NOT LISTED FOR SALE

85 E Commonwealth Ave Unit 2E Alhambra, CA 91801

Downtown Alhambra Neighborhood

Estimated Value: $758,000 - $787,000

2 Beds
2 Baths
1,350 Sq Ft
$364/mo HOA Fee

Last Sold October 26, 2020

Last sale price $630,000 $467 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,369/month

9 Days on Market

Highlights

  • Fitness Center
  • Mountain View
  • Balcony
  • San Gabriel High School Rated A
  • End Unit
  • Walk-In Closet

About This Home

As of October 2020

Convenience is the word of the day. This complex is centrally positioned in downtown Alhambra.

Last Agent to Sell the Property

Jerry Sun

RE/MAX Premier Properties License #01338788 Listed on: 09/01/2020

RE/MAX Premier Properties

Last Buyer's Agent

BINH DANG

PACIFIC ASIA GRP RLTY, INC. License #01360365

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,193

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $364 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 1,350 Sq Ft Home
  • Living Room
  • Mountain Views
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Balcony
  • Exterior Lighting

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 60633
  • Assessor Parcel Number 5345005088

Community Details

Overview

  • 129 Units
  • Gateway Walk Association, Phone Number (562) 308-3286
  • Associa Management HOA
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Recreation Room

Recreation

  • Fitness Center

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,193

Year Built

Built in 2006

Lot Details

0

HOA Fees

$364 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: ALCBD/DRD*
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5345005088
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1350.00 Square Feet
  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall, End Unit
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 466.67
  • Room Type: Kitchen, Living Room, Master Bedroom, Walk-In Closet
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Gym/Ex Room, Recreation Room, Maintenance Grounds, Trash
  • Association Fee: 364.00
  • Association Fee Frequency: Monthly
  • Association Name: Gateway Walk
  • Phone: 562-308-3286
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
  • Association Management: Associa Management

Schools

  • School District: Alhambra

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 29580.00
  • Lot Size Acres: 0.6791

Multi Family

  • Lease Considered: No
  • Lot Size Area: 29580.0000 Square Feet
  • Number Of Units In Community: 129
  • Number Of Units Total: 129

Tax Info

  • Tax Census Tract: 4810.02
  • Tax Lot: 1
  • Tax Tract Number: 60633

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 5, 2020
Sold by
Chen Raymond W and Wu Shang
Bought by
Tang Michelle Long Yee
Seller's Agent
Jerry Sun
RE/MAX Premier Properties
Buyer's Agent
BINH DANG
PACIFIC ASIA GRP RLTY, INC.
List Price
$618,000
Sold Price
$630,000
Premium/Discount to List
$12,000
1.94%
Total Days on Market
9
Current Estimated Value
$793,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,072
Avg. Annual Appreciation
4.39%
Original Mortgage
$504,000
Outstanding Balance
$449,510
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$325,455

Purchase Details

Closed on
May 31, 2016
Sold by
Chen Raymond W
Bought by
Chen Raymond W and Wu Shang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2006
Sold by
Olson 737 Alhambra I Llc
Bought by
Chen Raymond W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,150
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac
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
Tang Michelle Long Yee $630,000 Wfg National Title Company
Chen Raymond W -- Provident Title Company
Chen Raymond W $495,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Michelle Long Yee $504,000
Previous Owner Chen Raymond W $348,500
Previous Owner Chen Raymond W $357,000
Previous Owner Chen Raymond W $384,000
Previous Owner Chen Raymond W $396,150
Previous Owner Chen Raymond W $396,150
Previous Owner Chen Raymond W $396,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $630,000 +1.9% $467 / Sq Ft
09/01/2020 09/01/20 For Sale $618,000 -- $458 / 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 $8,193 $681,929 $468,475 $213,454
2024 $8,193 $668,559 $459,290 $209,269
2023 $8,088 $655,451 $450,285 $205,166
2022 $7,690 $642,600 $441,456 $201,144
2021 $7,609 $630,000 $432,800 $197,200
2019 $7,203 $606,642 $364,084 $242,558
2018 $6,927 $566,000 $339,000 $227,000
2016 $5,263 $446,000 $267,000 $179,000
2015 $4,978 $421,000 $252,200 $168,800
2014 $5,005 $421,000 $252,200 $168,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20176724

California Regional Multiple Listing Service (CRMLS)

APN: 5345-005-088