NOT LISTED FOR SALE

512 E Lime Ave Monrovia, CA 91016

Estimated Value: $1,494,000 - $1,746,266

6 Beds
6 Baths
3,178 Sq Ft
$513/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $1,300,000 $409 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,176/month

28 Days on Market

Highlights

  • Senior Community
  • No HOA
  • Laundry Room
  • Granite Countertops
  • Hiking Trails
  • 2-minute walk to Rotary Park

About This Home

As of July 2021

Be the envy of the town with the best curb appeal in the neighborhood! In the heart of Monrovia, and just a 10 minute walk from historic downtown old town Monrovia; this 2 story newly renovated home features a 3 bedroom and 3 bath layout that includes a bonus room perfect for an office space or nursery. The master bedroom features a walk in closet and private bathroom with its own private balcony featuring gorgeous mountain views. The main living room area has a vaulted ceiling with access to the side yard. Kitchen comes with a bar space and massive pantry. The Home is fully equipped with a Ring security system and camera. Enclosed 2 car garage in the back has mobile access and includes a washer and dryer. The garage is also equipped with a Tesla charger or EV vehicle plug already installed. Massive front yard and side yard that has access through the garage or living room. Pets are allowed and welcome with no additional fee! This really is the perfect home for a growing family!

Last Agent to Sell the Property

Micah Adams

CENTURY 21 ADAMS & BARNES License #01427306 Listed on: 05/20/2021

CENTURY 21 ADAMS & BARNES

Last Buyer's Agent

Christian Arbid

Power Brokers License #01268376

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,247

Year Built

  • Built in 1989

Lot Details

  • 7,997 Sq Ft Lot
  • Lot Dimensions are 50x160'
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage
  • Attached Carport
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Copper Plumbing

Interior Spaces

  • 3,178 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 5 / G
  • Tax Tract Number 4310
  • Assessor Parcel Number 8517007005

Community Details

Overview

  • Senior Community
  • No Home Owners Association
  • 2 Units
  • Foothills

Recreation

  • Hiking Trails

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,680
  • Trash Expense $960
  • Water Sewer Expense $2,040
  • New Taxes Expense $17,438
  • Operating Expense $21,638
  • Gross Income $59,820
  • Net Operating Income $55,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,247

Year Built

Built in 1989

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 2040.00
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 8517007005
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full, Granite Counters
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One, Two
  • Price Per Square Foot: 409.06
  • Room Type: All Bedrooms Up, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes
  • Community Features: Curbs, Foothills, Hiking, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999
  • Lot Size: 50x160'
  • Lot Size Sq Ft: 7997.00
  • Lot Size Acres: 0.1836

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average3 Bed Area: 1589 Square Feet
  • Gross Income: 59820.00
  • Gross Scheduled Income: 59820.00
  • Lot Size Area: 7997.0000 Square Feet
  • Net Operating Income: 55140.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4680.00
  • Rent Control: Yes
  • Total Expenses: 21638.00

Tax Info

  • New Taxes Expense: 17438.00
  • Tax Block: G
  • Tax Census Tract: 4310.01
  • Tax Lot: 5
  • Tax Tract Number: 4310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Jun 18, 2021
Sold by
Huber Richard R and Huber Lisa D
Bought by
Abdelmalak David
Seller's Agent
Micah Adams
CENTURY 21 ADAMS & BARNES
Buyer's Agent
Christian Arbid
Power Brokers
List Price
$1,395,000
Sold Price
$1,300,000
Premium/Discount to List
-$95,000
-6.81%
Total Days on Market
28
Current Estimated Value
$1,630,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,817
Avg. Annual Appreciation
5.71%
Original Mortgage
$1,040,000
Outstanding Balance
$961,853
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$654,459

Purchase Details

Closed on
Jul 27, 2001
Sold by
Reed Jay Bradley and Reed Marlene Ann
Bought by
Huber Richard R and Huber Lisa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.19%

Purchase Details

Closed on
Sep 23, 1999
Sold by
Fortanasce Michael G and Fortanasce Md Vincent
Bought by
Reed Jay Bradley and Reed Marlene Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
8.26%

Purchase Details

Closed on
Sep 24, 1998
Sold by
Fortanasce Arlene
Bought by
Fortanasce Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 1998
Sold by
Fortanasce Michael G and Fortanasce Vincent
Bought by
Fortanasce Michael G and Fortanasce Md Vincent

Purchase Details

Closed on
Mar 5, 1993
Sold by
Drake Michael
Bought by
Fortanasce Vincent
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
Abdelmalak David $1,300,000 Chicago Title Company
Huber Richard R $355,000 Old Republic Title Company
Reed Jay Bradley -- --
Fortanasce Vincent -- Southland Title
Fortanasce Michael G -- Southland Title
Fortanasce Vincent $23,000 --
Drake Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdelmalak David $1,040,000
Previous Owner Haber Richard R $534,300
Previous Owner Huber Richard R $543,000
Previous Owner Huber Richard R $423,000
Previous Owner Huber Richard R $420,000
Previous Owner Huber Richard R $315,500
Previous Owner Huber Richard R $284,000
Previous Owner Reed Jay Bradley $25,000
Previous Owner Reed Jay Bradley $59,000
Previous Owner Fortanasce Vincent $256,000
Closed Huber Richard R $35,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 For Rent $3,400 0.0% --
07/15/2021 07/15/21 Sold $1,300,000 +0.4% $409 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/03/2021 06/03/21 Price Changed $1,295,000 -7.2% $407 / Sq Ft
05/20/2021 05/20/21 For Sale $1,395,000 -- $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
2024 $18,247 $1,352,520 $728,280 $624,240
2023 $17,828 $1,326,000 $714,000 $612,000
2022 $17,307 $1,300,000 $700,000 $600,000
2021 $6,893 $484,486 $204,711 $279,775
2020 $6,692 $479,519 $202,612 $276,907
2019 $6,577 $470,118 $198,640 $271,478
2018 $6,362 $460,901 $194,746 $266,155
2017 $6,243 $451,865 $190,928 $260,937
2016 $6,095 $443,006 $187,185 $255,821
2015 $5,965 $436,353 $184,374 $251,979
2014 $5,911 $427,807 $180,763 $247,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21106708

California Regional Multiple Listing Service (CRMLS)

APN: 8517-007-005