NOT LISTED FOR SALE

718 E Palm Ave Monrovia, CA 91016

Estimated Value: $1,249,000 - $1,605,000

4 Beds
3 Baths
2,496 Sq Ft
$578/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $1,160,000 $465 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,044/month

8 Days on Market

Highlights

  • Primary Bedroom Suite
  • Mountain View
  • Wood Flooring
  • Clifton Middle School Rated A-
  • Property is near a park
  • Spanish Architecture

About This Home

As of June 2021

Beautiful 1929 Spanish Revival situated in a great neighborhood in East Monrovia. As you approach the house on the tile walkway, you enter through a wrought iron gate into a small courtyard. Exterior features include a red tile roof, white stucco, multiple gables, and arched windows. Inside the wood front door is the formal living room with beamed ceiling, brick fireplace & hearth, wood mantle, reliquary niche, wall sconces, and wrought iron accents. Step up into the large formal dining room that has two large niches, period chandelier and French doors that open to the courtyard. The galley kitchen has stainless appliances and double sink, garden window, ceramic tile countertops, walk-in pantry, red tile flooring, and an adorable attached breakfast room with built-in china cabinet, ceiling fan and wrought iron accents. There is a hallway bathroom fronted by a stained glass entry door and has original tile flooring, separate tub and shower, ceramic tile and wall sconces. There are three downstairs bedrooms and an expansive Family Room with recessed lighting, two sets of French doors, an attached full bath, and a staircase with wrought iron railing. Upstairs is dedicated to an XL Master Suite with ceiling fan, walk-in closet, stained glass lighted windows, and a door to a tiled balcony. The Master bathroom consists of a large walk-in shower, jetted tub, built-in linen storage, double sinks and stone tile. Other amenities include hardwood floors throughout, indoor laundry, dual-zone central air & heat, arched doorways, fire sprinklers, security system, gated brick driveway and a two-car detached garage with sliding barn door access. The large rear yard has mature landscaping, oak and fruit trees, and a flagstone patio area. This is a neighborhood gem just waiting for the perfect owners!

Last Agent to Sell the Property

Donna Baker

JohnHart Corp. License #01308772 Listed on: 05/17/2021

Last Buyer's Agent

James Chikato

Pinnacle Estate Properties, Inc. License #01842573

Pinnacle Estate Properties, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,334

Year Built

  • Built in 1929

Lot Details

  • 7,003 Sq Ft Lot
  • Level Lot
  • Lawn
  • Back and Front Yard
  • Property is zoned MORL*

Parking

  • 2 Car Garage

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Clay Roof
  • Stucco

Interior Spaces

  • 2,496 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Center Hall
  • Wood Flooring
  • Laundry Room
  • Unfinished Basement

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Walk-In Pantry
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • Property is near a park

Schools

  • Monrovia High School

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 5 / B
  • Tax Tract Number 5315
  • Assessor Parcel Number 8517022005

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,334

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: MORL*
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8517022005
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2496.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Ceramic Counters, High Ceilings, Pantry, Recessed Lighting, Stone Counters, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 464.74
  • Room Type: Basement, Center Hall, Family Room, Galley Kitchen, Living Room, Master Suite, Walk-In Closet, Walk-In Pantry
  • Room Kitchen Features: Tile Counters, Walk-In Pantry
  • Basement: Unfinished

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Roof: Clay
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Schools

  • School District: Monrovia Unified
  • High School: Monrovia
  • High School: Monrovia
  • High School2: MONROV

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Level with Street, Lot 6500-9999, Level, Park Nearby
  • Lot Size Sq Ft: 7003.00
  • Lot Size Acres: 0.1608

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7003.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: B
  • Tax Census Tract: 4310.02
  • Tax Lot: 5
  • Tax Tract Number: 5315

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2022
Sold by
Drazic and Mary
Bought by
Philip M Drazic And Mary M Drazic Revocable T
Current Estimated Value
$1,442,071

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 2, 2021
Sold by
Shonnard Ludlow and Shonnard Nani Leigh
Bought by
Drazic Philip and Drazic Mary
Seller's Agent
Donna Baker
JohnHart Corp.
Buyer's Agent
James Chikato
Pinnacle Estate Properties, Inc.
List Price
$998,000
Sold Price
$1,160,000
Premium/Discount to List
$162,000
16.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$812,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2013
Sold by
Shonnard Ludlow
Bought by
Shonnard Ludlow and Shonnard Nani Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2007
Sold by
Reimann John Kent
Bought by
Shonnard Ludlow and Gorham Nani Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,200
Interest Rate
6.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 7, 1998
Sold by
Miller Elliott J
Bought by
Reimann John Kent and Reimann Christian Marie Shaheen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.01%
Source: Public Records

Range of Values:

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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
Philip M Drazic And Mary M Drazic Revocable T -- None Listed On Document
Drazic Philip $1,160,000 Chicago Title Company
Shonnard Ludlow -- Equity Title
Shonnard Ludlow $761,000 First Amer Title Co Of La
Reimann John Kent $225,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drazic Philip $812,000
Previous Owner Shonnard Ludlow $400,000
Previous Owner Shonnard Ludlow $409,536
Previous Owner Shonnard Ludlow $249,200
Previous Owner Shonnard Ludlow $417,000
Previous Owner Reimann John Kent $322,700
Previous Owner Reimann John Kent $90,000
Previous Owner Reimann John Kent $176,000
Previous Owner Reimann John Kent $142,500
Previous Owner Reimann John Kent $100,000
Previous Owner Reimann John Kent $180,000
Closed Reimann John Kent $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $1,160,000 +16.2% $465 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $998,000 -- $400 / 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 $16,334 $1,255,620 $714,404 $541,216
2024 $16,334 $1,231,001 $700,397 $530,604
2023 $15,954 $1,206,864 $686,664 $520,200
2022 $15,482 $1,183,200 $673,200 $510,000
2021 $12,185 $923,455 $485,390 $438,065
2020 $11,805 $913,987 $480,413 $433,574
2019 $11,072 $854,000 $449,000 $405,000
2018 $11,048 $854,000 $449,000 $405,000
2016 $9,396 $723,000 $380,000 $343,000
2015 $9,323 $723,000 $380,000 $343,000
2014 $8,403 $643,000 $338,000 $305,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21105502

California Regional Multiple Listing Service (CRMLS)

APN: 8517-022-005