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480 Russell Avenue

480 Russell Avenue, Monterey Park, CA 91755
Property in Monterey Park
Sold Dec 06, 2017
$718,000
$350,000 by Nmsi Inc
Mortgage Due Dec 01, 2047
Sold Aug 02, 2002
$385,000
Buyer
$231,000 by Scme Mtg Bankers Inc
Mortgage Due Aug 01, 2032
480 Russell Avenue in Monterey Park, CA was first built in 1994 and is 30 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 480 Russell Avenue has 1,770 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. In total, the area measurement of the land is 29,139 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 A. 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. 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, 480 Russell Avenue was last sold in Dec 1, 2017 for $718,000. According to our calculations, that's $405.65 per sqft. Prior to that sales transaction, the property was sold for $385,000 in Jul 18, 2002. Current property owners are expected to pay $9,855 in taxes per year. The property on 480 Russell Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $785,234. To break that down further, the land itself was valued at $490,280. While improvements to the property were assessed at a total of $294,954. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,139
  • Total Building Area: 1,770
  • Building Area: 1,770
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,770
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RUSSELL ESTATE
  • Land Acres: 0.669
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TR=49333 LOT 1 CONDO UNIT 1

Ownership

  • Current Owner : ZHANG LIANGLIANG
  • Current Owner 2: WANG RAN
  • Previous Owner : TRAN KEN
  • Owner Before Previous Owner: SHANG HUI FANG
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: MPR2*

Geography

  • Assessors Map Reference: 46-C2
  • Subdivision Tract Number: 49333
  • Parcel: 5259-001-099
  • Lot: 1
  • Municipality: EAST /MONT. PK/ROSEMD
  • Latitude: 34.0566
  • Longitude: -118.119

    Address

  • Full Address: 480 Russell Ave
  • Address - House Number: 480
  • Address - Street Name: Russell
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Monterey Park
  • Carrier Code: C047
  • 4-Digit Zip Code: 3421
  • Zip Code: 91755

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,855
  • Tax Rate Code Area: 01-840

    Appraisal Valuation

  • Standard Deviation: 0.2199
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 856,136
  • High Value: 1,044,448
  • Low Value: 667,823

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: NMSI INC
  • First Open Lien Mortgage Recording Date: Dec 06, 2017
  • First Open Lien Mortgage Loan Amount: $350,000
  • 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: Dec 01, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $785,234
  • Assessed Land Value: $490,280
  • Assessed Improvements Value: $294,954

    Sales

  • Current Sale Contract Date: Dec 01, 2017
  • Current Sale Recording Date: Dec 06, 2017
  • Current Sale Transaction ID: 11325583486
  • Current Sale Price: $718,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-1410988
  • Previous Sale Recording Date: Aug 02, 2002
  • Previous Sale Contract Date: Jul 18, 2002
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: NMSI INC
  • First Mortgage Transaction Date: Dec 06, 2017
  • First Mortgage Loan Amount: $350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: SCME MTG BANKERS INC
  • Previous Mortgage Transaction Date: Aug 02, 2002
  • Previous Mortgage Loan Amount: $231,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2032

About Monterey Park



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Frequently Asked Questions

What neighborhood is 480 Russell Avenue located in?
The 480 Russell Avenue is a located in the neighborhood of Monterey Park in Monterey Park, Monterey Park.
What is the average sales price for listings in 480 Russell Avenue?
The average sales price for units in 480 Russell Avenue is $0 currently.

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