$425,000
SOLD FEB 21, 2013

721 W Lemon Ave Monrovia, CA 91016

4 Beds
2 Baths
1,759 Sq Ft
6,065 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

13% Below List Price

32 Days on Market

About This Home

As of February 2013

This home is located at 721 W Lemon Ave, Monrovia, CA 91016 and is currently priced at $425,000, approximately $241 per square foot. This property was built in 1949. 721 W Lemon Ave is a home located in Los Angeles County with nearby schools including Monroe Elementary School, Santa Fe Computer Science Magnet, and Monrovia High School.

Last Agent to Sell the Property

Gerda White

Century 21 Ludecke Inc. License #01125321 Listed on: 03/07/2013

Last Buyer's Agent

YIN-HUA CHIA

IRN REALTY License #01891946

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,643

Year Built

  • Built in 1949

Lot Details

  • 6,065 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,759 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 8505022014

Community Details

Overview

  • 2 Units
  • Foothills

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $960
  • Gardener Expense $900
  • Insurance Expense $1,080
  • Trash Expense $900
  • Water Sewer Expense $200
  • New Taxes Expense $5,112
  • Gross Income $2,200
  • Net Operating Income $15,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,643

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 626-290-3729
  • Property Attached: Yes
  • Water Sewer Expenses: 200.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 8505022014
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 241.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6065.00
  • Lot Size Acres: 0.1390

Multi Family

  • Electric Expense: 960.00
  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 1080.00
  • Lot Size Area: 6065.0000 Square Feet
  • Net Operating Income: 15388.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11212.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5112.00
  • Tax Lot: 0000
  • Tax Tract Number: 00000
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2016
Sold by
Vonadam Chih Lung
Bought by
Lemonrovia Llc
Current Estimated Value
$1,131,444

Purchase Details

Closed on
Jul 22, 2016
Sold by
Vonadam Chih Lung
Bought by
Vonadam Chih Lung and Chia Yin Hua

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
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2014
Sold by
Vonadam Chih Lung
Bought by
Von & Chia Family Trust

Purchase Details

Listed on
Mar 7, 2013
Closed on
Jan 28, 2013
Sold by
Pointer Steven Lee
Bought by
Vonadam Chih Lung and Chia Yin Hua
Seller's Agent
Gerda White
Century 21 Ludecke Inc.
Buyer's Agent
YIN-HUA CHIA
IRN REALTY
List Price
$489,000
Sold Price
$425,000
Premium/Discount to List
-$64,000
-13.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$318,750
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 1998
Sold by
Klein Frank F
Bought by
Klein Frank Franz and Revocable Trust Of Frank Franz Klein
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 Type Sale Price Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- Equity Title
Interfamily Deed Transfer -- None Available
Grant Deed $425,000 Fatcola
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 New Conventional
Previous Owner $318,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2013 04/16/13 Rented $1,600 -5.9% --
04/16/2013 04/16/13 Under Contract -- -- --
04/08/2013 04/08/13 For Rent $1,700 0.0% --
02/21/2013 02/21/13 Sold $425,000 -13.1% $242 / Sq Ft
12/16/2012 12/16/12 Pending -- -- --
11/14/2012 11/14/12 For Sale $489,000 -- $278 / 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 $10,643 $783,389 $313,355 $470,034
2024 $10,643 $768,029 $307,211 $460,818
2023 $10,402 $752,971 $301,188 $451,783
2022 $10,103 $738,208 $295,283 $442,925
2021 $9,906 $723,735 $289,494 $434,241
2019 $9,437 $702,270 $280,908 $421,362
2018 $9,164 $688,500 $275,400 $413,100
2017 $6,209 $450,939 $344,836 $106,103
2016 $6,083 $442,098 $338,075 $104,023
2015 $5,952 $435,458 $332,997 $102,461
2014 $5,898 $426,929 $326,475 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13038701

California Regional Multiple Listing Service (CRMLS)

APN: 8505-022-014