307 Melrose
Monrovia, CA, 91016
$1,199,000
Original list price: $1,999,000
MLS: PW26109839
Beds
3
Baths
2
Sq Ft
1,309
Lot
0.15 ac
Year Built
1912
MLS #
PW26109839
Days on Market
22
Listed
May 25, 2026
Description
Welcome to beautiful Monrovia — where timeless charm meets modern living. This practically brand-new 3-bedroom, 2-bathroom home has been completely remodeled down to the studs and offers a perfect blend of warmth, comfort, and modern design, all within one of the city’s most desirable neighborhoods. Thoughtfully upgraded throughout, the property features new Hardie siding, a new roof, new windows, brand-new plumbing and electrical, fresh interior and exterior paint, updated landscaping, new concrete work, solar panels, EV charging, and a WiFi-enabled irrigation system with gopher wire protection beneath the lawn. Inside, you’ll find a bright, modern living space with brand-new flooring, energy-efficient upgrades, and a stunning historic Batchelder tile fireplace — a rare and highly sought-after architectural feature. The spacious primary bedroom serves as a beautiful private retreat, offering comfort and tranquility within the home. Perfect for both homeowners and investors, this low-maintenance property offers long-term value with upgraded systems, smart technology, and approved plans for an approximately 800 sq. ft. ADU already in place, creating excellent future income or multigenerational living potential. As an added bonus, the adjacent 7,040 sq. ft. lot is also available for sale with plans nearing final approval, creating a rare development opportunity in an exceptional location. Located just moments from Monrovia’s popular Friday Night Street Fair, beautiful parks, and highly rated schools, this is a truly special property you won’t want to miss.
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Olivia Mendoza · Y Realty
Payment estimate
$8,833
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $119,900 · Loan: $1,079,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,835
- Property tax (1.25%)
- $1,249
- Homeowners insurance
- $300
- Mortgage insurance
- $450
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Monrovia home with as little as 3.5% down using an FHA loan — roughly $41,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Monrovia, CA 91016 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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