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1516 South Olive Avenue

1516 South Olive Avenue, Alhambra, CA 91803
House in Alhambra
Sold Dec 31, 2019
$800,000
$510,000 by Resmag Inc
Mortgage Due Jul 01, 2050
1516 South Olive Avenue in Alhambra, CA was first built in 1924 and is 100 years old. Although, the building on the property was most recently renovated and altered in 1929. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1516 South Olive Avenue has 2,016 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,340. In total, the area measurement of the land is 6,773 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. The property was last sold in Aug 27, 2019 for $800,000. That's $396.83 per sqft. 1516 South Olive Avenue was last assessed in 2023. The total value of the property was assessed at $840,940. Specifically, the land the property is located on was valued at $588,659. While improvements on the property were assessed at a total of $252,281. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $9,990. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1929
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,773
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,016
  • Building Area: 2,016
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,016
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6129
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 6129 LOT/SEC 175

Ownership

  • Current Owner : CHUNG CINDY
  • Previous Owner : SMALL NELSON E
  • Previous Owner 2: SMALL MARY LOUISE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Alhambra Unified School District
  • Census Tract: 480903

Zoning

  • Zoning: ALRPD*

Geography

  • Assessors Map Reference: 37-B6
  • Subdivision Tract Number: 6129
  • Parcel: 5356-018-028
  • Lot: 175
  • Municipality: EAST /ALHAM SOF MISSN
  • Latitude: 34.0763
  • Longitude: -118.136

    Address

  • Full Address: 1516 S Olive Ave
  • Address - House Number: 1516
  • Street Direction: S
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Alhambra
  • Carrier Code: C030
  • 4-Digit Zip Code: 3156
  • Zip Code: 91803

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,990
  • Tax Rate Code Area: 01-797

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,188,094
  • High Value: 1,453,512
  • Low Value: 922,676

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,000
  • First Open Lien Mortgage Lender: RESMAG INC
  • First Open Lien Mortgage Recording Date: Jul 01, 2020
  • First Open Lien Mortgage Loan Amount: $510,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $840,940
  • Assessed Land Value: $588,659
  • Assessed Improvements Value: $252,281

    Sales

  • Current Sale Contract Date: Aug 27, 2019
  • Current Sale Recording Date: Dec 31, 2019
  • Current Sale Transaction ID: 11713969085
  • Current Sale Price: $800,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-1462789

About Alhambra



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Frequently Asked Questions

What neighborhood is 1516 South Olive Avenue located in?
The 1516 South Olive Avenue is a house located in the neighborhood of Alhambra in Alhambra, Alhambra.
What is the average sales price for listings in 1516 South Olive Avenue?
The average sales price for units in 1516 South Olive Avenue is $0 currently.

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