NOT LISTED FOR SALE

702 E Newmark Ave Unit A Monterey Park, CA 91755

Estimated Value: $728,000 - $781,000

3 Beds
2.5 Baths
1,281 Sq Ft
$240/mo HOA Fee

Last Sold July 11, 2023

Last sale price $630,000 $492 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,943/month

48 Days on Market

Highlights

  • Primary Bedroom Suite
  • 2 Car Attached Garage
  • Living Room
  • Monterey Vista Elementary School Rated A-
  • Bathtub with Shower
  • Laundry Room

About This Home

As of July 2023

This beautifully updated condo is located in the heart of Monterey Park, just steps from all the best that the city has to offer. With its spacious layout, hardwood floors, and two balconies, this home is perfect for families or anyone looking for a comfortable and convenient place to live. All 3 bedrooms are on the 2nd floor including the master bedroom and 2 separate balconies ideal for relaxing outside while in the privacy of your own home. The master bathroom offers dual vanities and the classic hardwood flooring throughout the unit is perfectly complemented with the new elegant interior painting and light fixtures. The attached 2 car garage provides ample storage and there is a laundry room upstairs for your convenience. This unit has been very well maintained and is ready to move in! Location is near markets, schools with easy access to freeways.

Last Agent to Sell the Property

Sharon Liu

Re/Max Premier Prop Arcadia License #01720175 Listed on: 05/10/2023

Re/Max Premier Prop Arcadia

Last Buyer's Agent

Sunny Lee

Sunshine International Inv., Inc. License #01852431

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,654

Year Built

  • Built in 1980

Lot Details

  • 1 Common Wall
  • West Facing Home

HOA Fees

  • $240 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,281 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Bathtub with Shower
  • Walk-in Shower

Schools

  • Mark Keppel High School

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 392
  • Tax Tract Number 482
  • Assessor Parcel Number 5259008106

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,654

Year Built

Built in 1980

Lot Details

0

HOA Fees

$240 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: MPR3*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5259008106
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1281.00 Square Feet
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 491.80
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Master Suite
  • Bathroom Features: Bathtub, Shower, Shower In Tub

Exterior Features

  • Direction Faces: West
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash, Water
  • Association Fee: 240.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs

Schools

  • School District: Alhambra
  • High School: Mark Keppel
  • High School: Mark Keppel
  • High School2: MARKEP

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7538.00
  • Lot Size Acres: 0.1730

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7538.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Census Tract: 4822.02
  • Tax Lot: 392
  • Tax Tract Number: 482...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Aug 24, 2023
Sold by
Cheung On Ka and Li Song F
Bought by
On Ka Cheung and Li Song F
Seller's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
Buyer's Agent
Sunny Lee
Sunshine International Inv., Inc.
List Price
$598,000
Sold Price
$630,000
Premium/Discount to List
$32,000
5.35%
Views
284
Current Estimated Value
$753,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,134
Avg. Annual Appreciation
8.14%

Purchase Details

Closed on
Apr 6, 2010
Sold by
Griffith Jay A and Griffith Lyena Lee
Bought by
Wells Fargo Bank and The Charles Clark Trust

Purchase Details

Closed on
Feb 21, 1995
Sold by
Yeung Herman Hinman and Yeung Lisa S M
Bought by
Griffith Jay A and Griffith Lyena Lee

Purchase Details

Closed on
Oct 18, 1994
Sold by
Yeung Kim Leung and Ho Yung Mui
Bought by
Yeung Herman Hinman and Yeung Lisa S M
Source: Public Records

Range of Values:

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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
On Ka Cheung -- None Listed On Document
Wells Fargo Bank $315,000 Chicago Title Company
Griffith Jay A $134,000 Title Land Co
Yeung Herman Hinman -- United Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2023 07/11/23 Sold $630,000 +5.4% $492 / Sq Ft
05/10/2023 05/10/23 For Sale $598,000 -- $467 / 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 $8,654 $642,600 $401,268 $241,332
2024 $8,654 $630,000 $393,400 $236,600
2023 $5,418 $390,804 $195,402 $195,402
2022 $5,174 $383,142 $191,571 $191,571
2021 $5,147 $375,630 $187,815 $187,815
2019 $4,955 $364,492 $182,246 $182,246
2018 $4,923 $357,346 $178,673 $178,673
2016 $4,533 $343,472 $171,736 $171,736
2015 $4,445 $338,314 $169,157 $169,157
2014 $4,386 $331,688 $165,844 $165,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23079005

California Regional Multiple Listing Service (CRMLS)

APN: 5259-008-106