NOT LISTED FOR SALE

740 S Lincoln Ave Monterey Park, CA 91755

Estimated Value: $1,180,000 - $1,687,000

6 Beds
3.5 Baths
3,303 Sq Ft
$440/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $962,000 $291 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,835/month

35 Days on Market

Highlights

  • Primary Bedroom Suite
  • Panoramic View
  • Maid or Guest Quarters
  • Repetto Elementary School Rated A-
  • 0.34 Acre Lot
  • Wood Flooring

About This Home

As of October 2015

Location! Location! Location! Rare opportunity to own this remodeled home in a quiet neighborhood of Monterey Park Hills. Perched on a hill-top, this home offers inspiring city and mountain views from every room. The over-sized 14,000+ sq. ft. lot has a two-tiered backyard that is large enough to accommodate your organic garden, basketball court, or playground. The home is spacious with plenty of natural light. The open floor plan allows for a great room and a side-wing that can function as a mother-in-law quarters with its own living space and bathroom. This home features 6 bedrooms and 3.5 baths, with 2 bedrooms located on the ground floor. The over-sized master bedroom offers panoramic city views. Sharp curb appeal with mature landscaping in front and mature fruit trees in the rear yard. Centrally located to award winning schools in the prestigious Alhambra Unified School District, and walking distance to California Distinguished Elementary School and Garvey Ranch Park. Conveniently located to parks and restaurants, with easy access to 10 & 60 freeways.

Last Agent to Sell the Property

Scott Kato

Circle Real Estate License #01363148 Listed on: 07/09/2015

Circle Real Estate

Last Buyer's Agent

Scott Kato

Circle Real Estate License #01363148 Listed on: 07/09/2015

Circle Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,803

Year Built

  • Built in 1994

Lot Details

  • 0.34 Acre Lot
  • Landscaped
  • Paved or Partially Paved Lot
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Three Garage Doors

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Mountain
  • Hills

Interior Spaces

  • 3,303 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entryway
  • Great Room
  • Family Room Off Kitchen
  • Living Room
  • Den with Fireplace
  • Breakfast Bar

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Maid or Guest Quarters

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 129
  • Tax Tract Number 17447
  • Assessor Parcel Number 5264018033

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,803

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5264018033
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3303.00
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Eating Area: Breakfast Counter / Bar, Family Kitchen
  • Fireplace Features: Den
  • Levels: Two
  • Price Per Square Foot: 291.25
  • Room Type: Den, Entry, Family Room, Guest/Maid's Quarters, Great Room, Jack & Jill, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Closet, Separate Family Room, Office

Exterior Features

  • Patio: Yes
  • View: City Lights, Hills, Mountain(s), Panoramic, Trees/Woods
  • Patio And Porch Features: Front Porch, Patio
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Garage, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Forced Air
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Front Yard, Lawn, Landscaped, Lot 10000-19999 Sqft, Paved, Yard
  • Lot Size Sq Ft: 14601.00
  • Price Per Lot Square Foot: 65.89
  • Lot Size Acres: 0.3350

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14601.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 129
  • Tax Tract Number: 17447

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2017
Sold by
Pan Menglin
Bought by
Pan Menglin and Pan Zhongren
Current Estimated Value
$1,452,237

Purchase Details

Listed on
Jul 9, 2015
Closed on
Aug 17, 2015
Sold by
Miyaji Nobuo
Bought by
Pan Menglin and Pan Zhongren
Seller's Agent
Scott Kato
Circle Real Estate
Buyer's Agent
Scott Kato
Circle Real Estate
List Price
$999,900
Sold Price
$962,000
Premium/Discount to List
-$37,900
-3.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.17%

Purchase Details

Closed on
Mar 28, 2012
Sold by
Inanaga Glenn T and Inanaga Michiko Miyaji
Bought by
Miyaji Nobuo and Miyaji Yoshiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2010
Sold by
Inanaga Glenn T and Inanaga Michiko Miyaji
Bought by
Inanaga Glenn T and Inanaga Michiko Miyaji

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2002
Sold by
Miyaji Nobuo and Miyaji Yoshiko
Bought by
Inanaga Glenn T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.24%
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
Pan Menglin -- None Available
Pan Menglin $962,000 Ticor Title
Miyaji Nobuo -- Fidelity National Title Co
Inanaga Glenn T -- Fidelity Van Nuys
Inanaga Glenn T -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miyaji Nobuo $417,000
Previous Owner Inanaga Glenn T $336,000
Previous Owner Inanaga Glenn T $220,000
Closed Inanaga Glenn T $27,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2015 10/01/15 Sold $962,000 -3.8% $291 / Sq Ft
08/13/2015 08/13/15 Pending -- -- --
07/09/2015 07/09/15 For Sale $999,900 -- $303 / 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 $14,803 $1,138,805 $628,474 $510,331
2024 $14,803 $1,116,476 $616,151 $500,325
2023 $14,504 $1,094,585 $604,070 $490,515
2022 $13,813 $1,073,124 $592,226 $480,898
2021 $13,645 $1,052,083 $580,614 $471,469
2019 $13,158 $1,020,880 $563,394 $457,486
2018 $13,176 $1,000,864 $552,348 $448,516
2016 $12,147 $962,000 $530,900 $431,100
2015 $7,037 $540,808 $222,960 $317,848
2014 $6,946 $530,215 $218,593 $311,622
Source: Public Records

Agents Affiliated with this Home

  • Scott Kato

    Seller's Agent in 2015

    Scott Kato

    Circle Real Estate

    (562) 521-9022

    66 Total Sales

    Scott Kato
    Section Image
  • Ray Miramontes

    Buyer Co-Listing Agent in 2015

    Ray Miramontes

    Circle Real Estate

    (562) 343-3099

    94 Total Sales

    Ray Miramontes
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15149264

California Regional Multiple Listing Service (CRMLS)

APN: 5264-018-033

California Los Angeles County Monterey Park 91755

740 S Lincoln Ave, Monterey Park, CA

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