Current Value Assessment
PREPARED EXCLUSIVELY FOR:
Marilyn --
The following is an updated (9/26/24) Current Value Assessment of your property based on current market conditions, comparable homes in the complex, and what I believe your home could sell for with the implementation of a high-end marketing strategy.
The next page is your Tax Record followed by the comparables I used in this analysis to come up with my assessment, what the Internet believes your home to be worth, and finally what I believe your home could possibly sell for. I’ve also included some info about me and my team if you’d like to know more about us.
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TAX RECORD
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THE COMPARATIVE MARKET ANALYSIS
No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That's where the Comparative Market Analysis, or CMA, is most useful.
What is a CMA?
The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data such as type of home, number of bedrooms, number of baths, lot size, neighborhood, property condition and features, and many other factors. The purpose is to show estimated market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.
How is the CMA created?
CMAs are generated by using property information from your real estate agent's Multiple Listing Service (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service's public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers, and buyer's agents create them for their buyers so both sides know what current market conditions are for the homes they're interested in comparing.
How accurate are CMAs?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing — new listings, pending sales, closed sales, price reductions, and expired listings. CMAs can vary widely, depending on the knowledge and skill of the person creating the CMA as well as the number and type of data fields that are chosen.
How can CMAs vary?
CMAs can vary widely, depending on the knowledge and expertise of the person inputting the search parameters. They also may vary between identical homes in that one property may simply offer better “curb appeal” or is in better condition that the other. Lastly, buyer and seller motivation can’t be quantified. It is typically impossible to say why a seller agreed to take less for their home or why a buyer paid more for another home. Family problems, corporate relocations and other reasons all play a role. What you can learn from the CMA is how long a home took to sell. If it was quick, the seller was highly motivated. If it didn’t, it was probably overpriced.
THE COMPARATIVE MARKET ANALYSIS
Is a CMA the same as an Appraisal?
No. Although the CMA is used to help determine current market value, it does not establish the seller's home value. A bank appraisal, on the other hand, is a professional determination of a home's value. The appraisal is completed by a licensed Appraiser, using guidelines established by the Federal Housing Finance Agency, which regulates federal housing loan guarantors such as FHA, VA and housing loan purchasers Fannie Mae and Freddie Mac. An appraisal is a comprehensive look at a home's location, condition, and eligibility for federal guarantees. For example, a home that doesn't meet safety requirements such as handrails on steps will not be eligible for FHA or VA loans until the handrail is installed or repaired. Appraisers use the same data in their market research to find comparable homes as real estate agents. While they are also members of the MLS, they also have additional guidelines from the bank to follow that minimize risk to the bank. They will take into consideration — and can adjust values to reflect — the speed of the market and whether prices are rising or falling. When the appraisal is finished, the bank makes the decision to fund the loan, or it may require the seller to fix certain items and show proof that the repairs have been made before letting the loan proceed. If the loan doesn't meet lending guidelines, the bank will decline the loan.
And is my home worth what the Internet says?
In short — maybe? Many homeowners like to visit sites like Zillow, REDFIN, etc., to see what their home is worth. What they fail to understand is that most of those sites have an 8% - 12% margin of error which means a home worth $400,000 could be worth anywhere between $360,000 and $440,000 and that’s if we only use a 10% margin of error. That is quite the large window!
Estimating a home’s market value is far from an exact science. These sites contract with major title companies to obtain county tax roll data which they combine with data obtained from the MLS, push it through their algorithm and bingo! You have your “Zestimate”!!
On February 29, 2016, then Zillow CEO Spencer Rascoff sold a Seattle home for $1.05 million, 40 percent less than the Zestimate of $1.75 million shown on its property page a day later.
YOUR COMPARATIVE MARKET ANALYSIS
Comparative Market Analysis
1449 North Armel Drive, Covina, California 91722
SEPTEMBER 26, 2024
Marilyn DeFresne
Chris Taylor
Keller Williams Luxury International
Summary of Comparable Properties
S SOLD LISTINGS
Analysis
Chris Taylor
Keller Williams Luxury International
Chris Taylor
Sqft.
Comparable homes sold for an average of $513 / sq. ft. Many factors such as location, use of space, condition, quality, and amenities determine the market value per square foot, so reviewing each comp carefully is important.
