1,099
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,558
Avg. Annual Appreciation
2.55%
Original Mortgage
$422,500
Outstanding Balance
$375,284
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$695,274
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $950,000 | Chicago Title | |
| Grant Deed | $675,000 | Chicago Title Company | |
| Grant Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $422,500 | New Conventional |
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
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
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF20113638
APN: 8517-015-016
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.
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
Nearby Homes
- 617 E Walnut Ave
- 422 Almond Ave
- 604 E Lemon Ave
- 307 E Olive Ave
- 518 E Lime Ave
- 327 E Lemon Ave
- 1020 S Mountain Ave Unit 15
- 237 Los Angeles Ave
- 1406 S California Ave Unit C
- 1408 S California Ave Unit C
- 126 E Cypress Ave
- 938 Huntington Dr Unit F
- 1030 Royal Oaks Dr Unit B
- 1035 E Huntington Dr Unit 28
- 1245 Oliva Ct
- 116 N Canyon Blvd
- 135 N Shamrock Ave
- 835 E Foothill Blvd
- 114 1/2 Los Angeles Ave
- 711 Ocean View Ave