$985,000
SOLD JUN 10, 2025

1049 Fairview Ave Unit 5 Arcadia, CA 91007

2 Beds
2 Baths
1,726 Sq Ft
$300/mo HOA Fee

Recently Sold

$571 Per Sq Ft

19% Above List Price

7 Days on Market

Highlights

  • No Units Above
  • Primary Bedroom Suite
  • Wood Flooring
  • Hugo Reid Elementary School Rated A+
  • Cathedral Ceiling
  • 3-minute walk to Tripolis Friendship Park

About This Home

As of June 2025

NO MORE SHOWINGS... Located in highly desirable Arcadia, this turn-key, spacious, single-level condo with it's own private entrance and front yard feels like you're entering your own single family home. The open floor plan, with high ceilings and abundant windows and skylights flood the home with lots of natural light. The foyer opens to the formal living room with fireplace and adjoining dining room. To the right is a cozy family room open to the kitchen with breakfast bar and casual dining area with built in cabinets. The open kitchen with granite counters features a double sink, gas cooktop, double oven and dishwasher. The living room leads to a large bonus room separated by the double sided fireplace and shelving. With built in cabinets and a sliding door leading to the wrap-around patio this space could be used in many ways - a spacious office or even a bedroom for overnight guests.
The two bedrooms and two full baths are located down the hall for privacy. The master suite offers a walk in closet, a large, sunlit bathroom with double vanity, soaking tub, huge shower and private toilet. Sliding glass doors open from the master bedroom to the wrap around patio perfect for relaxing with a cup of tea and a book. Additional features include brand new wood floors throughout with wall to wall carpeting in the bedrooms, plantation shutters on all windows, attached two car garage, separate laundry room, and central heat & air. The low HOA fee covers landscaping, water, trash, and exterior insurance. Only a 3-minute drive to the mall, numerous markets, and popular restaurants. All of this with the added bonus of the award-winning Arcadia Unified School District. Don't miss out on this exceptional property!

Last Agent to Sell the Property

Susan Cook

COMPASS Brokerage Phone: 626-253-1323 License #02015404 Listed on: 05/27/2025

COMPASS

Last Buyer's Agent

KC Chang

IRN Realty License #01752259

IRN Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • West Facing Home
  • Block Wall Fence
  • Drip System Landscaping
  • Sprinkler System
  • Front Yard

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Patio Home
  • Entry on the 1st floor
  • Tile Roof
  • Clay Roof
  • Stucco

Interior Spaces

  • 1,726 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Skylights
  • Double Pane Windows
  • Plantation Shutters
  • Bay Window
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Bonus Room with Fireplace

Kitchen

  • Open to Family Room
  • Double Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Patio

Schools

  • Hugo Reid Elementary School
  • Foothill Middle School
  • Arcadia High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 42668
  • Assessor Parcel Number 5783006055

Community Details

Overview

  • Master Insurance
  • 5 Units
  • Verano Townhomes Association, Phone Number (626) 215-6661
  • Pinnacle Re Group HOA
  • Maintained Community

Recreation

  • Park

Property Details

Home Type

Condominium

Year Built

Built in 1987 | Remodeled

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: ARR3*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5783006055
  • Year Built: 1987
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1726.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Granite Counters, Unfurnished
  • Stories: 1
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: In Family Room, Dining Room, Separated
  • Entry Level: 1
  • Fireplace Features: Bonus Room, Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 570.68
  • Room Type: All Bedrooms Down, Bonus Room, Den, Family Room, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Primary Suite, Office, Walk-In Closet
  • Window Features: Bay Window(s), Double Pane Windows, Plantation Shutters, Skylight(s)
  • Bathroom Features: Shower In Tub, Double Sinks In Primary Bath, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Clay, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Circular Driveway, Garage, Garage Door Opener, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Cooktop, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Insurance, Maintenance Grounds, Trash
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Association Name: Verano Townhomes
  • Phone: 626-215-6661
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Park, Sidewalks
  • Association Management: Pinnacle RE Group

Schools

  • Elementary School: Hugo Reid
  • High School: Arcadia
  • Middle Or Junior School: Foothill
  • Elementary School #2: HUGREI
  • High School2: ARCADI

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Patio Home, Sprinkler System, Sprinklers Drip System
  • Lot Size Sq Ft: 6725.00
  • Lot Size Acres: 0.1544

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6725.0000 Square Feet
  • Number Of Units In Community: 5
  • Number Of Units Total: 5

Tax Info

  • Tax Census Tract: 4307.23
  • Tax Lot: 1
  • Tax Tract Number: 42668

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2025
Closed on
Jun 10, 2025
Sold by
James Charles Revocable Trust and Merlo Marilyn Fong
Bought by
Stephen Mai-Ching Chien And Jessica Ling-Hsin and Chien
Seller's Agent
Susan Cook
COMPASS
Buyer's Agent
KC Chang
IRN Realty
List Price
$828,000
Sold Price
$985,000
Premium/Discount to List
$157,000
18.96%
Views
34
Current Estimated Value
$963,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,602
Avg. Annual Appreciation
-4.42%

Purchase Details

Closed on
May 2, 2005
Sold by
Merlo James C
Bought by
Merlo James Charles and The James Charles Revocable Tr

Purchase Details

Closed on
Mar 6, 1996
Sold by
Traver Terry Merlo and Lescander Robin Merlo
Bought by
Merlo James C

Purchase Details

Closed on
Feb 22, 1996
Sold by
Merlo Marilyn F
Bought by
Merlo James C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $985,000 Ticor Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer $225,000 Guardian Title
Interfamily Deed Transfer -- Guardian Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2025 06/10/25 Sold $985,000 +19.0% $571 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $828,000 -- $480 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,611 $111,706 $38,209 $73,497
2024 $1,611 $109,516 $37,460 $72,056
2023 $1,580 $107,370 $36,726 $70,644
2022 $1,531 $105,265 $36,006 $69,259
2021 $1,493 $103,201 $35,300 $67,901
2019 $1,456 $100,142 $34,254 $65,888
2018 $1,366 $98,180 $33,583 $64,597
2016 $1,318 $94,370 $32,280 $62,090
2015 $1,295 $92,954 $31,796 $61,158
2014 $1,287 $91,134 $31,174 $59,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25074309

California Regional Multiple Listing Service (CRMLS)

APN: 5783-006-055