Seller's Agent in 2021
The Mark and Al Team
CENTURY 21 MASTERS
(626) 335-6000
13 in this area
321 Total Sales
540 N Valencia Place Covina, CA 91723
Estimated Value: $1,092,000 - $1,268,000
6
Beds
3
Baths
2,668
Sq Ft
$440/Sq Ft
Est. Value
Highlights
- Laundry Room
- Back Yard
- 5-minute walk to Covina Park
About This Home
As of May 2021Located in the heart of Covina, this lovely 3-unit property is a great investment for a first-time investor or a seasoned investor seeking solid returns! Front single unit and rear duplex, each with 2 bedrooms, 1 bathroom and 1 carport space. Front house offers a living room, dining room, light-filled breakfast nook off the kitchen, pantry, laundry area, and hardwood and carpet floors. Both rear units feature a living room, dining area, kitchen, and access to the nice sized backyard. Just a stroll away from Downtown Covina, shops, restaurants, park, and Farmers Market. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.
Last Agent to Sell the Property
CENTURY 21 MASTERS License #00914322 Listed on: 04/21/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,936
Year Built
- Built in 1930
Lot Details
- 10,440 Sq Ft Lot
- No Common Walls
- Back Yard
Home Design
- 2,668 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Parking
- 3 Parking Spaces
- 3 Carport Spaces
Additional Features
- Laundry Room
- Exterior Lighting
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 23
- Tax Tract Number 8004
- Assessor Parcel Number 8431017014
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,500
- Insurance Expense $1,116
- Trash Expense $936
- Water Sewer Expense $936
- New Taxes Expense $10,188
- Operating Expense $14,676
- Gross Income $47,064
- Net Operating Income $47,064
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2021
Closed on
May 11, 2021
Sold by
Dunne Mary T
Bought by
Abernathy David P and Abernathy Nancy S
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Justin McCardle
Growth Investment Group Pasade
List Price
$849,000
Sold Price
$955,000
Premium/Discount to List
$106,000
12.49%
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
$217,972
Avg. Annual Appreciation
4.10%
Original Mortgage
$570,000
Outstanding Balance
$522,043
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$611,372
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 |
|---|---|---|---|
| Abernathy David P | $955,000 | Wfg National Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abernathy David P | $570,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2021 05/26/21 | Sold | $955,000 | 0.0% | $358 / Sq Ft |
| 05/06/2021 05/06/21 | Pending | -- | -- | -- |
| 04/27/2021 04/27/21 | Off Market | $955,000 | -- | -- |
| 04/21/2021 04/21/21 | For Sale | $849,000 | -- | $318 / 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 | $12,936 | $1,033,721 | $736,053 | $297,668 |
| 2024 | $12,936 | $1,013,453 | $721,621 | $291,832 |
| 2023 | $12,752 | $993,582 | $707,472 | $286,110 |
| 2022 | $12,588 | $974,100 | $693,600 | $280,500 |
| 2021 | $2,125 | $83,289 | $33,265 | $50,024 |
| 2020 | $2,108 | $82,436 | $32,924 | $49,512 |
| 2019 | $2,091 | $80,821 | $32,279 | $48,542 |
| 2018 | $1,905 | $79,238 | $31,647 | $47,591 |
| 2016 | $1,781 | $76,163 | $30,419 | $45,744 |
| 2015 | $1,740 | $75,020 | $29,963 | $45,057 |
| 2014 | $1,739 | $73,552 | $29,377 | $44,175 |
Source: Public Records
Agents Affiliated with this Home
-
The Mark and Al Team
-
Justin McCardle
Buyer's Agent in 2021
Justin McCardle
Growth Investment Group Pasade
(626) 594-4901
2 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21083037
APN: 8431-017-014
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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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