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7720 Melrose Avenue

7720 Melrose Avenue, Rosemead, CA 91770
Property in Rosemead
Sold May 04, 2001
$375,000
$250,000 by East West Bank
Mortgage Due Dec 23, 2051
7720 Melrose Avenue in Rosemead, CA was first built in 2001 and is 23 years old. This has been categorized as a residential property type. There are a total of 0 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. 7720 Melrose Avenue has 2,412 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 920. In total, the area measurement of the land is 4,350 square feet.

Learn more about the property and building on this page. 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 C. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7720 Melrose Avenue sold most recently in Apr 30, 2001 for a total of $375,000. If you work out the math, that's approximately a cost of $155.47 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,607 in taxes each year. 7720 Melrose Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $543,106. If we break it down further, the land itself was valued at $175,239. Improvements to the property, however, were assessed at a total of $367,867. The property's total assessed value has been marked as more than the total market value 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,350
  • Lot Size Depth Feet: 920
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,412
  • Building Area: 2,412
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,412
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 47192
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR=47192 EX OF ST LOT 16

Ownership

  • Current Owner : CHEUNG WILLIAM
  • Current Owner 2: CHEUNG KIT CHU
  • Previous Owner : LAU BILL
  • Previous Owner 2: LAU MARY
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Garvey Elementary School District
  • Census Tract: 482502

Zoning

  • Zoning: RMR2*

Geography

  • Assessors Map Reference: 46-E2
  • Subdivision Tract Number: 47192
  • Parcel: 5285-025-043
  • Lot: 16
  • Municipality: EAST /ROSEMEAD
  • Latitude: 34.0558
  • Longitude: -118.101

    Address

  • Full Address: 7720 Melrose Ave
  • Address - House Number: 7720
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Rosemead
  • Carrier Code: C038
  • 4-Digit Zip Code: 3076
  • Zip Code: 91770

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,607
  • Tax Rate Code Area: 03-917

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 1,088,026
  • High Value: 1,338,949
  • Low Value: 837,102

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: EAST WEST BANK
  • First Open Lien Mortgage Recording Date: Jan 05, 2022
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Dec 23, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $543,106
  • Assessed Land Value: $175,239
  • Assessed Improvements Value: $367,867

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 30, 2001
  • Current Sale Recording Date: May 04, 2001
  • Current Sale Transaction ID: 1011125975
  • Current Sale Price: $375,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 01-0770515

    Last Sale Mortgage

  • First Mortgage Lender: DBA BNY MTG
  • First Mortgage Transaction Date: May 04, 2001
  • First Mortgage Loan Amount: $275,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jun 01, 2031

About Rosemead



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Frequently Asked Questions

What neighborhood is 7720 Melrose Avenue located in?
The 7720 Melrose Avenue is a located in the neighborhood of Rosemead in Rosemead, Rosemead.
What is the average sales price for listings in 7720 Melrose Avenue?
The average sales price for units in 7720 Melrose Avenue is $0 currently.

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