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735 Norumbega Drive

735 Norumbega Drive, Monrovia, CA 91016
Property in Monrovia
Sold Jun 07, 2021
$1,900,000
$400,000 by Tj Financial Inc
Mortgage Due Jan 01, 2052
Sold May 09, 2019
$1,900,000
735 Norumbega Drive 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 2017 and is 7 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. In addition, 735 Norumbega Drive has 4,716 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 830 ft. The area measurement of the land has been determined as 13,002 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. According to our sources, there is one available parking space. 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 inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 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, 735 Norumbega Drive was last sold in May 4, 2021 for $1,900,000. According to our calculations, that's $402.88 per sqft. Prior to that sales transaction, the property was sold for $1,900,000 in May 1, 2019. Current property owners are expected to pay $25,124 in taxes per year. The property on 735 Norumbega Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,976,759. To break that down further, the land itself was valued at $915,656. While improvements to the property were assessed at a total of $1,061,103. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 13,002
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 830
  • Total Building Area: 4,716
  • Building Area: 4,716
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 4,716
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORUMBEGS
  • Land Acres: 0.299
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORUMBEGA TRACT LOT COM AT MOST N COR OF LOT 18 TH N 60 41'30 W 89.41 FT TH S47 22'20 W TO NE LINE OF NORUMBEGA DR TH SE THEREON TO A PT S 47 29' W FROM BEG TH N 47 29' E TO BEG PART OF LOT 17

Ownership

  • Current Owner : CHENG RICK WEITE
  • Current Owner 2: TSENG KUANWEI
  • Previous Owner : LITTLE JOHN PROPERTIES LLC
  • Owner Before Previous Owner: BAMBOO DEVELOPMENT 735 LLC
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monrovia Unified School District
  • Census Tract: 430301

Zoning

  • Zoning: MORF*

Geography

  • Assessors Map Reference: 29-C2
  • Parcel: 8523-003-009
  • Lot: 18
  • Municipality: EAST /MONROVIA N FOOT
  • Latitude: 34.1599
  • Longitude: -117.986

    Address

  • Full Address: 735 Norumbega Dr
  • Address - House Number: 735
  • Address - Street Name: Norumbega
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Monrovia
  • Carrier Code: C024
  • 4-Digit Zip Code: 1816
  • Zip Code: 91016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,124
  • Tax Rate Code Area: 06-218

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 2,003,416
  • High Value: 2,377,051
  • Low Value: 1,629,781

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: TJ FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Dec 21, 2021
  • First Open Lien Mortgage Loan Amount: $400,000
  • 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: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,976,759
  • Assessed Land Value: $915,656
  • Assessed Improvements Value: $1,061,103

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Transaction ID: 11837690630
  • Current Sale Price: $1,900,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0895388
  • Previous Sale Recording Date: May 09, 2019
  • Previous Sale Contract Date: May 01, 2019
  • Previous Sale Amount: $1,900,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: TJ FINANCIAL INC
  • First Mortgage Transaction Date: Jun 07, 2021
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Monrovia



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Nearby Rentals

Unit for rent at 436 N Myrtle Avenue, Monrovia, CA, 91016

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
436 N Myrtle Avenue, Monrovia, CA, 91016 Listing by Anita Wong

Frequently Asked Questions

What neighborhood is 735 Norumbega Drive located in?
The 735 Norumbega Drive is a located in the neighborhood of Monrovia in Monrovia, Monrovia.
What is the average sales price for listings in 735 Norumbega Drive?
The average sales price for units in 735 Norumbega Drive is $0 currently.

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