NOT LISTED FOR SALE

552 E Newmark Ave Unit C Monterey Park, CA 91755

Estimated Value: $656,000 - $730,000

2 Beds
2.5 Baths
1,192 Sq Ft
$225/mo HOA Fee

Last Sold June 18, 2024

Last sale price $680,000 $570 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,458/month

5 Days on Market

Highlights

  • 0.44 Acre Lot
  • Dual Staircase
  • 2 Car Attached Garage
  • Monterey Vista Elementary School Rated A-
  • Granite Countertops
  • Bathtub with Shower

About This Home

As of June 2024

Welcome to your new home nestled in the serene and conveniently located Monterey Park. This property presents a golden opportunity for both savvy investors and first-time homebuyers in search of a harmonious blend of comfort and accessibility. Positioned within the esteemed Alhambra school district and mere moments from Mark Keppel High School, this residence offers an unmatched educational advantage compared to neighboring areas.

Emphasizing durability and privacy, this condo unit is situated at the rear of the complex. Upon entry, you'll be welcomed by a spacious living room adorned with expansive windows that flood the space with natural light. This two-story sanctuary comprises 2 bedrooms and 2.5 bathrooms, including a master suite. The secondary bedroom is generously proportioned, providing comfortable accommodations for family members or guests.

Parking is effortless with a 2-car attached garage and an additional space for storage. Low HOA fees covering water and trash, combined with proximity to schools, shopping centers, parks, medical facilities, supermarkets, and more, make this property an exceptional find. Convenient access to bus stops and major freeways ensures seamless commuting. Central AC unit installed 2017.
This opportunity truly warrants a firsthand viewing to be fully appreciated. Don't let the chance slip by to make this property your ideal home.

Last Agent to Sell the Property

Attry Pat

Coldwell Banker Dynasty Arc. Brokerage Phone: 626-384-8386 License #01898763 Listed on: 05/08/2024

Coldwell Banker Dynasty Arc.

Last Buyer's Agent

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1980

Lot Details

  • 0.44

HOA Fees

  • $225 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,192 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Window Screens
  • Living Room
  • Dining Room

Kitchen

  • Gas Range
  • Range Hood
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

Schools

  • Garvey Middle School
  • Mark Keppel High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Patio
  • Two or More Common Walls
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 34241
  • Assessor Parcel Number 5259007084
  • $338 per year additional tax assessments

Community Details

Overview

  • 10 Units
  • Newmarket Square Association

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1980

Lot Details

0

HOA Fees

$225 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: MPR3*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5259007084
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1192.00 Square Feet
  • Interior Amenities: 2 Staircases
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Entry Level: 2
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 570.47
  • Room Type: All Bedrooms Up, Kitchen, Living Room
  • Window Features: Screens
  • Bathroom Features: Shower, Shower In Tub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Range Hood
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash, Water
  • Association Fee: 225.00
  • Association Fee Frequency: Monthly
  • Association Name: Newmarket Square
  • Phone: 00000000
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Suburban
  • Association Management: Newmarket Square

Schools

  • High School: Mark Keppel
  • Middle Or Junior School: Garvey
  • High School2: MARKEP

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 19342.00
  • Lot Size Acres: 0.4440
  • Latitude Manual: 34.05935200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 19342.0000 Square Feet
  • Number Of Units In Community: 10
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4822.02
  • Tax Lot: 1
  • Tax Tract Number: 34241
  • TaxOtherAnnualAssessmentAmount: 338.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 11, 2024
Sold by
Chen Wei and Chen Zheng
Bought by
Kang Li
Seller's Agent
Attry Pat
Coldwell Banker Dynasty Arc.
Buyer's Agent
Yvonne Matloff
TSE REALTY & MANAGEMENT SERVIC
List Price
$629,000
Sold Price
$680,000
Premium/Discount to List
$51,000
8.11%
Views
24
Current Estimated Value
$699,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,794
Avg. Annual Appreciation
1.86%
Original Mortgage
$350,000
Outstanding Balance
$345,248
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$354,546

Purchase Details

Listed on
Apr 7, 2017
Closed on
Apr 4, 2017
Sold by
Lee Yen Fong and Lee Yen En
Bought by
Chen Wei and Chen Zheng
Seller's Agent
Angel Lau
Coldwell Banker Dynasty T.C.
Buyer's Agent
Angel Lau
Coldwell Banker Dynasty T.C.
Sold Price
$2,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kang Li $680,000 California Best Title Company
Chen Wei $439,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Li $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2024 06/18/24 Sold $680,000 +8.1% $570 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $629,000 0.0% $528 / Sq Ft
04/27/2017 04/27/17 Rented $2,100 0.0% --
04/24/2017 04/24/17 Under Contract -- -- --
04/07/2017 04/07/17 For Rent $2,100 0.0% --
04/06/2017 04/06/17 Sold $439,000 +5.0% $368 / Sq Ft View Prior Sale
03/17/2017 03/17/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $418,000 -- $351 / 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 $6,926 $693,600 $481,338 $212,262
2024 $6,926 $499,499 $309,713 $189,786
2023 $6,694 $489,706 $303,641 $186,065
2022 $6,389 $480,105 $297,688 $182,417
2021 $6,359 $470,692 $291,851 $178,841
2019 $6,120 $456,734 $283,196 $173,538
2018 $6,093 $447,780 $277,644 $170,136
2016 $2,136 $150,348 $63,855 $86,493
2015 $2,095 $148,090 $62,896 $85,194
2014 $2,073 $145,190 $61,664 $83,526
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24091271

California Regional Multiple Listing Service (CRMLS)

APN: 5259-007-084