NOT LISTED FOR SALE

705 E Palm Ave Monrovia, CA 91016

Estimated Value: $966,752 - $1,069,000

2 Beds
1 Bath
1,131 Sq Ft
$896/Sq Ft Est. Value

Last Sold December 20, 2016

Last sale price $620,000 $548 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,096/month

54 Days on Market

Highlights

  • In Ground Pool
  • Traditional Architecture
  • Bonus Room
  • Clifton Middle School Rated A-
  • Wood Flooring
  • L-Shaped Dining Room

About This Home

As of December 2016

1940's Traditional in desirable NE Monrovia neighborhood within Gold Ribbon School boundry. This 2 bedroom 1 bath home features an open concept living room dining room w/hardwood floors and playroom that opens to the lush backyard with gated swimming pool, fire pit and multiple patio areas making it an entertainers dream. Den/Playroom could be converted to a 3rd bedroom. Upgrades include central air conditioning, newer 30-year roof and extensive landscape and hardscape renovations to the yard. Just blocks from Recreation Park, Bradoaks Elementary School and Clifton Middle School, close to the new Gold Line Station and it's in close proximity to Old Town Monrovia.

Last Agent to Sell the Property

Susan Ratliff

eXp Realty of California, Inc. License #01072671 Listed on: 10/21/2016

Co-Listed By

Melissa Reisbeck

eXp Realty of California, Inc. License #01300989

Last Buyer's Agent

Frank Spencer

Mr. Chatsworth Realty License #01155964

Mr. Chatsworth Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 7,000 Sq Ft Lot
  • South Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Property is zoned MORL*

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Vertical Siding
  • Stucco

Interior Spaces

  • 1,131 Sq Ft Home
  • Built-In Features
  • L-Shaped Dining Room
  • Den
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Open Patio
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Overhead Utilities

Listing and Financial Details

  • Assessor Parcel Number 8517025025

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: MORL*
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8517025025
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Living Area: 1131.00
  • Interior Amenities: Built-in Features
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Levels: One
  • Price Per Square Foot: 548.19
  • Room Type: Bonus Room, Den

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Patio And Porch Features: Brick, Front Porch, Patio Open, Porch
  • Pool Features: In Ground
  • Pool Private: No
  • Construction Materials: Stucco, Vertical Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: In Closet
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Level, Paved, Rectangular Lot, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7000.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2016
Closed on
Nov 2, 2016
Sold by
Mellinger Cory Ray
Bought by
Yohn Justin and Yohn Natalie
Seller's Agent
Susan Ratliff
eXp Realty of California, Inc.
Buyer's Agent
Frank Spencer
Mr. Chatsworth Realty
List Price
$598,000
Sold Price
$620,000
Premium/Discount to List
$22,000
3.68%
Current Estimated Value
$1,013,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,438
Avg. Annual Appreciation
5.60%
Original Mortgage
$496,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2013
Sold by
Mellinger Cory
Bought by
Mellinger Cory Ray and Mellinger Faith Marin

Purchase Details

Closed on
May 5, 2006
Sold by
Mellinger Cory and Heidtke Faith
Bought by
Mellinger Cory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,200
Interest Rate
6.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 18, 2006
Sold by
Andranovich Gregory
Bought by
Mellinger Cory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,200
Interest Rate
6.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 12, 2002
Sold by
Russell Grady M and Faulkner Mary A
Bought by
Andranovich Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
6.15%
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
Yohn Justin $620,000 Lawyers Title
Mellinger Cory Ray -- None Available
Mellinger Cory -- Advantage Title
Mellinger Cory $539,000 Advantage Title
Andranovich Gregory $339,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yohn Justin $496,000
Previous Owner Mellinger Cory $14,200
Previous Owner Mellinger Cory $417,000
Previous Owner Andranovich Gregory $139,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2016 12/20/16 Sold $620,000 +3.7% $548 / Sq Ft
12/14/2016 12/14/16 Pending -- -- --
10/21/2016 10/21/16 For Sale $598,000 -- $529 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $9,618 $719,555 $533,285 $186,270
2024 $9,618 $705,447 $522,829 $182,618
2023 $9,397 $691,616 $512,578 $179,038
2022 $9,123 $678,056 $502,528 $175,528
2021 $8,948 $664,762 $492,675 $172,087
2019 $8,519 $645,047 $478,063 $166,984
2018 $8,306 $632,400 $468,690 $163,710
2016 $7,709 $592,000 $473,800 $118,200
2015 $7,327 $566,000 $453,000 $113,000
2014 $6,716 $512,000 $410,000 $102,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Susan Ratliff

    eXp Realty of California, Inc.

  • M

    Seller Co-Listing Agent in 2016

    Melissa Reisbeck

    eXp Realty of California, Inc.

    Section Image
  • Frank Spencer

    Buyer's Agent in 2016

    Frank Spencer

    Mr. Chatsworth Realty

    (818) 383-1269

    24 Total Sales

    Frank Spencer
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316009913

Pasadena-Foothills Association of REALTORS®

APN: 8517-025-025

California Los Angeles County Monrovia 91016

705 E Palm Ave, Monrovia, CA

Not Listed for Sale

Detached

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