NOT LISTED FOR SALE

506 N Nicholson Ave Unit B Monterey Park, CA 91755

Estimated Value: $724,402 - $785,000

4 Beds
2 Baths
1,514 Sq Ft
$260/mo HOA Fee

Last Sold August 30, 2024

Last sale price $725,000 $479 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,834/month

20 Days on Market

Highlights

  • City Lights View
  • 0.78 Acre Lot
  • Patio
  • Ynez Elementary School Rated A-
  • 2 Car Attached Garage
  • Laundry Room

About This Home

As of August 2024

The north -facing, tri-level gracious townhouse is located in the heart of Monterey Park. The home features 4 spacious bedrooms and 2 bathrooms, both with abundant natural light. The front yard welcomes you into the open kitchen and dining area, completed with granite countertops, a matching backsplash, recessed lighting, and tile flooring. Fresh paint and laminated flooring are throughout the house. The living room has been converted into a fifth bedroom, providing additional living space. Attached 2 car garage downstairs. Conveniently located near award-winning Mark Keppel High School, supermarkets, restaurants, and the 10 freeway, this hoe offers both comfort and accessibility. Don't miss your chance to own this home.

Last Agent to Sell the Property

YANHUA LIU

RE/MAX ELITE REALTY Brokerage Phone: 626-231-1166 License #02080444 Listed on: 07/04/2024

RE/MAX ELITE REALTY

Last Buyer's Agent

Li Li

Pinnacle Real Estate Group License #02078150

Pinnacle Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,930

Year Built

  • Built in 1979

Lot Details

  • Two or More Common Walls
  • Wood Fence
  • Density is 16-20 Units/Acre

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,514 Sq Ft Home
  • 3-Story Property
  • City Lights Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Schools

  • Mark Keppel High School

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Master Insurance
  • 18 Units
  • Nicholson Park Townhomes HOA, Phone Number (818) 981-1802
  • Lbpm HOA

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 33920
  • Assessor Parcel Number 5255020039
  • $358 per year additional tax assessments

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,930

Year Built

Built in 1979

Lot Details

0

HOA Fees

$260 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: MPR3*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5255020039
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1514.00 Square Feet
  • Stories: 3
  • Entry Location: Front door
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 478.86
  • Room Type: All Bedrooms Up

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Insurance, Trash, Water
  • Association Fee: 260.00
  • Association Fee Frequency: Monthly
  • Association Name: Nicholson Park Townhomes HOA
  • Phone: 818-981-1802
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: LBPM

Schools

  • School District: Alhambra
  • High School: Mark Keppel
  • High School: Mark Keppel
  • High School2: MARKEP

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 34191.00
  • Lot Size Acres: 0.7849
  • Latitude Manual: 34.06760700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 34191.0000 Square Feet
  • Number Of Units In Community: 18
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4817.11
  • Tax Lot: 1
  • Tax Tract Number: 33920
  • TaxOtherAnnualAssessmentAmount: 358.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2024
Sold by
Chen Peili and Chen Pei Li
Bought by
Hou Cai Zhong and Chen Pei Li
Current Estimated Value
$761,851

Purchase Details

Closed on
May 16, 2006
Sold by
Hou Cai Zhong
Bought by
Chen Peili

Purchase Details

Closed on
Oct 14, 2005
Sold by
Ji Yan Jun
Bought by
Chen Peili

Purchase Details

Closed on
Feb 8, 2005
Sold by
Ji Yan Jun and Chen Peili
Bought by
Ji Yan Jun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2004
Sold by
Jann Fred and Jann Christina
Bought by
Ji Yan Jun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
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
Hou Cai Zhong -- Fidelity National Title
Chen Peili -- None Available
Chen Peili -- --
Ji Yan Jun -- Ticor Title Co
Ji Yan Jun $325,000 Security Union Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ji Yan Jun $292,500
Previous Owner Ji Yan Jun $260,000
Closed Ji Yan Jun $32,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $725,000 +0.7% $479 / Sq Ft
07/04/2024 07/04/24 For Sale $720,000 -- $476 / 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 $6,930 $725,000 $512,400 $212,600
2024 $6,930 $526,517 $258,570 $267,947
2023 $6,788 $516,194 $253,500 $262,694
2022 $6,464 $506,074 $248,530 $257,544
2021 $6,384 $496,152 $243,657 $252,495
2019 $6,154 $481,437 $236,431 $245,006
2018 $6,169 $471,998 $231,796 $240,202
2016 $5,698 $453,672 $222,796 $230,876
2015 $5,501 $438,000 $215,000 $223,000
2014 $5,528 $438,000 $215,000 $223,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24137098

California Regional Multiple Listing Service (CRMLS)

APN: 5255-020-039