NOT LISTED FOR SALE

719 El Mercado Ave Monterey Park, CA 91754

Estimated Value: $1,008,000 - $1,310,000

4 Beds
4 Baths
1,800 Sq Ft
$638/Sq Ft Est. Value

Last Sold September 18, 2024

Last sale price $1,238,000 $688 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,144/month

8 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Private Yard
  • Brightwood Elementary School Rated A
  • Pool View
  • 1-minute walk to Cascades Park

About This Home

As of September 2024

Exceptionally Remodeled One-Level Home with Two Primary Suites and Swimming Pool! Centrally situated in an established area near Monterey Park Hospital and Barnes Park, this 4BR/4BA, 1,800sqft residence emanates upscale panache with fresh landscaping, new exterior paint, and neighborly sidewalks. Originally built in 1940, the newly renovated residence truly captures the best of chic midcentury influences and desirable modern conveniences. Gorgeous new faux-wood flooring runs throughout the newly reimagined interior, which impresses further with fresh neutral paint, tons of dazzling natural light, new windows, an organically flowing layout, and a large living room with a well-appointed gas fireplace and recessed lighting.
Delight in the culinary possibilities of the stunning eat-in gourmet kitchen. Equipped with the most coveted upgrades, the stylish kitchen inspires with stainless-steel appliances, solid stone countertops, white shaker cabinets, a gas stove, a breakfast bar, and an adjoining dining area.
Envision the entertainment options of the fully enclosed outdoor space. Boasting a sparkling swimming pool, the backyard serves as a party-perfect area for birthday bashes or weekend get-togethers. For those who enjoy gardening, the outdoor space also has raised beds.
Modern lifestyles and multigenerational needs are satisfied with two primary bedrooms. Each primary bedroom includes ample closet space and an attached en suite featuring premium finishes and custom tilework. Two extra bedrooms are abundantly sized, while one bedroom also has direct access to a full bathroom.
Additional considerations: 2-car garage, laundry area, NEW roof, NEW A/C, large 7,500+sqft lot, close to award-winning Brightwood Elementary School, Sequoia Park, LA Fitness, Famous Chinese Food, Atlantic Time Square Plaza, AMC Theater, and restaurants, and so much more!
Get all the advantages of a fully renovated home, and have it all in one of Monterey Park’s most sought-after areas. Come See Today!

Last Agent to Sell the Property

Stephen Eng

Universal Elite Realty Brokerage Phone: 626-353-2384 License #01946974 Listed on: 08/08/2024

Last Buyer's Agent

Paul Lung

Paul Lung, Broker License #00803515

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,577

Year Built

  • Built in 1940

Lot Details

  • 7,507 Sq Ft Lot
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Property is zoned MPR1YY

Parking

  • 2 Car Garage

Property Views

  • Pool
  • Neighborhood

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Pool

  • In Ground Pool
  • Fence Around Pool

Schools

  • Brightwood Elementary School
  • Mark Keppel High School

Additional Features

  • Exterior Lighting
  • Urban Location
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 23 / 5
  • Tax Tract Number 8446
  • Assessor Parcel Number 5262002025
  • $475 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,577

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: MPR1YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5262002025
  • Year Built: 1940
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1800.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 687.78
  • Room Type: Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Two Primaries

Exterior Features

  • View: Neighborhood, Pool
  • Pool Features: Private, Fenced, In Ground
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Schools

  • Elementary School: Brightwood
  • High School: Mark Keppel
  • Elementary School #2: BRIGHT
  • High School2: MARKEP

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Paved, Yard
  • Lot Size Sq Ft: 7507.00
  • Lot Size Acres: 0.1723

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7507.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 4821.02
  • Tax Lot: 23
  • Tax Tract Number: 8446
  • TaxOtherAnnualAssessmentAmount: 475.00

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Sep 4, 2024
Sold by
Chen Aaron
Bought by
Lian Guyi and Xie Juan
Seller's Agent
Stephen Eng
Universal Elite Realty
Buyer's Agent
Paul Lung
Paul Lung, Broker
List Price
$1,158,000
Sold Price
$1,238,000
Premium/Discount to List
$80,000
6.91%
Views
128
Current Estimated Value
$1,148,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,268
Avg. Annual Appreciation
-6.58%
Original Mortgage
$866,600
Outstanding Balance
$856,859
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$291,873

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 8, 2024
Sold by
Rita Recendez Living Trust and Hechanova Genet
Bought by
Chen Aaron
Seller's Agent
Cindy Phan
High Ten Partners, Inc.
Buyer's Agent
Cindy Phan
High Ten Partners, Inc.
List Price
$899,000
Sold Price
$930,000
Premium/Discount to List
$31,000
3.45%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
126.45%
Original Mortgage
$651,000
Interest Rate
6.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 20, 2009
Sold by
Recendez Rita C
Bought by
Recendez Rita
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
Lian Guyi $1,238,000 None Listed On Document
Chen Aaron $930,000 First American Title Company
Recendez Rita -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lian Guyi $866,600
Previous Owner Chen Aaron $651,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2024 09/18/24 Sold $1,238,000 +6.9% $688 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $1,158,000 +24.5% $643 / Sq Ft
05/15/2024 05/15/24 Sold $930,000 +3.4% $627 / Sq Ft View Prior Sale
04/12/2024 04/12/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $899,000 -- $606 / 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 $1,577 $1,238,000 $805,000 $433,000
2024 $1,577 $93,676 $32,177 $61,499
2023 $1,546 $91,841 $31,547 $60,294
2022 $1,484 $90,041 $30,929 $59,112
2021 $1,456 $88,276 $30,323 $57,953
2019 $1,411 $85,660 $29,425 $56,235
2018 $1,324 $83,982 $28,849 $55,133
2016 $1,238 $80,723 $27,730 $52,993
2015 $1,218 $79,511 $27,314 $52,197
2014 $1,210 $77,954 $26,779 $51,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24164504

California Regional Multiple Listing Service (CRMLS)

APN: 5262-002-025