Listings
Chris Taylor
Keller Williams Luxury International
$849,900 4 Beds 2.00 Baths 1,741.0 Sq. Ft. ($488 / sqft)
PENDING 8/20/24
Details
Prop Type: Single Family
Residence
County: Los Angeles
Area: 614 - Covina
Full baths: 2.0
Features
Association Y N: No
Attached Garage Y/N: Y
Community Features: Street Lights, Suburban
Contract Status Change
Date: 2024-08-20T00:00:00
Cooling: Central Air
Elevation Units: Feet
Interior Features: Open
Floorplan, Quartz Counters
Land Fee/Land Lease: Fee Levels: One
Acres: 0.1407
Lot Size (sqft): 6,130
Garages: 2
List date: 7/29/24
Listing Terms: Cal Vet Loan, Cash, Cash To New Loan, Conventional, FHA, Submit, VA Loan
Lot Features: Back Yard, Front Yard, Lot 6500-9999
Main Level Bedrooms: 4
Parking Total: 2
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Year Built 1954 Days on market: 22
Pending date: 8/20/24
Off-market date: 8/20/24
Updated: Aug 20, 2024 7:22 AM
List Price: $849,900
Orig list price: $849,900
School District: Covina Valley Unified
Property Condition: Turnkey
Bathroom Features: Shower in Tub
Kitchen Features: Kitchen Island, Quartz Counters, Remodeled Kitchen
Room Type: Living Room, Primary Bathroom, Primary Bedroom, Primary Suite
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: None
Special Listing Conditions: Standard
View: None
Virtual Tour: View
Water Source: Public
Year Built Source: Public Records
Zoning: CVR17500*
Remarks
Welcome to your dream home in the heart of Covina! This remodeled 4-bedroom, 2-bathroom residence offers modern living at its finest. As you step inside, youll be greeted by a bright and inviting dining room that flows seamlessly into the open-concept living area, featuring a cozy fireplace and plenty of natural light illuminating the brand-new floors.
The large primary suite is a true retreat, with a luxurious en-suite bathroom featuring a bathtub and a single vanity sink. Three additional bedrooms share a second full bathroom, perfect for family or guests.
The beautifully updated kitchen has been remodeled, boasting new stainless steel appliances, quartz countertops, and ample cabinet space. Freshly painted interiors enhance the homes modern aesthetic. The newer roof and fully paid-off solar system offer added peace of mind and energy efficiency
The backyard provides a blank canvas, ready for you to create your own outdoor oasis. Additional features include a twocar garage and central air conditioning.
Conveniently located close to major freeways, this home offers easy access to top-rated schools, shopping, and dining. Dont miss the opportunity to make this Covina gem your own!
Courtesy of ALIGN HOMES
Information is deemed reliable but not guaranteed.
Chris Taylor
$655,000 3 Beds 2.00 Baths 1,433.0 Sq. Ft. ($457 / sqft)
CLOSED 5/31/24
Details
Prop Type: Single Family
Residence
County: Los Angeles
Area: 614 - Covina
Full baths: 2.0
Features
Association Y N: No
Attached Garage Y/N: Y
Community Features: Curbs, Gutters
Construction Materials: Stucco
Contract Status Change
Date: 2024-05-31T00:00:00
Cooling: Wall/Window Unit(s)
Elevation Units: Feet
Acres: 0.1363
Lot Size (sqft): 5,938
Garages: 2
List date: 5/15/24
Flooring: Carpet, Vinyl
Foundation Details: Slab
Heating: Wall Furnace
Land Fee/Land Lease: Fee
Levels: One
Listing Terms: Cash, Cash To New Loan, Conventional
Lot Features: Level with Street
Main Level Bedrooms: 3
Year Built 1954 Days on market: 6
Photo not available
Sold date: 5/31/24
Off-market date: 5/31/24
Updated: May 31, 2024 5:54 AM
List Price: $650,000
Orig list price: $650,000
School District: Covina Valley Unified
Parking Total: 2
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Property Condition: Fixer
Roof: Composition
Bathroom Features: Shower in Tub
Room Type: Living Room
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: None
Special Listing Conditions: Standard
View: None
Water Source: Public
Year Built Source: Assessor
Remarks
This home needs some TLC and is sold as-is. It features 3 bedrooms and 2 bathrooms, offering a great layout for your renovation ideas. Enjoy the convenience of a 2-car attached garage. This property presents an excellent opportunity for those looking to invest in a fixer-upper. Don't miss the chance to make this house your own!
Courtesy of CENTURY 21 MARTY RODRIGUEZ
Information is deemed reliable but not guaranteed.
