NOT LISTED FOR SALE

1408 S 3rd Ave Arcadia, CA 91006

Estimated Value: $2,967,000 - $4,619,000

5 Beds
5.5 Baths
5,854 Sq Ft
$645/Sq Ft Est. Value

Last Sold October 25, 2016

Last sale price $2,900,000 $495 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $23,094/month

24 Days on Market

Highlights

  • Home Theater
  • Primary Bedroom Suite
  • Great Room
  • Camino Grove Elementary School Rated A
  • Cathedral Ceiling
  • Granite Countertops

About This Home

As of October 2016

This Exquisite Brand New Property is Nestled in a Very Private and Tranquil Location of Arcadia. This Custom Estate has 5,898 sq. ft. of Living Space, 12,363 sq. ft. Lot, and 3-car Garage. It Features 5 Ensuite Bedrooms with one Ensuite Bedroom on the Main Level and 5.5 Luxurious Baths. This Contemperary Italian Home offers the Finest Craftsmanship with every Architectural Detail including 25' Catheral Vault Ceiling, Hand-painted Domes, Italian Chandiler, Marble Foyer Entrances, an Elegant Wrought Iron Staircase, and Marble Floors throughout. The Luxurious Master Suite on the 2nd Floor has a Retreat Area with Bathroom that is accented in Exquisite Marbel and Features a Dual Vanity, a Gorgeous Steamer Shower, and an Oversized Jetted Spa Tub for your Enjoyment. Gourmet Kitchen includes top-of-line Stainless Steel Appliances, Granite Countertops, Spacious Center-island, Wok Kitchen, Custom Cabinets. The Family Room & Breakfasts Nook overlook to the beautiful Garden with Miniature Putting Area. The fully equipped State of Art Home Theater has an entertaining Wet Bar and 8 Reclining Chairs for Relaxation and Entertainment. Don't miss out this Wonderful Estate to call HOME!

Last Agent to Sell the Property

Maggie Ly

Re/Max Premier Prop SanMarino License #01385106 Listed on: 08/26/2016

Re/Max Premier Prop SanMarino

Last Buyer's Agent

Derek Shao

Financial Dynamics, Inc. License #01358261

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,784

Year Built

  • Built in 2016

Lot Details

  • 0.27 Acre Lot
  • Front Yard
  • Property is zoned ARR1*

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Interior Block Wall

Interior Spaces

  • 5,854 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Coffered Ceiling
  • Cathedral Ceiling
  • Recessed Lighting
  • Formal Entry
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Library
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet

Home Security

  • Home Security System
  • Intercom
  • Fire Sprinkler System

Additional Features

  • Exterior Lighting
  • Zoned Heating and Cooling

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5781022009

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,784

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Fire Sprinkler System, Security System
  • View: No
  • Zoning: ARR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5781022009
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5854.00 Square Feet
  • Interior Amenities: Block Walls, Cathedral Ceiling(s), Coffered Ceiling(s), Granite Counters, High Ceilings, Intercom, Pantry, Recessed Lighting, Wet Bar
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 495.39
  • Room Type: Family Room, Formal Entry, Foyer, Great Room, Home Theatre, Library, Living Room, Master Suite, Multi-Level Bedroom, Walk-In Closet
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Zoned
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Arcadia Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 11790.00
  • Price Per Lot Square Foot: 265.29

Multi Family

  • Lease Considered: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2016
Closed on
Oct 21, 2016
Sold by
Chu Kin Y
Bought by
Shao Derek Pao Dong and Shao Lori
Seller's Agent
Maggie Ly
Re/Max Premier Prop SanMarino
Buyer's Agent
Derek Shao
Financial Dynamics, Inc.
List Price
$3,280,000
Sold Price
$2,900,000
Premium/Discount to List
-$380,000
-11.59%
Current Estimated Value
$3,777,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$877,773
Avg. Annual Appreciation
3.00%
Original Mortgage
$2,320,000
Outstanding Balance
$1,809,372
Interest Rate
2.63%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,968,401

Purchase Details

Listed on
Sep 3, 2013
Closed on
Nov 6, 2013
Sold by
Bandido Investments
Bought by
Chu Kin Y and Lee Lyne
Seller's Agent
Dee Chou
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,498,000
Sold Price
$1,298,000
Premium/Discount to List
-$200,000
-13.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.08%
Original Mortgage
$650,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 3, 2013
Closed on
Oct 31, 2013
Sold by
Chu Mary P
Bought by
Chu Kin Y
Seller's Agent
Dee Chou
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,498,000
Sold Price
$1,298,000
Premium/Discount to List
-$200,000
-13.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 10, 2013
Closed on
Jul 24, 2013
Sold by
Tseng Yuan Sheng
Bought by
Bandido Investments
Seller's Agent
Dee Chou
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,298,888
Sold Price
$1,050,000
Premium/Discount to List
-$248,888
-19.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
113.24%

Purchase Details

Closed on
Jan 5, 1996
Sold by
Tseng Ming Chu
Bought by
Tseng Yuan Sheng and Tseng Ming Chu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.38%

Purchase Details

Closed on
Sep 2, 1994
Sold by
Tseng Yuan Sheng
Bought by
Tseng Ming Chu
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Shao Derek Pao Dong $2,900,000 Wfg Nation Title Co Of Ca
Chu Kin Y $1,298,000 Fidelity National Title
Chu Kin Y -- Fidelity National Title
Lee Lyne -- Fidelity National Title
Bandido Investments $1,050,000 Fidelity National Title
Tseng Yuan Sheng -- Commonwealth Land Title
Tseng Ming Chu -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shao Derek Pao Dong $2,320,000
Previous Owner Chu Kin Y $650,000
Previous Owner Tseng Yuan Sheng $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2016 10/25/16 Sold $2,900,000 -11.6% $495 / Sq Ft
09/19/2016 09/19/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $3,280,000 +152.7% $560 / Sq Ft
11/05/2013 11/05/13 Sold $1,298,000 -13.4% $600 / Sq Ft View Prior Sale
10/31/2013 10/31/13 Pending -- -- --
09/03/2013 09/03/13 For Sale $1,498,000 +42.7% $692 / Sq Ft
07/26/2013 07/26/13 Sold $1,050,000 -19.2% $485 / Sq Ft View Prior Sale
07/10/2013 07/10/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $1,298,888 -- $600 / 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 $36,784 $3,365,691 $1,445,622 $1,920,069
2024 $36,784 $3,299,698 $1,417,277 $1,882,421
2023 $36,007 $3,234,999 $1,389,488 $1,845,511
2022 $34,803 $3,171,569 $1,362,244 $1,809,325
2021 $34,162 $3,109,383 $1,335,534 $1,773,849
2019 $33,317 $3,017,159 $1,295,922 $1,721,237
2018 $32,503 $2,958,000 $1,270,512 $1,687,488
2016 $26,244 $2,324,123 $1,344,123 $980,000
2015 $15,069 $1,323,933 $1,059,147 $264,786
2014 $14,855 $1,298,000 $1,038,400 $259,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16189007

California Regional Multiple Listing Service (CRMLS)

APN: 5781-022-009