NOT LISTED FOR SALE

715 El Mercado Ave Monterey Park, CA 91754

Estimated Value: $896,000 - $1,034,085

3 Beds
2 Baths
1,626 Sq Ft
$608/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $850,000 $523 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,133/month

5 Days on Market

Highlights

  • Guest House
  • Pool House
  • Contemporary Architecture
  • Brightwood Elementary School Rated A
  • View of Hills
  • 1-minute walk to Cascades Park

About This Home

As of August 2022

Welcome to Casa Encanto and its gorgeous views of the Monterey Hills. First time being sold in 65+ years. This beloved family home has 2 bedrooms w/ bonus office/nursery, 1 bathroom + Casita w/ kitchen, bedroom & bathroom approximately 559sf. Casa Encanto sits on a large lot with two dwellings, each with their own yard. Front home has hardwood floors, central air and many windows for great lighting. Additionally, this property has a 2 car garage with loft above and an attached shed. Close to top schools, shopping, delicious cuisine and public transportation. Monterey Park is centrally located 15 mins from downtown LA, 20 minutes to Pasadena and is conveniently next to three major freeways (710, 10 and 60). The proximity to major freeways provides North/South and East/West access to any destination in Southern California. Situated in a quiet, family friendly neighborhood near the historical landmark El Encanto and down the street from the beautiful waterfall at Cascades Park, Casa Encanto has brought joy to three generations. With a little bit of TLC Casa Encanto will come to life...just like in the movie : )

Last Agent to Sell the Property

Pilar Oliva

LPT Realty, Inc License #01738884 Listed on: 07/27/2022

LPT Realty, Inc

Co-Listed By

Kyle Draper

LPT Realty, Inc License #01920958

Last Buyer's Agent

Teresa Luk

First Team Real Estate License #01749908

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,469

Year Built

  • Built in 1941

Lot Details

  • 7,536 Sq Ft Lot
  • Lot Dimensions are 50x150
  • East Facing Home
  • Property is zoned MPR1YY

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,626 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Living Room
  • Dining Area
  • Bonus Room
  • Wood Flooring
  • Views of Hills
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite

Laundry

  • Laundry in Garage
  • Dryer

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking

Outdoor Features

  • Pool House
  • Shed

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5262-002-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,469

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: Welcome to Casa Encanto w/gorgeous views of the Monterey Hills. 1st time on the market in 65+ yrs. This family home has 2 beds w/bonus office/nursery, 1 bath + Casita w/kitchen, 1 bed & 1 bath approx. 559sf. The home sits on a large lot with 2 dwellings, each w/own yard. Front home has hardwood floors and central AC. Additionally, this property has a 2 car garage w/loft above and an attached shed. Close to top schools, shops, restaurants & public transportation. The home is centrally located 15 mins from DTLA, 20 mins to Pasadena and is next to 3 major freeways (710, 10 and 60) which provides North/South and East/West access to any destination in SoCal. Situated in a quiet, family friendly neighborhood near the historical landmark El Encanto and the beautiful waterfall at Cascades Park. The home has brought joy to 3 generations. With a little bit of TLC Casa Encanto will come to life.
  • Living Area: 1626
  • Lot Acreage: 0.1730
  • Lot Dimensions: 50x150
  • Stories: 1
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Wood
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Equipment: Dryer
  • Price Per S Q F T: 479.09

Exterior Features

  • Direction Faces: East
  • Other Structures: Pool House, GuestHouse, Other, Shed(s)
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Hills
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, On street, Garage - 2 Car, Garage
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5262-002-026
  • Lot Size Area: 7536

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Aug 16, 2022
Sold by
Hernandez Daniel Paul and Hernandez Maria A
Bought by
Lim Jonathan Dayao and Wong Annie Choi
Seller's Agent
Pilar Oliva
LPT Realty, Inc
Buyer's Agent
Teresa Luk
First Team Real Estate
List Price
$779,000
Sold Price
$850,000
Premium/Discount to List
$71,000
9.11%
Views
23
Current Estimated Value
$989,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,021
Avg. Annual Appreciation
4.89%
Original Mortgage
$600,000
Outstanding Balance
$573,630
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$415,391
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lim Jonathan Dayao $850,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Jonathan Dayao $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $850,000 +9.1% $523 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $779,000 -- $479 / Sq Ft
Source: The MLS

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 $11,469 $884,340 $707,472 $176,868
2024 $11,469 $867,000 $693,600 $173,400
2023 $11,238 $850,000 $680,000 $170,000
2022 $1,540 $85,190 $30,929 $54,261
2021 $1,517 $83,521 $30,323 $53,198
2019 $1,473 $81,046 $29,425 $51,621
2018 $1,331 $79,458 $28,849 $50,609
2016 $1,253 $76,375 $27,730 $48,645
2015 $1,233 $75,229 $27,314 $47,915
2014 $1,227 $73,756 $26,779 $46,977
Source: Public Records

Agents Affiliated with this Home

  • Pilar Oliva

    Seller's Agent in 2022

    Pilar Oliva

    LPT Realty, Inc

    (626) 394-4704

    1 in this area

    18 Total Sales

    Pilar Oliva
    Section Image
  • Kyle Draper

    Seller Co-Listing Agent in 2022

    Kyle Draper

    LPT Realty, Inc

    (323) 646-6442

    1 in this area

    212 Total Sales

    Kyle Draper
    Section Image

  • T

    Buyer's Agent in 2022

    Teresa Luk

    First Team Real Estate

    Section Image
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Map

Source: The MLS

MLS Number: 22-181179

The MLS

APN: 5262-002-026

California Los Angeles County Monterey Park 91754

715 El Mercado Ave, Monterey Park, CA

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