Seller's Agent in 2022
Wendy Wong
Engel & Völkers Pasadena
(818) 818-8998
3 in this area
41 Total Sales
514 El Mercado Ave Monterey Park, CA 91754
Estimated Value: $886,509 - $1,056,000
4
Beds
2
Baths
1,352
Sq Ft
$714/Sq Ft
Est. Value
Highlights
- Gated Parking
- No HOA
- Laundry Room
- Brightwood Elementary School Rated A
- Cooling System Mounted To A Wall/Window
- 4-minute walk to Cascades Park
About This Home
As of October 2022A traditional single-family home located in Monterey Park. Living and dining rooms with lots of natural light create a bright and airy feel. Huge backyard with a lots of fruit tree, 2 car attached Garage. Conveniently located close to school, shopping.
Last Agent to Sell the Property
Engel & Völkers Pasadena License #01877030 Listed on: 06/16/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,136
Year Built
- Built in 1941
Lot Details
- 5,764 Sq Ft Lot
- Back Yard
- Property is zoned MPR1*
Parking
- 2 Car Garage
- Detached Carport Space
- Parking Available
- Driveway
- Gated Parking
Interior Spaces
- 1,352 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Outdoor Features
- Rain Gutters
Schools
- Brightwood Elementary School
- Mark Keppel High School
Utilities
- Cooling System Mounted To A Wall/Window
- Private Water Source
- Sewer Paid
Community Details
- No Home Owners Association
- Valley
Listing and Financial Details
- Tax Lot 142
- Tax Tract Number 7287
- Assessor Parcel Number 5262004027
- $432 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2022
Closed on
Sep 8, 2022
Sold by
Ivy Chan Family Trust
Bought by
Gala Property Investments Llc
Seller's Agent
Wendy Wong
Engel & Völkers Pasadena
Buyer's Agent
HOI LAI
RE/MAX CHAMPIONS
List Price
$888,000
Sold Price
$828,000
Premium/Discount to List
-$60,000
-6.76%
Views
19
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
$137,377
Avg. Annual Appreciation
5.14%
Original Mortgage
$390,000
Outstanding Balance
$373,477
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$591,900
Purchase Details
Closed on
Jul 18, 2009
Sold by
Chan Ivy
Bought by
Chan Ivy and Ivy Chan Family Trust
Purchase Details
Closed on
Feb 9, 2000
Sold by
Huang Chi K
Bought by
Chan Ivy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.16%
Purchase Details
Closed on
Apr 17, 1995
Sold by
Szu Isabel Hua
Bought by
Chiang Chi K and Huang Julie T S
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gala Property Investments Llc | $828,000 | Orange Coast Title | |
| Chan Ivy | -- | None Available | |
| Chan Ivy | $215,000 | Fidelity National Title | |
| Chiang Chi K | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gala Property Investments Llc | $390,000 | |
| Previous Owner | Chan Ivy | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/05/2022 10/05/22 | Sold | $828,000 | -3.7% | $612 / Sq Ft |
| 09/09/2022 09/09/22 | Pending | -- | -- | -- |
| 08/29/2022 08/29/22 | Price Changed | $860,000 | -3.2% | $636 / Sq Ft |
| 06/16/2022 06/16/22 | For Sale | $888,000 | -- | $657 / 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 | $11,136 | $861,450 | $689,160 | $172,290 |
| 2024 | $11,136 | $844,560 | $675,648 | $168,912 |
| 2023 | $10,910 | $828,000 | $662,400 | $165,600 |
| 2022 | $4,175 | $311,369 | $187,258 | $124,111 |
| 2021 | $4,120 | $305,265 | $183,587 | $121,678 |
| 2019 | $3,976 | $296,213 | $178,143 | $118,070 |
| 2018 | $3,918 | $290,405 | $174,650 | $115,755 |
| 2016 | $3,628 | $279,130 | $167,869 | $111,261 |
| 2015 | $3,571 | $274,938 | $165,348 | $109,590 |
| 2014 | $3,525 | $269,554 | $162,110 | $107,444 |
Source: Public Records
Agents Affiliated with this Home
-
Wendy Wong
-
HOI LAI
H
Buyer's Agent in 2022
HOI LAI
RE/MAX
(626) 288-8538
2 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF22130280
APN: 5262-004-027
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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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