NOT LISTED FOR SALE

531 N Alhambra Ave Monterey Park, CA 91755

Estimated Value: $825,000 - $1,022,000

3 Beds
3 Baths
1,518 Sq Ft
$250/mo HOA Fee

Last Sold January 20, 2022

Last sale price $850,000 $560 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,287/month

9 Days on Market

Highlights

  • Primary Bedroom Suite
  • 0.77 Acre Lot
  • End Unit
  • Repetto Elementary School Rated A-
  • Mountain View
  • 3 Car Attached Garage

About This Home

As of January 2022

Charming free-standing front townhouse unit with unique and highly-desirable layout. Located in a secure gated community that will make you feel right at home! This home has been freshly painted and is awaiting its new owners. The front porch entrance leads you to a spacious open living room that features new laminate wood flooring, an elegant fireplace and a charming wet bar perfect for entertaining guests. Enjoy your meals in the naturally lit dining area that opens up from the living room and kitchen. The classic kitchen features wooden cabinets, tile countertops, and is equipped with a new gas stove & range, new dishwasher, and a breakfast bar. The family room with balcony is tucked away on one side of the house and can be easily transformed into an office, recreational area, or even a guest room. Upstairs you will find an abundance of natural light and 3 spacious carpeted bedrooms with high vaulted ceilings with 2 bedrooms sharing a hallway full bathroom. The Master suite features its own private balcony and private luxury bathroom equipped with a walk-in closet, dual-sink vanity area, walk-in shower, and spa tub. Parking is located conveniently downstairs in the 3-car attached garage with new doors. This location offers ease of access to many of San Gabriel Valley’s finest! The highly-esteemed Mark Keppel High is situated across the street, AMC theaters, downtown Alhambra, supermarkets, shopping plazas, and a variety of tasty restaurants are located nearby, and the I-10 freeway is closeby for easy commute. Don’t miss your chance to own this Monterey Park gem!

Last Agent to Sell the Property

Sharon Liu

Re/Max Premier Prop Arcadia License #01720175 Listed on: 11/29/2021

Re/Max Premier Prop Arcadia

Last Buyer's Agent

YANHUA LIU

RE/MAX ELITE REALTY License #02080444

RE/MAX ELITE REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,606

Year Built

  • Built in 1989

Lot Details

  • No Common Walls
  • End Unit
  • Front Yard

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Interior Spaces

  • 1,518 Sq Ft Home
  • Wet Bar
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Gas and Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Schools

  • Mark Keppel High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Community Details

  • Master Insurance
  • 8 Units
  • Pro Service Association, Phone Number (626) 642-1717

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 33394
  • Assessor Parcel Number 5255021091
  • $351 per year additional tax assessments

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,606

Year Built

Built in 1989

Lot Details

0

HOA Fees

$250 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: MPR3YY
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5255021091
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1518.00 Square Feet
  • Interior Amenities: Wet Bar
  • Common Walls: End Unit, No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Area
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 559.95
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Master Suite

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Covered, Driveway, Concrete, Garage, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Water Heater
  • 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
  • Association Fee: 250.00
  • Association Fee Frequency: Monthly
  • Association Name: Pro Service
  • Phone: 626-642-1717
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs
  • Association Management: Pro Service

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: Front Yard
  • Lot Size Sq Ft: 33385.00
  • Lot Size Acres: 0.7664

Multi Family

  • Lease Considered: No
  • Lot Size Area: 33385.0000 Square Feet
  • Number Of Units In Community: 8
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4817.11
  • Tax Lot: 1
  • Tax Tract Number: 33394
  • TaxOtherAnnualAssessmentAmount: 351.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Jan 13, 2022
Sold by
Rita Bindman
Bought by
Liu Pengrui and Chen Yan
Seller's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
Buyer's Agent
YANHUA LIU
RE/MAX ELITE REALTY
List Price
$788,000
Sold Price
$850,000
Premium/Discount to List
$62,000
7.87%
Current Estimated Value
$915,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,512
Avg. Annual Appreciation
1.63%
Original Mortgage
$563,300
Outstanding Balance
$524,425
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$374,994

Purchase Details

Closed on
Feb 27, 2019
Sold by
Bindman Rita and Wong Mui Yee
Bought by
Bindman Rita and Wong Mui Yee

Purchase Details

Closed on
Jan 6, 1998
Sold by
Wu Jack
Bought by
D A L Development Corp

Purchase Details

Closed on
Dec 27, 1996
Sold by
Wong Mon W
Bought by
Wong Mon Wuey and Poon Fung Chun

Purchase Details

Closed on
Jun 24, 1994
Sold by
Wong Mon Wuey
Bought by
Poon Fung Chun

Purchase Details

Closed on
Dec 1, 1989
Sold by
Wong Mui Yee
Bought by
Wong Mon Wuey and Poon Fung Chun
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
Liu Pengrui $850,000 New Title Company Name
Bindman Rita -- None Available
D A L Development Corp $293,500 American Title Co
Wong Mon Wuey -- --
Poon Fung Chun -- Stewart Title
Wong Mon Wuey -- --
Wong Mon Wuey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Pengrui $563,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $850,000 +7.9% $560 / Sq Ft
12/10/2021 12/10/21 For Sale $788,000 -7.3% $519 / Sq Ft
12/09/2021 12/09/21 Off Market $850,000 -- --
11/29/2021 11/29/21 For Sale $788,000 -- $519 / 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 $11,606 $884,340 $520,200 $364,140
2023 $11,370 $867,000 $510,000 $357,000
2022 $6,079 $473,260 $118,220 $355,040
2021 $6,003 $463,981 $115,902 $348,079
2019 $5,787 $450,220 $112,465 $337,755
2018 $5,790 $441,393 $110,260 $331,133
2016 $5,350 $424,256 $105,980 $318,276
2015 $5,266 $417,885 $104,389 $313,496
2014 $5,192 $409,701 $102,345 $307,356
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21255733

California Regional Multiple Listing Service (CRMLS)

APN: 5255-021-091