307 N Terrace View
Monrovia, CA, 91016
$2,300,000
MLS: TR26061182
Beds
4
Baths
3
Sq Ft
3,620
Lot
0.49 ac
Year Built
1987
MLS #
TR26061182
Days on Market
12
Listed
Mar 24, 2026
Description
One of just 18 custom homes in the exclusive Terrace View Estates, this foothill property offers scenic views, a generous lot, and a rare detached garage ideal for ADU potential. Set on a generous lot, the home enjoys beautiful natural surroundings while remaining conveniently close to top-rated schools and local amenities. A true standout feature is the expansive detached garage—an ideal candidate for conversion into a guest house, studio, or potential ADU (buyer to verify). Whether for multigenerational living, a private workspace, or future rental income, the possibilities are substantial. The home itself features a functional layout with thoughtful updates already in place, offering immediate comfort with room to further enhance and customize. All of this is complemented by a low HOA, adding to the property’s long-term affordability and appeal. Opportunities like this—combining view, versatility, and upside potential—are rarely available in such a sought-after setting.
Location
Monrovia, Los Angeles County, CA 91016
Open on Google Maps ↗Listed by: Albert Xu · eXp of Greater Los Angeles
Payment estimate
$16,277
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $230,000 · Loan: $2,070,000
- Principal & Interest
- $12,718
- Property tax (1.25%)
- $2,396
- Homeowners insurance
- $300
- Mortgage insurance
- $863
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $80,500 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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