NOT LISTED FOR SALE

522 W Palm Ave Monrovia, CA 91016

Estimated Value: $1,033,000 - $1,275,000

5 Beds
3 Baths
1,896 Sq Ft
$611/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $837,000 $441 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,178/month

18 Days on Market

Highlights

  • RV Access or Parking
  • All Bedrooms Downstairs
  • Property is near public transit
  • Monrovia High School Rated A
  • View of Hills
  • Attic

About This Home

As of November 2019

Imagine living in a Historical treeline neighborhood and be able to receive income at the same time. This well maintained duplex offers just that.. The back house has 3 bedroom and 2 baths along with it's own private yard and fireplace in the Living Room along with plenty of vegetation for your own Secret Garden... The long driveway lends plenty of space between you and the front house which has an adorable white picket fence enclosing grass and welcoming warm summer nights. It features 2 bedroom 1 bath and it's own separate entrance and back porch for privacy. Whether you want to include this for both rentals or live in one and rent out the other. This is definitely an opportunity that YOU can't pass up.

Last Agent to Sell the Property

Cynthia Arrietta

HomeBased Realty License #01739202 Listed on: 09/26/2019

HomeBased Realty

Last Buyer's Agent

Robert Cofer

CENTURY 21 MASTERS License #01947262

CENTURY 21 MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,329

Year Built

  • Built in 1952

Lot Details

  • 8,354 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Rectangular Lot
  • Lawn
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • 1 Detached Carport Space
  • Converted Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Shared Driveway
  • RV Access or Parking

Property Views

  • Hills
  • Neighborhood

Home Design

  • Duplex
  • Partial Copper Plumbing

Interior Spaces

  • 1,896 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room
  • Storage
  • Attic

Kitchen

  • Self-Cleaning Oven
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • ENERGY STAR Qualified Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 7084
  • Assessor Parcel Number 8505014007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Foothills

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Gardener Expense $720
  • Insurance Expense $600
  • Trash Expense $396
  • Water Sewer Expense $1,134
  • New Taxes Expense $4,896
  • Operating Expense $8,585
  • Gross Income $57,600
  • Net Operating Income $17,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,329

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1134.00
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8505014007
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Storage
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Wood Burning
  • Levels: One
  • Price Per Square Foot: 441.46
  • Room Type: All Bedrooms Down, Attic, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • View: Hills, Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Converted Garage, Covered, Driveway, Concrete, Paved, Garage, Garage Faces Side, Garage - Single Door, RV Access/Parking, RV Potential, Shared Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, ENERGY STAR Qualified Water Heater, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Carport, In Garage, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 396.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 8354.00
  • Lot Size Acres: 0.1918

Multi Family

  • Average2 Bed Area: 835 Square Feet
  • Average3 Bed Area: 1050 Square Feet
  • Electric Expense: 840.00
  • Gross Income: 57600.00
  • Gross Scheduled Income: 38580.00
  • Insurance Expense: 600.00
  • Lot Size Area: 8354.0000 Square Feet
  • Net Operating Income: 17880.00
  • 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: 600.00
  • Rent Control: No
  • Total Expenses: 8585.00

Tax Info

  • New Taxes Expense: 4896.00
  • Tax Census Tract: 4310.01
  • Tax Lot: 17
  • Tax Tract Number: 7084

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2019
Closed on
Oct 21, 2019
Sold by
Lewis James M and Lewis Christina
Bought by
Fox William and Dreyfuss Teresa
Seller's Agent
Cynthia Arrietta
HomeBased Realty
Buyer's Agent
Robert Cofer
CENTURY 21 MASTERS
List Price
$869,000
Sold Price
$837,000
Premium/Discount to List
-$32,000
-3.68%
Current Estimated Value
$1,158,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,942
Avg. Annual Appreciation
5.36%
Original Mortgage
$589,000
Interest Rate
3.6%

Purchase Details

Closed on
Aug 25, 2001
Sold by
Leon Ezequiel G and Leon Linda C
Bought by
Lewis James M and Lewis Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,400
Interest Rate
6.9%
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
Fox William $837,000 Ticor Title Company
Lewis James M $263,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox William $577,000
Closed Fox William $589,000
Previous Owner Lewis James M $230,561
Previous Owner Lewis James M $100,000
Previous Owner Lewis James M $268,500
Previous Owner Lewis James M $210,400
Closed Lewis James M $52,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $837,000 0.0% $441 / Sq Ft
11/12/2019 11/12/19 Sold $837,000 -3.7% $441 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $869,000 0.0% $458 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $869,000 -- $458 / 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 $12,329 $915,376 $546,820 $368,556
2024 $12,329 $897,429 $536,099 $361,330
2023 $12,048 $879,834 $525,588 $354,246
2022 $11,700 $862,583 $515,283 $347,300
2021 $11,473 $845,671 $505,180 $340,491
2020 $11,123 $837,000 $500,000 $337,000
2019 $5,135 $348,280 $158,910 $189,370
2018 $4,896 $341,452 $155,795 $185,657
2016 $4,703 $328,196 $149,747 $178,449
2015 $4,604 $323,267 $147,498 $175,769
2014 $4,568 $316,935 $144,609 $172,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19215306

California Regional Multiple Listing Service (CRMLS)

APN: 8505-014-007