$1,550,000
SOLD NOV 22, 2024

721 E Palm Ave Monrovia, CA 91016

4 Beds
3 Baths
2,356 Sq Ft
7,003 Sq Ft Lot

Recently Sold

$658 Per Sq Ft

1% Above List Price

111 Days on Market

Highlights

  • Private Pool
  • RV Access or Parking
  • Open Floorplan
  • Clifton Middle School Rated A-
  • Primary Bedroom Suite
  • Mountain View

About This Home

As of November 2024

Rare to find a one-level single family residence built in 2010 in the City of Monrovia. NO HOA. It features 4 bedrooms, 3 bathrooms, a 2-car garage, and a swimming pool. The interior covers 2,356 square feet, and the lot size is 7,003 square feet. The house has a north-facing back yard and a south-facing front door. It has been meticulously maintained, with 10-foot ceilings, shutters, and recessed lighting through the house. The spacious front yard has a driveway that can accommodate 4 cars. Entering through the beautiful front porch, you'll find a very quiet and comfortable living room with a fireplace. Every Christmas, children gather by the fireplace to receive gifts from Santa, filled with joy. The 4 bedrooms, 3 bathrooms, and a separate laundry room are distributed on the east and west sides of the house. The open-floor plan kitchen is connected to the family room, showing both elegance and convenience. This house offers exceptional livability and convenience. It's a 3-minute drive to the 210 freeway and a 5-minute walk to the Monrovia Historical Museum and the well-known Recreation Park. The park is large and well-equipped, with baseball fields, tennis courts, basketball courts, beach volleyball courts, barbecue areas, and children's playground. Imagine your children playing, learning, and growing up here, it will be a truly happy life. Don't miss your dream home!

Last Agent to Sell the Property

Fuqiang Yun

Yun Ai Inc. Brokerage Phone: 626-695-3076 License #02167331 Listed on: 06/12/2024

Yun Ai Inc.

Last Buyer's Agent

Pauline Cheng

Re/Max Premier Prop Arcadia License #00993691

Re/Max Premier Prop Arcadia

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,683

Year Built

  • Built in 2010

Lot Details

  • 7,003 Sq Ft Lot
  • Brick Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Private Yard
  • Lawn
  • Value in Land
  • Property is zoned MORL*

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Up Slope From Street
  • RV Access or Parking

Property Views

  • Mountain
  • Hills

Home Design

  • Turnkey
  • Tile Roof

Interior Spaces

  • 2,356 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Gas Fireplace
  • Sliding Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Patio
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Standard Electricity
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 33 / A
  • Tax Tract Number 5315
  • Assessor Parcel Number 8517025021
  • $711 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Foothills
  • Valley

Recreation

  • Park
  • Dog Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,683

Year Built

Built in 2010

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MORL*
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8517025021
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2356.00 Square Feet
  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Stories: 1
  • Entry Location: FRONT DOOR
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Nook, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 657.89
  • Room Type: All Bedrooms Down, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Primary Suite, Walk-In Closet
  • Bathroom Features: Shower, Shower In Tub, Double Sinks In Primary Bath, Exhaust Fan(s), Walk-In Shower
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • View: Hills, Mountain(s)
  • Fence: Yes
  • Fencing: Brick, Good Condition
  • Patio And Porch Features: Front Porch, Tile
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Foothills, Park, Valley

Schools

  • School District: Monrovia Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Lot 6500-9999, Rectangular Lot, Level, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Value In Land, Yard
  • 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: A
  • Tax Census Tract: 4310.02
  • Tax Lot: 33
  • Tax Tract Number: 5315
  • TaxOtherAnnualAssessmentAmount: 711.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Oct 23, 2024
Sold by
Tran Tri
Bought by
Martinez Ofelia Torres
Seller's Agent
Fuqiang Yun
Yun Ai Inc.
Buyer's Agent
Pauline Cheng
Re/Max Premier Prop Arcadia
List Price
$1,538,000
Sold Price
$1,550,000
Premium/Discount to List
$12,000
0.78%
Views
137
Current Estimated Value
$1,558,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,585
Avg. Annual Appreciation
0.79%
Original Mortgage
$650,000
Outstanding Balance
$644,407
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$914,178

Purchase Details

Listed on
Jun 12, 2024
Closed on
Oct 17, 2024
Sold by
Vallejo Alejandro Garcia
Bought by
Martinez Ofelia Torres
Seller's Agent
Fuqiang Yun
Yun Ai Inc.
Buyer's Agent
Pauline Cheng
Re/Max Premier Prop Arcadia
List Price
$1,538,000
Sold Price
$1,550,000
Premium/Discount to List
$12,000
0.78%
Views
137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$644,407
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$914,178

Purchase Details

Closed on
Sep 16, 2024
Sold by
Tran Susana
Bought by
Tran Tri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$644,407
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$914,178

Purchase Details

Closed on
Aug 9, 2010
Sold by
Leung Hong Yu and Leung Xiao Ying
Bought by
Tran Tri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,800
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2009
Sold by
Cowan Geraldine and The Cowan Family Trust
Bought by
Leung Hong Yu

Purchase Details

Closed on
Aug 2, 2002
Sold by
Cowan Geraldine
Bought by
Cowan Geraldine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
6.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 20, 1995
Sold by
Cowan B Geraldine
Bought by
Cowan Betty Geraldine
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 Type Sale Price Title Company
Grant Deed $1,550,000 Fidelity National Title
Grant Deed $1,550,000 Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Grant Deed $681,000 Chicago Title Company
Grant Deed $272,500 Chicago Title Company
Interfamily Deed Transfer -- Southland Title Company
Interfamily Deed Transfer -- Southland Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 New Conventional
Closed $650,000 New Conventional
Previous Owner $544,800 New Conventional
Previous Owner $200,000 Negative Amortization
Previous Owner $49,000 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $1,550,000 0.0% $658 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/24/2024 09/24/24 Price Changed $1,550,000 +0.8% $658 / Sq Ft
09/01/2024 09/01/24 Price Changed $1,538,000 0.0% $653 / Sq Ft
09/01/2024 09/01/24 For Sale $1,538,000 -0.8% $653 / Sq Ft
08/13/2024 08/13/24 Off Market $1,550,000 -- --
06/12/2024 06/12/24 For Sale $1,588,000 -- $674 / 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 $11,683 $1,550,000 $1,153,400 $396,600
2024 $11,683 $855,361 $439,613 $415,748
2023 $11,416 $838,591 $430,994 $407,597
2022 $11,084 $822,149 $422,544 $399,605
2021 $10,865 $806,029 $414,259 $391,770
2019 $10,345 $782,123 $401,973 $380,150
2018 $10,045 $766,789 $394,092 $372,697
2016 $9,651 $737,016 $378,790 $358,226
2015 $9,439 $725,947 $373,101 $352,846
2014 $9,339 $711,728 $365,793 $345,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR24118565

California Regional Multiple Listing Service (CRMLS)

APN: 8517-025-021