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342 South Lincoln Avenue

342 South Lincoln Avenue, Monterey Park, CA 91755
Property in Monterey Park
Sold Sep 16, 2021
$1,014,000
$613,800 by Broker Solutions Inc
Mortgage Due Oct 01, 2051
Local assessors in Monterey Park, CA have categorized 342 South Lincoln Avenue as a residential type of property. The home was built in 2015 and is 9 years old. The property's lot size has been calculated to be 9,200 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 342 South Lincoln Avenue has a total of 1,936 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Aug 19, 2021 for $1,014,000. That's $523.76 per sqft. 342 South Lincoln Avenue was last assessed in 2022. The total value of the property was assessed at $1,013,800. Specifically, the land the property is located on was valued at $673,800. While improvements on the property were assessed at a total of $340,000. 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 $12,972. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,200
  • Total Building Area: 1,936
  • Building Area: 1,936
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,936
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARCEL MAP NO 71176
  • Land Acres: 0.211
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: P M 391-21-22 LOT 1 CONDO UNIT 4 (AIRSPACE AND 1/4 INT IN COMMON AREA)

Ownership

  • Current Owner : MAI HUIMING
  • Previous Owner : TAN TONY
  • Previous Owner 2: ZHANG WENJIE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Woman as her sole & separate property

Neighborhood

  • School District Name: Alhambra Unified School District
  • Census Tract: 482201

Zoning

  • Zoning: MPR2YY

Geography

  • Parcel: 5257-020-095
  • Lot: 1
  • Municipality: EAST /MONT. PK/ROSEMD
  • Latitude: 34.0583
  • Longitude: -118.121

    Address

  • Full Address: 342 S Lincoln Ave
  • Address - House Number: 342
  • Street Direction: S
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Monterey Park
  • Carrier Code: C016
  • 4-Digit Zip Code: 3321
  • Zip Code: 91755

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,972
  • Tax Rate Code Area: 01-840

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 70
  • Final Value: 948,279
  • High Value: 1,152,488
  • Low Value: 744,071

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $613,800
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Sep 16, 2021
  • First Open Lien Mortgage Loan Amount: $613,800
  • 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: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,013,800
  • Assessed Land Value: $673,800
  • Assessed Improvements Value: $340,000

    Sales

  • Current Sale Contract Date: Aug 19, 2021
  • Current Sale Recording Date: Sep 16, 2021
  • Current Sale Transaction ID: 11855792386
  • Current Sale Price: $1,014,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1418941

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Sep 16, 2021
  • First Mortgage Loan Amount: $613,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

About Monterey Park



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Frequently Asked Questions

What neighborhood is 342 South Lincoln Avenue located in?
The 342 South Lincoln Avenue is a located in the neighborhood of Monterey Park in Monterey Park, Monterey Park.
What is the average sales price for listings in 342 South Lincoln Avenue?
The average sales price for units in 342 South Lincoln Avenue is $0 currently.

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