Chris Taylor
$660,000 3 Beds 2.00 Baths 1,433.0 Sq. Ft. ($461 / sqft)
CLOSED 5/10/24
Details
Prop Type: Single Family
Residence
County: Los Angeles
Area: 614 - Covina
Full baths: 1.0
Features
Association Y N: No
Attached Garage Y/N: Y
Community Features: Curbs
Contract Status Change
Date: 2024-05-10T00:00:00
Cooling: See Remarks
Elevation Units: Feet
Land Fee/Land Lease: Fee
Remarks
Year Built 1954 Days on market: 39
CONSERVATORSHIP AUCTION!!! GREAT OPPORTUNITY TO BUY A 3 BEDROOM, 1 BATHROOM FIXER HOME WITH A 2 CAR ATTACHED GARAGE IN COVINA. THE HOME FEATURES A LIVING ROOM, KITCHEN AND DINING AREA. POSSIBLE Photo not available
3/4 Baths: 1.0
Acres: 0.1393
Lot Size (sqft): 6,066
Garages: 2
List date: 12/28/23
Sold date: 5/10/24
Off-market date: 2/5/24
Updated: May 10, 2024 8:49 AM
List Price: $693,500
Orig list price: $449,000
School District: Other
Levels: One
Listing Terms: Cash To New Loan
Lot Features: Level with Street
Main Level Bedrooms: 3
Parking Total: 2
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Room Type: All Bedrooms Down
Senior Community Yes/No: No
Sewer: Unknown
Special Listing Conditions: Conservatorship
View: None
Water Source: Public
Year Built Source: Assessor
ISSUES WITH WATER SUPPLY LINES AND SEWER LINES. CLOSE TO SCHOOLS AND SHOPPING.
Courtesy of Flans & Weiner, Inc. Information is deemed reliable but not guaranteed.
Chris Taylor Keller Williams Luxury International
$773,850 4 Beds 2.00 Baths 1,433.0 Sq. Ft. ($540 / sqft)
CLOSED 7/26/24
Details
Prop Type: Single Family Residence
County: Los Angeles
Area: 614 - Covina
Full baths: 2.0
Features
Accessibility Features: 2+
Access Exits
Association Y N: No
Attached Garage Y/N: Y
Community Features: Biking, Sidewalks, Street Lights
Construction Materials: Drywall Walls, Plaster
Contract Status Change
Date: 2024-07-26T00:00:00
Cooling: Central Air, Gas
Elevation Units: Feet
Flooring: Laminate
Acres: 0.142
Lot Size (sqft): 6,187
Garages: 2
List date: 5/13/24
Heating: Central
Interior Features: Beamed Ceilings, Pantry
Land Fee/Land Lease: Fee
Levels: One
Listing Terms: Cash, Cash To New Loan, Conventional
Lot Features: 0-1 Unit/Acre, Back Yard
Main Level Bedrooms: 4
Parking Total: 2
Patio And Porch Features: Concrete
Year Built 1955 Days on market: 39
Sold date: 7/26/24
Off-market date: 6/23/24
Updated: Jul 26, 2024 9:24 AM
List Price: $789,500
Orig list price: $790,000
School District: Covina Valley Unified
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Road Surface Type: Paved
Roof: Composition
Bathroom Features: Bathtub, Shower
Room Type: All Bedrooms Down, Family Room, Living Room
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: None
Special Listing Conditions: Standard
Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Available, Water Connected
View: None
Water Source: Public
Year Built Source: Assessor Zoning: CVR17500*
Remarks
Welcome Home! This lovely home is located in the heart of the beautiful Covina. As soon as you enter this house you will feel at home and at peace. The home features 4 large bedrooms, 2 bathrooms, spacious kitchen, family room, indoor laundry, and a large attached 2 car garage. Your family can entertain and spread out in the huge oversized permitted family room. Enjoy family BBQs on the spacious backyard patio. Now you can host the family holiday parties and have room for all the relatives to park their vehicles. Oh! did I forget to mention that the home has gated parking for your RV as well! The property is fenced and secure for your little ones to play safely outside. Centrally located close to the 210 and 10 FWY. Don't miss your opportunity to own this large one story home. This home is perfect for a large growing family!
Courtesy of Coldwell Banker Top Team Information is deemed reliable but not guaranteed.
