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251 May Avenue

251 May Avenue, Monrovia, CA 91016
Property in Monrovia
Refi Oct 12, 2011
Transfer
$750,000 by Generation Mortgage Co
Mortgage
251 May Avenue has been categorized by the local assessors in Monrovia, CA as a residential type of property. The building on the property was first built in 1959 and is 65 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 251 May Avenue has 1,203 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,506 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of wood shake/ shingles. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $1,433 in taxes per year. The property on 251 May Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $76,181. To break that down further, the land itself was valued at $34,623. While improvements to the property were assessed at a total of $41,558. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,506
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,203
  • Building Area: 1,203
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,203
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DORLAND TRACT
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DORLAND TRACT LOT/SEC 22

Ownership

  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monrovia Unified School District
  • Census Tract: 430302

Zoning

  • Zoning: MORL*

Geography

  • Assessors Map Reference: 29-B3
  • Parcel: 8519-029-012
  • Lot: 22
  • Municipality: EAST /MONROVIA N FOOT
  • Latitude: 34.1561
  • Longitude: -117.998

    Address

  • Full Address: 251 May Ave
  • Address - House Number: 251
  • Address - Street Name: May
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Monrovia
  • Carrier Code: C035
  • 4-Digit Zip Code: 2229
  • Zip Code: 91016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,433
  • Tax Rate Code Area: 06-209

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 866,943
  • High Value: 1,066,388
  • Low Value: 667,497

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: GENERATION MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Oct 12, 2011
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $750,000
  • First Open Lien Mortgage Term: 999
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,181
  • Assessed Land Value: $34,623
  • Assessed Improvements Value: $41,558

About Monrovia



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Frequently Asked Questions

What neighborhood is 251 May Avenue located in?
The 251 May Avenue is a located in the neighborhood of Monrovia in Monrovia, Monrovia.
What is the average sales price for listings in 251 May Avenue?
The average sales price for units in 251 May Avenue is $0 currently.

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