NOT LISTED FOR SALE

520 W Lemon Ave Monrovia, CA 91016

Estimated Value: $855,000 - $1,019,000

2 Beds
2 Baths
1,112 Sq Ft
$832/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $550,000 $495 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,643/month

65 Days on Market

Highlights

  • Lawn
  • No HOA
  • 4-minute walk to Lucinda Garcia Park
  • Monrovia High School Rated A
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2017

Looking for a great investment? This adorable duplex, situated in a quiet, desirable neighborhood, is located just a few short blocks from all the popular Old Town Monrovia shops, restaurants in the dining district, movie theaters, and more! But this doesn't have to be just a great investment. This could be a perfect opportunity to live in one unit and make a nice income from the other! Like most duplexes, these two charming one-bedroom dwellings share a common wall. Both units have window air-conditioning units, Berber carpet, newer stoves, separate water heaters, individual utility meters, new copper mainline plumbing, and enjoy a private grassy backyard. At the rear of the building is a laundry room with washer and dryer and a two-car detached garage, with separate garage spaces and doors. The owner currently pays for water, trash and gardening. This fantastic property is located in close proximity to schools, parks, and the library, adding more value to this already easy to rent location! Please drive by only at this time, and please do not walk on property. Offers are subject to inspection. Please call listing agent with any questions.

Last Agent to Sell the Property

Rob Magnotta

First Team Real Estate License #01804676 Listed on: 05/19/2017

First Team Real Estate

Last Buyer's Agent

Mary Baldry

VASTREE REAL ESTATE License #01927691

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,576

Year Built

  • Built in 1941

Lot Details

  • 5,980 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • 1,112 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer on Bond

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 9
  • Assessor Parcel Number 8505017002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $455
  • Trash Expense $290
  • Water Sewer Expense $635
  • Operating Expense $2,100
  • Gross Income $2,400
  • Net Operating Income $26,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,576

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 635.00
  • Zoning: MORM*
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8505017002
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 494.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Sewer On Bond
  • Trash Expense: 290.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 5980.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 455.00
  • Net Operating Income: 26700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2100.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Total Expenses: 2100.00

Tax Info

  • Tax Census Tract: 4310.01
  • Tax Lot: 2
  • Tax Tract Number: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2020
Sold by
Baldry Nicholas John and Baldry Mary
Bought by
Baldry Nicholas John and Baldry Mary
Current Estimated Value
$924,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$346,884
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$590,387

Purchase Details

Closed on
Jul 24, 2019
Sold by
Baldry Nicholas John and Baldry Mary
Bought by
Baldry Nicholas John and Baldry Mary

Purchase Details

Listed on
May 19, 2017
Closed on
Jul 14, 2017
Sold by
Agnew Jennifer Elizabeth
Bought by
Agnew Jonathan D
Seller's Agent
Rob Magnotta
First Team Real Estate
Buyer's Agent
Mary Baldry
VASTREE REAL ESTATE
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$330,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2017
Closed on
Jul 7, 2017
Sold by
Pan Ming Fang
Bought by
Pan Miao Fang
Seller's Agent
Rob Magnotta
First Team Real Estate
Buyer's Agent
Mary Baldry
VASTREE REAL ESTATE
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2017
Closed on
Jul 5, 2017
Sold by
Agnew Jonathan D
Bought by
Baldry Nicholas John and Baldry Mary
Seller's Agent
Rob Magnotta
First Team Real Estate
Buyer's Agent
Mary Baldry
VASTREE REAL ESTATE
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2004
Sold by
Caldwell Gordon W and Caldwell Mary Lou
Bought by
Agnew Jonathan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,700
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2003
Sold by
Caldwell Gordon Wayne and Caldwell Mary Louise
Bought by
Caldwell Gordon W
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
Baldry Nicholas John -- First Amer Ttl Co Res Div
Baldry Nicholas John -- None Available
Baldry Nicholas John -- None Available
Agnew Jonathan D -- Wfg National Title Ins Co
Pan Miao Fang -- Wfg Title Co Of California
Baldry Nicholas John $550,000 Wyg National Title Ins Co
Agnew Jonathan D $401,000 Lawyers Title
Caldwell Gordon W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldry Nicholas John $390,000
Previous Owner Baldry Nicholas John $330,000
Previous Owner Agnew Jonathan D $100,000
Previous Owner Agnew Jonathan D $318,600
Previous Owner Agnew Jonathan D $280,700
Closed Agnew Jonathan D $40,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2017 08/04/17 Sold $550,000 0.0% $495 / Sq Ft
08/04/2017 08/04/17 For Sale $550,000 0.0% $495 / Sq Ft
07/24/2017 07/24/17 Price Changed $550,000 -7.6% $495 / Sq Ft
07/23/2017 07/23/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $595,000 -- $535 / 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 $8,576 $625,802 $250,321 $375,481
2024 $8,576 $613,532 $245,413 $368,119
2023 $8,382 $601,502 $240,601 $360,901
2022 $8,141 $589,709 $235,884 $353,825
2021 $7,985 $578,147 $231,259 $346,888
2019 $7,610 $561,000 $224,400 $336,600
2018 $7,425 $550,000 $220,000 $330,000
2016 $6,476 $481,609 $251,013 $230,596
2015 $6,335 $474,376 $247,243 $227,133
2014 $6,275 $465,084 $242,400 $222,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17111508

California Regional Multiple Listing Service (CRMLS)

APN: 8505-017-002