NOT LISTED FOR SALE

7665 Graves Ave Rosemead, CA 91770

Estimated Value: $838,000 - $1,379,000

3 Beds
1 Bath
925 Sq Ft
$1,300/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $1,100,000 $1,189 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,631/month

33 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.61 Acre Lot
  • No HOA
  • Monterey Vista Elementary School Rated A-
  • Granite Countertops
  • Bathtub

About This Home

As of November 2021

Investors Welcome! 26,400 square foot parcel of land Zoned RMR2, centrally located in between the 10 fw and 60 fwy and only 7 minutes to The Shops at Montebello and Whittier Narrows. This is your chance to buy a property in this explosive growth with so much potential. The development of this land has endless potential as well. Home features an open concept from living room to kitchen and 3 bedrooms and 1 bath. Most of the value is in the land and the location. With plenty of room for a Dream Home or additional units, this is one parcel worth considering. Property sold as-is. Check With the City or County regarding Subdivision and Zoning. Seller will do a 1031 Exchange at no cost to the buyer. Check out the Drone video.

Last Agent to Sell the Property

BLANCA VEGA

REALTY MASTERS & ASSOCIATES License #01769792 Listed on: 08/24/2021

REALTY MASTERS & ASSOCIATES

Last Buyer's Agent

Huan Jiang

Wetrust Realty License #02015393

Wetrust Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,219

Year Built

  • Built in 1956

Lot Details

  • 0.61 Acre Lot
  • Chain Link Fence
  • Density is up to 1 Unit/Acre
  • Property is zoned RMR2*

Home Design

  • Common Roof

Interior Spaces

  • 925 Sq Ft Home
  • Living Room

Kitchen

  • Free-Standing Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • All Bedrooms Down
  • 1 Full Bathroom
  • Bathtub

Parking

  • Parking Available
  • Driveway

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Montevista Elementary School
  • Garvey Middle School

Additional Features

  • More Than Two Accessible Exits
  • Space Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 4 / 3
  • Tax Tract Number 2714
  • Assessor Parcel Number 5285025059
  • $413 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,219

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel, Paved
  • View: No
  • Zoning: RMR2*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5285025059
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 925.00 Square Feet
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1189.19
  • Room Type: All Bedrooms Down, Living Room
  • Bathroom Features: Bathtub

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free-Standing Range
  • Heating Type: Space Heater
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Schools

  • School District: San Gabriel Unified
  • Elementary School: Montevista
  • Middle School: Garvey
  • Elementary School: Montevista
  • Middle Or Junior School: Garvey
  • Elementary School #2: MONTEV

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 26400
  • Lot Size Sq Ft: 26478.00
  • Lot Size Acres: 0.6079

Multi Family

  • Lease Considered: No
  • Lot Size Area: 26478.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 4825.02
  • Tax Lot: 4
  • Tax Tract Number: 2714
  • TaxOtherAnnualAssessmentAmount: 413.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Nov 15, 2021
Sold by
Sun Xuqiang
Bought by
Li Xiangmei
Seller's Agent
BLANCA VEGA
REALTY MASTERS & ASSOCIATES
Buyer's Agent
Huan Jiang
Wetrust Realty
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Current Estimated Value
$1,177,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,369
Avg. Annual Appreciation
2.42%

Purchase Details

Listed on
Aug 24, 2021
Closed on
Oct 4, 2021
Sold by
Leong Victor and Leong Victor Alber
Bought by
Li Xiangmel
Seller's Agent
BLANCA VEGA
REALTY MASTERS & ASSOCIATES
Buyer's Agent
Huan Jiang
Wetrust Realty
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%

Purchase Details

Closed on
Jun 12, 2019
Sold by
Leong Victor
Bought by
Leong Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 1994
Sold by
Leong Dolly C
Bought by
Leong Stanley S and Leong Steve R
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 Buyer Sale Price Title Company
Li Xiangmei -- Fidelity National Title
Li Xiangmel $1,100,000 Fidelity National Title
Leong Victor -- Westminster Title
Leong Stanley S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Xiangmei $200,000
Closed Li Xiangmei $200,000
Previous Owner Leong Victor $293,000
Previous Owner Leong Victor $285,000
Previous Owner Leong Dolly C $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $1,100,000 0.0% $1,189 / Sq Ft
09/29/2021 09/29/21 Off Market $1,100,000 -- --
09/26/2021 09/26/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $1,150,000 -- $1,243 / 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 $14,219 $1,167,328 $1,114,268 $53,060
2024 $14,219 $1,144,440 $1,092,420 $52,020
2023 $13,679 $1,122,000 $1,071,000 $51,000
2022 $13,012 $1,100,000 $1,050,000 $50,000
2021 $4,114 $317,297 $273,856 $43,441
2019 $3,961 $307,887 $265,734 $42,153
2018 $3,996 $301,851 $260,524 $41,327
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21187092

California Regional Multiple Listing Service (CRMLS)

APN: 5285-025-059