1625 South Magnolia Avenue

Local assessors in Monrovia, CA have categorized 1625 South Magnolia Avenue as a industrial type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 91,276 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, 2 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 is one full bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1625 South Magnolia Avenue has a total of 58,000 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. 1625 South Magnolia Avenue is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Additional features on the property are as follows. There is a parking lot for those who need a place to park their vehicle. There are 95 available parking spaces so it's a great situation for those with more than one car. 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 masonry 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. The home's a central heating system is the primary heating source. The property was last sold in Aug 26, 2021 for $26,000,000. That's $448.28 per sqft. Prior to that sales transaction, the property was also sold in Mar 25, 2011 for $5,100,000. 1625 South Magnolia Avenue was last assessed in 2021. The total value of the property was assessed at $2,513,624. Specifically, the land the property is located on was valued at $1,595,551. While improvements on the property were assessed at a total of $918,073. 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 $0. 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! 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.