NOT LISTED FOR SALE

87 E Commonwealth Ave Unit 1B Alhambra, CA 91801

Downtown Alhambra Neighborhood

Estimated Value: $783,749 - $828,000

2 Beds
3 Baths
1,650 Sq Ft
$305/mo HOA Fee

Last Sold May 05, 2014

Last sale price $485,000 $294 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $5,131/month

10 Days on Market

Highlights

  • Fitness Center
  • Two Primary Bedrooms
  • Mountain View
  • San Gabriel High School Rated A-
  • 0.79 Acre Lot
  • Clubhouse

About This Home

As of May 2014

THIS IS IT. Come home to the original luxurious and arguably still the best condo community in all Alhambra. Better still, your new home was the original Gateway Walk model home. That means you get the best of everything. No other unit can match the features of your new home: designer paint schemes, mirrored walls and doors, designer flooring, real wood cabinetry, gourmet stainless appliances (the stove even has a special wok feature), Zodiac quartz counters, custom closet cabinetry, decorative border tiling, the works. Your elegant entry features a spiral staircase. High ceilings, two master suites (one with sitting area), and three baths provide for spacious living. Quietly nestled away from streets, you are afforded extra privacy as there is only one shared wall with double-drywall on both sides. You also enjoy a private patio lined by luscious ferns. Well maintained, the community is perfect for entertaining with luscious gardens, barbecue area, outdoor fireplace and seating areas, large clubhouse, and well-equiped fitness center. Conveniently located, you can easily walk to shopping, clubs, theaters, restaurants, library, city hall, post office, courthouse. In Feb, the same floor plan with lesser features was listed at $429,000 and sold for $482,000.

Last Agent to Sell the Property

WESLEY CHEE

UNITED REALTY GROUP License #01415583 Listed on: 03/28/2014

Last Buyer's Agent

Brian Peralez

Coldwell Banker Realty License #01923735

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $305 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Common Roof

Interior Spaces

  • 1,650 Sq Ft Home
  • 4-Story Property
  • High Ceiling
  • ENERGY STAR Qualified Windows
  • Mountain Views
  • Breakfast Bar
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • 3 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • High-Efficiency Water Heater

Additional Features

  • Energy-Efficient HVAC
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 60633
  • Assessor Parcel Number 5345005048

Community Details

Overview

  • 129 Units
  • Gateway Walk Association
  • Built by The Olson Company

Recreation

  • Fitness Center

Additional Features

  • Clubhouse
  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 2006

Lot Details

0

HOA Fees

$305 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Card/Code Access
  • Subdivision Name Other: Gateway Walk
  • View: Yes
  • Zoning: ALCBD/DRD*
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5345005048
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1650.00
  • Interior Amenities: High Ceilings
  • Stories: 4
  • Common Walls: 1 Common Wall, End Unit
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 293.94
  • Room Type: Two Masters
  • Window Features: ENERGY STAR Qualified Windows

Exterior Features

  • View: Mountain(s)
  • Builder Name: The Olson Company
  • Pool Private: No
  • Roof: Common Roof

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: High Efficiency Water Heater
  • Heating Type: Central
  • Laundry Features: In Closet
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Gym/Ex Room
  • Association Fee: 305.00
  • Association Fee Frequency: Monthly
  • Association Name: Gateway Walk
  • Senior Community: No
  • Community Features: Street Lights

Green Features

  • Efficiency: HVAC

Lot Info

  • Lot Size Sq Ft: 34399.00
  • Lot Size Acres: 0.7900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 34399.0000 Square Feet
  • Number Of Units In Community: 129
  • Number Of Units Total: 129

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 60633

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2016
Sold by
Peralez Brian and Peralez Steven
Bought by
Peralez Brian and Peralez Steven
Current Estimated Value
$806,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$331,974
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$474,463

Purchase Details

Closed on
Jun 9, 2016
Sold by
Peralez Brettany
Bought by
Peralez Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Outstanding Balance
$331,974
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$474,463

Purchase Details

Closed on
Jun 8, 2015
Sold by
Peralez Steven L
Bought by
Peralez Steven L and Peralez Brian A

Purchase Details

Closed on
Feb 24, 2015
Sold by
Peralez Anita M
Bought by
Peralez Steven L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2014
Closed on
Apr 29, 2014
Sold by
Peralez Anita
Bought by
Peralez Steven L
Seller's Agent
WESLEY CHEE
UNITED REALTY GROUP
Buyer's Agent
Brian Peralez
Coldwell Banker Realty
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%

Purchase Details

Listed on
Mar 28, 2014
Closed on
Apr 25, 2014
Sold by
Pham John
Bought by
Peralez Steven L
Seller's Agent
WESLEY CHEE
UNITED REALTY GROUP
Buyer's Agent
Brian Peralez
Coldwell Banker Realty
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%

Purchase Details

Closed on
May 18, 2006
Sold by
Olson 737 Alhambra I Llc
Bought by
Pham John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,600
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Peralez Brian -- Ticor Title
Peralez Brian -- Ticor Title
Peralez Steven L -- None Available
Peralez Steven L -- Netco Title Company
Peralez Steven L -- Pacific Coast Title Co
Peralez Steven L $485,000 Pacific Coast Title Company
Pham John $472,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peralez Brian $415,000
Closed Peralez Steven L $375,000
Previous Owner Pham John $377,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2014 05/05/14 Sold $485,000 +7.8% $294 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
03/28/2014 03/28/14 For Sale $450,000 -- $273 / 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 $7,211 $594,533 $369,959 $224,574
2024 $7,211 $582,876 $362,705 $220,171
2023 $7,127 $571,448 $355,594 $215,854
2022 $6,780 $560,244 $348,622 $211,622
2021 $6,705 $549,260 $341,787 $207,473
2019 $6,466 $532,970 $331,650 $201,320
2018 $6,517 $522,521 $325,148 $197,373
2016 $5,984 $502,232 $312,523 $189,709
2015 $5,894 $494,689 $307,829 $186,860
2014 -- $450,000 $312,400 $137,600
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2014

    WESLEY CHEE

    UNITED REALTY GROUP

  • B

    Buyer's Agent in 2014

    Brian Peralez

    Coldwell Banker Realty

    (626) 862-6489

    6 Total Sales

    Brian Peralez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14064584

California Regional Multiple Listing Service (CRMLS)

APN: 5345-005-048

California Los Angeles County Alhambra 91801 Downtown Alhambra

87 E Commonwealth Ave Unit 1B, Alhambra, CA

Not Listed for Sale

Condos

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