NOT LISTED FOR SALE

724 Ocean View Ave Monrovia, CA 91016

Estimated Value: $1,102,000 - $1,257,000

3 Beds
2 Baths
1,628 Sq Ft
$727/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $1,140,000 $700 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,291/month

57 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Central Heating and Cooling System
  • Clifton Middle School Rated A-
  • Foothills
  • Wood Fence

About This Home

As of January 2024

**Subject to Cancellation or Previous Escrow**Charming duplex located on a desirable street in North Monrovia. Main house features a spacious living room with Batchelder fireplace, formal dining room with built-ins, kitchen with breakfast area, two bedrooms and a full bathroom. In addition there are hardwood floors, new light fixtures, a single car garage, private yard and a new roof on house and garage. The detached one bedroom, full bath rear unit offers a living room, kitchen, split system A/C unit, private yard and a single car garage.

Last Agent to Sell the Property

Espi Bagwell

Keller Williams Realty License #01168881 Listed on: 09/07/2023

Keller Williams Realty

Co-Listed By

Amanda Arroyo

Keller Williams Realty License #01890828

Last Buyer's Agent

Donna Baker

JohnHart Corp. License #01308772

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,099

Year Built

  • Built in 1923

Lot Details

  • 9,625 Sq Ft Lot
  • No Common Walls
  • Wood Fence

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,628 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Gas Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 15 / B
  • Assessor Parcel Number 8518042004
  • $761 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Foothills

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,099

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 570000
  • Property Attached: No
  • Zoning: MORM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8518042004
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 700.25
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: In Garage, In Kitchen, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9625.00
  • Lot Size Acres: 0.2210

Multi Family

  • Average1 Bed Area: 548 Square Feet
  • Average2 Bed Area: 1080 Square Feet
  • Lot Size Area: 9625.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: B
  • Tax Census Tract: 4303.01
  • Tax Lot: 15
  • Tax Tract Number: 00000
  • TaxOtherAnnualAssessmentAmount: 761.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Jan 3, 2024
Sold by
Duncan Cheryl and Fitzpatrick Marlene
Bought by
Duncan Cheryl and Fitzpatrick Marlene
Seller's Agent
Espi Bagwell
Keller Williams Realty
Buyer's Agent
Donna Baker
JohnHart Corp.
List Price
$1,140,000
Sold Price
$1,140,000
Views
94
Current Estimated Value
$1,182,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,960
Avg. Annual Appreciation
2.35%
Original Mortgage
$640,000
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 7, 2023
Closed on
Dec 20, 2023
Sold by
Richard Eugene Tipping Living Trust
Bought by
Duncan Cheryl and Fitzpatrick Marlene
Seller's Agent
Espi Bagwell
Keller Williams Realty
Buyer's Agent
Donna Baker
JohnHart Corp.
List Price
$1,140,000
Sold Price
$1,140,000
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2023
Sold by
Tipping Richard
Bought by
Richard Eugene Tipping Living Trust and Tipping

Purchase Details

Closed on
Mar 12, 2013
Sold by
Tipping Kristen
Bought by
Tipping Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2010
Sold by
Ralles John
Bought by
Ralles John and John Ralles Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,500
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2009
Sold by
Ralles John R
Bought by
Ralles John and John Ralles Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
8.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 15, 2003
Sold by
Murdock Brian Charles and Murdock Marni Tam
Bought by
Ralles John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.44%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 21, 2001
Sold by
Murdock Brian Charles and Murdock Marni Tam
Bought by
Murdock Brian Charles and Murdock Marni Tam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.09%

Purchase Details

Closed on
Jul 9, 1999
Sold by
Schilling Robert S and Schilling Joan C
Bought by
Murdock Brian and Tam Marni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.56%
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
Duncan Cheryl -- None Listed On Document
Duncan Cheryl $1,140,000 Chicago Title
Richard Eugene Tipping Living Trust -- None Listed On Document
Tipping Richard -- Lawyers Title
Tipping Richard $540,005 Lawyers Title
Ralles John -- Accommodation
Ralles John -- Lawyers Title
Ralles John -- None Available
Ralles John R $450,000 Commonwealth Land Title Co
Murdock Brian Charles -- Old Republic Title Company
Murdock Brian $290,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duncan Cheryl $646,000
Previous Owner Duncan Cheryl $640,000
Previous Owner Tipping Richard $1,000,000
Previous Owner Tipping Richard $373,000
Previous Owner Tipping Richard $365,000
Previous Owner Tipping Richard $355,350
Previous Owner Tipping Richard $1,000,000
Previous Owner Tipping Richard $1,000,000
Previous Owner Tipping Richard $1,000,000
Previous Owner Tipping Richard $378,000
Previous Owner Ralles John $361,500
Previous Owner Ralles John $25,000
Previous Owner Ralles John R $375,000
Previous Owner Ralles John R $360,000
Previous Owner Murdock Brian Charles $255,000
Previous Owner Murdock Brian $232,000
Closed Murdock Brian $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $1,140,000 0.0% $700 / Sq Ft
11/03/2023 11/03/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $1,140,000 0.0% $700 / Sq Ft
09/26/2023 09/26/23 Off Market $1,140,000 -- --
09/07/2023 09/07/23 For Sale $1,140,000 -- $700 / 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 $9,099 $981,767 $586,345 $395,422
2024 $9,099 $648,974 $504,761 $144,213
2023 $8,893 $636,250 $494,864 $141,386
2022 $8,639 $623,775 $485,161 $138,614
2021 $8,471 $611,546 $475,649 $135,897
2020 $8,217 $605,276 $470,772 $134,504
2019 $8,074 $593,409 $461,542 $131,867
2018 $7,867 $581,775 $452,493 $129,282
2016 $7,568 $559,186 $434,923 $124,263
2015 $7,404 $550,788 $428,391 $122,397
2014 $7,335 $540,000 $420,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23167933

California Regional Multiple Listing Service (CRMLS)

APN: 8518-042-004