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3918 Velma Avenue

3918 Velma Avenue, El Monte, CA 91731
Sold Jul 01, 2021
$955,000
$420,000 by Jpmorgan Chase Bank Na
Mortgage
Sold Dec 31, 2012
$590,000
$264,000 by Randall K Mcphillips Etal
Mortgage Due Jan 01, 2018
Local assessors in El Monte, CA have categorized 3918 Velma Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 4,774 square feet. 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, 6 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 9 full bathrooms. There are also 9 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 3918 Velma Avenue has a total of 2,723 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 - D. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3918 Velma Avenue was last sold in May 18, 2021 for $955,000. According to our calculations, that's $350.72 per sqft. Prior to that sales transaction, the property was sold for $590,000 in Dec 14, 2012. Current property owners are expected to pay $14,160 in taxes per year. The property on 3918 Velma Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $974,100. To break that down further, the land itself was valued at $681,360. While improvements to the property were assessed at a total of $292,740. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1940
  • Effective Year Built: 1940
  • Building Count: 2
  • Bedroom Count: 6
  • Bathroom Count: 9
  • Full Bathrooms: 9
  • Partial Bathrooms: 9
  • Building Quality: D
  • Construction Type: Wood
  • Living Units: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,774
  • Total Building Area: 2,723
  • Building Area: 2,723
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,723
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7700
  • Land Acres: 0.11
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT # 7700 S 26.55 FT OF LOT 50 AND N 15.55 FT OF LOT/SEC 51

Ownership

  • Current Owner : CHENG PAUL
  • Current Owner 2: CHENG MARY
  • Previous Owner : WUKMIR RITA G
  • Previous Owner 2: WUKMIR TRUST
  • Owner Before Previous Owner: BUGARIN MARIO

Neighborhood

  • School District Name: El Monte Union High School District
  • Census Tract: 432801

Zoning

  • Zoning: EMR2YY

Geography

  • Assessors Map Reference: 38-D5
  • Subdivision Tract Number: 7700
  • Parcel: 8577-021-006
  • Lot: 50
  • Municipality: EAST
  • Latitude: 34.079
  • Longitude: -118.048

    Address

  • Full Address: 3918 Velma Ave
  • Address - House Number: 3918
  • Address - Street Name: Velma
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: El Monte
  • Carrier Code: C011
  • 4-Digit Zip Code: 1830
  • Zip Code: 91731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,160
  • Tax Rate Code Area: 03-622

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 907,922
  • High Value: 1,108,611
  • Low Value: 707,232

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 01, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $420,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $974,100
  • Assessed Land Value: $681,360
  • Assessed Improvements Value: $292,740

    Sales

  • Current Sale Contract Date: May 18, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Transaction ID: 11841257109
  • Current Sale Price: $955,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1030849
  • Previous Sale Recording Date: Dec 31, 2012
  • Previous Sale Contract Date: Dec 14, 2012
  • Previous Sale Amount: $590,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jul 01, 2021
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: RANDALL K MCPHILLIPS ETAL
  • Previous Mortgage Transaction Date: Dec 31, 2012
  • Previous Mortgage Loan Amount: $264,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2018

About Northwest El Monte



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Nearby Rentals

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3065 Sastre Ave #3065 Sastre Ave # F, El Monte, CA, 91733 Listing by Manager

Frequently Asked Questions

What neighborhood is 3918 Velma Avenue located in?
The 3918 Velma Avenue is a located in the neighborhood of Northwest El Monte in Northwest El Monte, El Monte.
What is the average sales price for listings in 3918 Velma Avenue?
The average sales price for units in 3918 Velma Avenue is $0 currently.

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