Chris Taylor
Covina, CA 91722 MLS
$787,500 4 Beds 2.00 Baths 1,468.0 Sq. Ft. ($536 / sqft)
CLOSED 4/29/24
Details
Prop Type: Single Family Residence
County: Los Angeles
Area: 614 - Covina
Style: Ranch
Features
Accessibility Features: See Remarks
Association Y N: No
Attached Garage Y/N: Y
Community Features: Park, Suburban
Construction Materials: Stucco, Unknown
Contract Status Change
Date: 2024-04-29T00:00:00
Cooling: Central Air
Elevation Units: Feet
Flooring: Carpet, Laminate, Tile
Full baths: 2.0
Acres: 0.1399
Lot Size (sqft): 6,093
Garages: 2
Heating: Central Interior Features: Open Floorplan
Land Fee/Land Lease: Fee Levels: One
Listing Terms: Cash To New Loan
Lot Features: 0-1 Unit/Acre
Main Level Bedrooms: 4
Parking Total: 2
Patio And Porch Features: See Remarks
Year Built 1955 Days on market: 8
List date: 3/18/24
Sold date: 4/29/24
Off-market date: 4/10/24
Updated: Apr 29, 2024 2:33 PM
List Price: $775,000
Orig list price: $775,000
School District: Covina Valley Unified
Pool Features: Private, Fenced, In Ground
Pool Private Y N: Yes
Property Attached Yes/No: No
Road Surface Type: Paved
Roof: Composition
Bathroom Features: Shower in Tub
Room Type: Entry, Kitchen, Living Room, See Remarks
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: In Ground
Special Listing Conditions: Standard
Utilities: Electricity Connected, Natural Gas Connected, See Remarks, Water Connected
View: Mountain(s)
Water Source: Public
Year Built Source: Assessor Zoning: CVR1*
Remarks
Nestled on a quiet and desirable street in picturesque Covina, this home features 4 bedrooms, 2 full baths, Kitchen, Dining area, 1 year old Central Heat and Air, and more. There is a large and open Family Room with a cozy wood burning fireplace where one can relax. Now that so many are able to work remotely, the 4th bedroom is a huge asset. Your summers will be filled with fun and barbeques in this yard with a beautiful salt water pool and spa, including a variable pump that is more energy efficient, fruit trees, and privacy...Staycations! There is parking in the double car attached garage, and there is still room for additional cars in the driveway. This property is situated in a highly desirable location, has unparalleled convenience with close proximity to schools, parks, and shopping. With its premium location and appealing features, this property is poised to attract discerning buyers. Hurry on this one: in this competitive market, it will go quickly.
Courtesy of Beverly and Company, Inc.
Information is deemed reliable but not guaranteed.
Chris Taylor
$815,000 3 Beds 2.00 Baths 1,433.0 Sq. Ft. ($569 / sqft)
CLOSED 9/11/24
Details
Prop Type: Single Family
Residence
County: Los Angeles
Area: 614 - Covina
Full baths: 2.0
Features
Association Y N: No
Attached Garage Y/N: Y
Community Features: Park, Street Lights
Contract Status Change
Date: 2024-09-11T00:00:00
Cooling: Ductless, Wall/ Window Unit(s)
Elevation Units: Feet
Flooring: Laminate, Tile
Acres: 0.1363
Lot Size (sqft): 5,938
Garages: 2
List date: 7/22/24
Year Built 1954 Days on market: 25
Sold date: 9/11/24
Off-market date: 8/22/24
Updated: Sep 12, 2024 5:54 AM
List Price: $799,900
Orig list price: $829,900
School District: Covina Valley Unified
Land Fee/Land Lease: Fee
Levels: One
Listing Terms: Cash, Cash To New Loan, Conventional, VA Loan
Lot Features: Front Yard, Yard
Main Level Bedrooms: 3
Parking Total: 2
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Kitchen Features: Kitchen Island Room Type: All Bedrooms Down
Senior Community Yes/No: No
Sewer: Public Sewer
Special Listing Conditions: Standard
View: None
Water Source: Public Year Built Source: Assessor Zoning: CVR17500*
Remarks
Welcome to Casa Armel. Step into a bright and inviting open-concept living space that seamlessly blends the living, dining, and kitchen areas. The heart of this home, the kitchen, has been completely transformed with brand-new cabinets, sleek quartz countertops, and stainless steel appliances. Its a chefs dream, perfect for both everyday living and entertaining guests. The home features 3 good size bedrooms and 2 newly remodeled bathrooms with modern fixtures. Recessed lighting throughout the home enhances the bright and airy atmosphere, creating a warm and welcoming environment. Every detail of this remodel has been meticulously crafted to offer luxury and comfort. The stylish flooring, contemporary design elements, and high-quality materials throughout make this home truly stand out. Located in a desirable Covina neighborhood, this property offers convenient access to local amenities, schools and parks.
