new - 6 days on rocket

489 Fairlane Way, Covina, CA, 91723

$825,000

Home List Price

$9,797*

Closing Credit

3 Bedrooms
3 Full Baths
2,070 SqFt
$399/SqFt
Condo

Location

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489 Fairlane Way, Covina$825,000

Buyer Closing Credits

$9,797*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingDirect Access, Garage
Attached Garage2 spaces
Year Built2020
HeatingCentral
CoolingCentral Air
FireplaceLiving Room
ViewNeighborhood
MLS #CV25004696
Lot Size0.63 Acres
StatusActive

About 489 Fairlane Way

This luxurious townhome offers 2070 square feet of elegantly designed living space, including 3 bedrooms and 3 full bathrooms. The second floor features 2 bedrooms and 2 full bathrooms. The second floor features a balcony The home has been extensively upgraded with a new kitchen backsplash, beautiful Quartz countertops, and an island in the kitchen. The primary bedroom includes a covered patio—a must-see! Additionally, there are numerous built-ins throughout the home. From the stunning fireplace to the upgraded stair rails, this home is full of exceptional features. Located in the heart of downtown Covina, this all-electric townhome is nestled in a walkable historic district near cafés, shops, and cultural attractions. Civic Center Park is right across the street, and Covina Community Park, with a pool, tennis courts, and sports fields, is on the other side. Designed for sustainable living, the home is equipped with solar power, smart thermostats, and energy-efficient appliances. The Covina Metro station is just a 5-minute walk away, providing a 35-minute commute to Downtown LA.

Property Details

Property Features

Property Information:

  • Year Built: 2020
  • Stories: 3
  • Living Area: 2,070 SqFt

Listing Office:

  • Office Name: CENTURY 21 CITRUS REALTY INC
  • Office Phone: (909) 806-0368
  • Listing Agent: Mireya Chavarria

Interior Features

Interior Information:

  • Appliances: Microwave
  • Flooring Type: Carpet, Laminate
  • Interior: Breakfast Bar, Balcony, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, All Bedrooms Up
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Direct Access, Garage

Lot Features

Lot Information:

  • Lot Size: 0.63 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: North 10fwy

Price Information

Listing Price Info

Price Summary:

  • List Price: $825,000
  • Price Per SqFt: $399/SqFt

HOA Fees:

  • Amount: $245
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $8,674
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Covina, CA.

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Covina, CA

City

Med. Sold Price

$780K

Med. Price/SqFt

$511

Avg. Days On Market

32

# of Sold Homes

31

489 Fairlane Way vs Covina

6 DAYS ON ROCKET

-26 Days

$825,000

+$45K More

$399/SqFt

-$113 Less

KEY TAKEAWAY

This property is $45K more than the Median Sold Price and $113/SqFt less than other homes in Covina, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV25004696

Listing Office:

  • Office Name: CENTURY 21 CITRUS REALTY INC
  • Office Phone: (909) 806-0368
  • Listing Agent: Mireya Chavarria

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/15/2025, 9:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,674$626,422
2020 - $280,163

History based on county public records data.

Payment Calculator

$4,430

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,540

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2588945
7
/10

  • Cypress Elementary School

  • 351 W Cypress St

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-2588946
7
/10

  • Ben Lomond Elementary School

  • 621 E Covina Blvd

  • 1.00 miles

  • Public District Grades KG-5

school-card-donut-2588947
7
/10

  • Barranca Elementary School

  • 727 S Barranca Ave

  • 1.06 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,991. Residents of Covina, CA typically earn between $35k-100k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 489 Fairlane Way

What is the listing price of this property?

The listing price of 489 Fairlane Way property is $825,000.

What type of property is this?

The property 489 Fairlane Way is a condo located in Covina, California, 91723.

Is this property for sale now?

Active Listing: 489 Fairlane Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,674 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 489 Fairlane Way has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 489 Fairlane Way is 2,070 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 489 Fairlane Way is 2020.

Rocket Homes›California›Los Angeles County›Covina›91723›489 Fairlane Way

This home is located at 489 Fairlane Way in Covina, CA and zip code 91723 in the The San Gabriel Valley neighborhood. This 2,070 square foot home, which was built in 2020, sits on a 0.63 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 08, 2025 and is currently priced at $825,000.

While more than 14 listings in Covina, CA in December 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 11 were sold below. The inventory of homes for sale in Covina, CA between November 2024 and December 2024 decreased by 3.5%. In December 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $780,000.

From Rocket Homes Real Estate and based on county public records data.

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