NOT LISTED FOR SALE

Estimated Value: $2,980,000 - $3,551,000

4 Beds
3.5 Baths
2,975 Sq Ft
$1,058/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $2,025,000 $681 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $17,267/month

34 Days on Market

Highlights

  • Home fronts a lagoon or estuary
  • Custom Home
  • Balcony
  • Panoramic View
  • Wood Flooring
  • West Facing Home

About This Home

As of March 2020

Perched on a hill above Johnston Lake, this Pasadena home is ideally located in the southwest arroyo area, in close proximity to both Old Town Pasadena & downtown LA. The contemporary two story home features dramatic architectural clean lines balanced by a beautiful use of materials that create warmth throughout. Immediately upon entering the home, steel I-beams intersect wood planked ceilings creating soaring vaulted ceilings. Floor to ceiling windows run the length of the the living room & dining area creating a spectacular play of light throughout the day. The streamlined kitchen features a large peninsula covered in Carrera marble with a waterfall edge. Stainless steel appliances add to the industrial-chic feel. The family room is attached to the kitchen & metal french doors lead out to a large patio with views to the lake & the San Gabriel Mountains. The Master is on the main floor & features a large ensuite bathroom & walk in closet. The remaining 3 bedrooms are located on the 2nd floor with 2 baths. An open loft of iron & steel provides a great space for an office with a view out to the surrounding natural beauty. There is an attached 3 car garage. Striking architecture combined with the spectacular location make this property truly one of a kind

Last Agent to Sell the Property

Ted Clark

COMPASS License #01074290 Listed on: 01/15/2020

COMPASS

Co-Listed By

Heather Lillard

COMPASS License #01892752

Last Buyer's Agent

Teresa Fuller

COMPASS License #01315387

COMPASS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 0.42 Acre Lot
  • Home fronts a lagoon or estuary
  • West Facing Home
  • Property is zoned PSR4

Parking

  • 3 Car Garage

Property Views

  • Lake
  • Panoramic
  • City Lights
  • Canyon
  • Mountain
  • Hills

Home Design

  • Custom Home

Interior Spaces

  • 2,975 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Raised Hearth
  • Family Room with Fireplace
  • Living Room with Fireplace

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Balcony
  • Rain Gutters

Community Details

  • Not Applicable 1007242 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5715026026

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0.42 Acres

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Not Applicable - 1007242
  • View: Yes
  • Zoning: PSR4
  • Architectural Style: Custom Built
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5715026026
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2975.00
  • Interior Amenities: Balcony
  • Stories: 2
  • Flooring: Tile, Wood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Decorative, Raised Hearth, Family Room, Living Room
  • Levels: Two
  • Price Per Square Foot: 680.67

Exterior Features

  • Direction Faces: West
  • Exterior Features: Rain Gutters
  • View: Canyon, City Lights, Hills, Lake, Mountain(s), Panoramic, Water

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 18436.00
  • Lot Size Acres: 0.4200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 18436.0000 Square Feet
  • Waterfront Features: Lagoon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2021
Sold by
Wegge Family Trust and Wegge William A
Bought by
Wegge Family Trust and Wegge
Current Estimated Value
$2,959,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,306,000
Outstanding Balance
$3,234,163
Interest Rate
2.7%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
-$86,466

Purchase Details

Listed on
Jan 15, 2020
Closed on
Feb 16, 2020
Sold by
Banks James Matthew and Banks Jennifer Jane
Bought by
Wegge William A and Wegge Cheryll Ann
Seller's Agent
Ted Clark
COMPASS
Buyer's Agent
Teresa Fuller
COMPASS
List Price
$1,950,000
Sold Price
$2,025,000
Premium/Discount to List
$75,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%

Purchase Details

Closed on
Sep 20, 2012
Sold by
1344 Marianna Llc
Bought by
Banks James Matthew and Pappas Jennifer Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2012
Sold by
Falese Philip Olu and Triwardani Irma
Bought by
Falese Philip Olu

Purchase Details

Closed on
Jan 18, 2012
Sold by
Falese Philip Olu
Bought by
1344 Marianna Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2005
Sold by
Reinker Elizabeth F and The Reinker Family 2005 Revoca
Bought by
Falese Philip Olu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$906,100
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 2005
Sold by
Reinker Richard P and Reinker Elizabeth F
Bought by
Reinker Richard P and Reinker Elizabeth F

Purchase Details

Closed on
Apr 11, 2002
Sold by
Spiel Gustave J and The Gustave J Spiel March 7 19
Bought by
Reinker Richard P and Reinker Elizabeth F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
6.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Wegge Family Trust -- Fnc Title Services
Wegge William A $2,025,000 Lawyers Title
Banks James Matthew $1,436,000 Equity Title Los Angeles
Falese Philip Olu -- Chicago Title Company
1344 Marianna Road Llc $735,000 Chicago Title Company
Falese Philip Olu $1,105,000 First American Title Co La
Reinker Richard P -- --
Reinker Richard P -- --
Reinker Richard P $715,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wegge Family Trust $3,306,000
Previous Owner Banks James Matthew $625,500
Previous Owner 1344 Marianna Road Llc $675,000
Previous Owner Falese Philip Olu $906,100
Previous Owner Reinker Richard P $572,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2020 03/12/20 Sold $2,025,000 +3.8% $681 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $1,950,000 -- $655 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $24,437 $2,214,628 $1,771,705 $442,923
2024 $24,437 $2,171,205 $1,736,966 $434,239
2023 $24,231 $2,128,633 $1,702,908 $425,725
2022 $23,382 $2,086,896 $1,669,518 $417,378
2021 $22,419 $2,045,978 $1,636,783 $409,195
2020 $17,291 $1,616,905 $1,126,206 $490,699
2019 $17,340 $1,585,202 $1,104,124 $481,078
2018 $17,680 $1,554,121 $1,082,475 $471,646
2016 $17,135 $1,493,775 $1,040,442 $453,333
2015 $16,948 $1,471,338 $1,024,814 $446,524
2014 $16,581 $1,442,518 $1,004,740 $437,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-820000199

Pasadena-Foothills Association of REALTORS®

APN: 5715-026-026

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