Courtesy of VISMAR REAL ESTATE
Information is deemed reliable but not guaranteed.
Chris Taylor
SO WHAT DOES THE INTERNET SAY ABOUT YOUR HOME?
$687,524 $682,912 $721,300 $702,000
National Association of REALTORS (NAR)
California Association of REALTORS (CAR)
Orange County Association of REALTORS (OCAR)
Luxury Home Sales Designated
Contingency Sale Specialist
Certified New Home Co-Broker
Certified Divorce Real Estate Expert
Top 1.5% of Individual REALTORS in the nation
Team Lead for Taylor Realty Group with offices in Corona, Huntington Beach, and Palm Springs
Meet Chris…
A true Californian through and through, realtor Chris Taylor was born and raised in South Orange County and has spent his life in Southern California from Huntington Beach to Palm Springs and just about everywhere in between. His lifelong experience in the region has given him unparalleled knowledge about its cities, communities, and neighborhoods from the coast to the desert, providing an invaluable advantage for his clientele.
Over his career, which began in 2003, Chris has enjoyed time as a realtor, new home sales agent, and mortgage consultant, providing him with a thorough understanding of every facet of the real estate business. As a result, he can personally guide his clients through each stage of the buying or selling process. Chris knows that communication and integrity are key to a successful transaction, and he is dedicated to always being available to his clients while offering professionalism, commitment and attentiveness that never fail to exceed expectations.
Chris is a fourth-generation Southern Californian with a love for surfing, screenwriting, and the movies. Prior to real estate, he worked in front of and behind the camera in the entertainment industry, concluding as a talent agent with the prestigious William Morris Agency. Chris lives with his wife, Terry, their disabled grandson, David, for whom he is the primary caregiver and a menagerie of two dogs and three cats. He is also a Real Estate commentator with frequent appearances on Fox 11 News, Good Day L.A., and Inside Edition.
Meet the Team
Tracie Albert
Operations Director
DRE# 01432850
With a high regard for the overall client experience, Tracie oversees the Operations for Taylor Residential Real Estate. A licensed Real Estate Agent herself since 2004 with experience in Residential, Investment and Luxury Sales as well as Short Sales, REOs and House Flipping, Tracie possesses a comprehensive level of Real Estate-related expertise that is largely unsurpassed. As a key component to Taylor Residential Real Estate’s success, Tracie has access to a variety of tools and resources designed to foster the most rewarding experiences for clients with even the most complex goals at hand in addition to cutting edge marketing techniques and strategies and innovative resources.
Brenda Listana Administration
With over 5 years of experience and having worked for some of the biggest e-commerce companies in the world, Brenda has established herself as a strong Customer Support Representative. She takes great pride in her exceptional computer skills, organization, planning, and administrative abilities and her experience has taught her the importance of attention to detail, resilience, and flexibility. Brenda commits herself fully to any task and embraces the responsibility.
Anthony Zervas Lead Agent
DRE# 02047324
Valerie Alicajic
Marketing Director
Anthony Zervas views architecture with a genuine passion that he is eager to share with buyers who are seeking a home that ideally suits and even exceeds their personal and financial goals. With a broad spectrum of experience, know-how, determination, and dedication, Anthony has rapidly built a following of clients who appreciate his down-toearth approach and unyielding commitment to unparalleled service. An avid traveler and snowboarder, Anthony is a genuine family man and spends much of his free time with his wife, Mel, and their daughter, Avie. He is also an award-winning chef with experience with high-end restaurants, five-diamond hotels, and as a personal with celebrity clienteles.
Valerie’s passion for design began at an early age, culminating in earning her Bachelor of Arts degree with an emphasis in graphic design at California State University Long Beach, and most recently, a Multi-Media Certificate in Web Design from Golden West College. Today, Val spearheads our design strategies and executes creative concepts that ensure maximum exposure. By conceptualizing and designing projects from start to finish, she creates a cohesive message portrayed through color, art and photography, all while meeting intense deadlines.
Brooke Fetzer
Property Designer
DRE# 01432850
Brooke Fetzer, "The Property Stylist", is a Certified Feng Shui Practitioner with YEARS of experience in the art of Home Staging. With over 1500 homes to her credit, Brooke is detail-oriented and works seamlessly with Sellers to prepare their homes for sale with careful attention paid to the individual marketing needs of each home so they can stand out from the rest online.
