tomo logo

$2,185,000

Beds
7
Baths
5.0
sq ft
4,091

150 N Myrtle Ave, Monrovia, CA 91016

150 N Myrtle Ave

Monrovia, CA 91016

  • 31 days on market
This stunning Queen Anne Victorian home, built in 1894 by the Burr family of Monrovia, offers a rare opportunity to own a piece of San Gabriel Valley history. With only two family owners in its remarkable 130-year history, the property has been thoughtfully restored and rebuilt between 1979 and 1986, including new exterior walls, framing, plumbing, electrical, drywall, and plaster, making it as functional and structurally sound as a modern home while retaining its timeless charm. The residence, a registered historical property with the City of Monrovia, has even served as the backdrop for numerous movie and television shoots. Spanning 4,091 square feet, the home features 7 bedrooms, 4.25 bathrooms, and sits on a generous 14,545-square-foot lot. Recent upgrades include a new gourmet kitchen with custom cabinetry and professional-grade appliances, as well as a restored pantry with a prep station. The bathrooms have been lovingly refinished to preserve their historical beauty, with clawfoot tubs and vintage accents, many of which were sourced from England, including elegant porcelain wall-mounted water closets. The foundation was seismically retrofitted in 2023, ensuring the home is as safe as it is stunning.Set among mature oaks and historical trees, including an avocado/apple tree planted by Luther Burbank, the private backyard offers a serene escape perfect for family gatherings, pets, or simply enjoying the outdoors. The expansive lot also provides ample space for a pool or further landscaping. Inside, the home features three gas-burning fireplaces, blending modern comfort with its Victorian-era elegance. The 5-car garage includes a 572-square-foot potential carriage house with plumbing and a framed subfloor, offering limitless possibilities for an ADU, home office, or creative space. With a location just a short walk to downtown Monrovia's boutique shops and restaurants, this turnkey historical gem offers both an extraordinary living experience and the potential for Mills Act tax savings, making it as financially appealing as it is architecturally significant.

Details

Property type

Single Family Residence

Est. home value

$1,697,947

Property condition

Updated/Remodeled

Lot size

0.3339 acres

Price per sq ft

$535

Year built

1894

HOA

No

Price History

11/21/2024
CRMLS

CRMLS #P1-20031

Listed
$2,185,000
+4.05%
10/21/2024
CRMLS

CRMLS #CV24058064

Sold
$2,100,000
-9.74%
10/14/2024
CRMLS

CRMLS #CV24058064

Pending
$2,326,550

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Allstar Financial Services Inc

Loan start date

June 2023

Original loan amount

$1,352,000

Est. remaining balance

Not provided

Interest rate

6.39%

Loan type

Commercial

Seller

The Oakmont Fund Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 8:15 AM

Listing updated: 12/13/2024 at 11:25 AM

Listed by: Don Hillier, Berkshire Hathaway Home Servic Phone #: (626) 440-5100

MLS: CRMLS #P1-20031

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