NOT LISTED FOR SALE

1562 N Lake Ave Pasadena, CA 91104

Historic Highlands Neighborhood

Estimated Value: $1,207,000 - $1,854,599

3 Beds
2 Baths
1,500 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold December 02, 2020

Last sale price $1,305,000 $870 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,579/month

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Pasadena High School Rated A
  • Central Air

About This Home

As of August 2021

Beautiful and charming 2bed+bonus room/2bath front house & 2-car carport parking in Pasadena. Bonus room that could be used as a 3rd bedroom, office, or den. Accept 1 small pet under 25 lbs with additional pet deposit. This house is freshly remodeled with updated bathrooms, recessed lighting, and a gourmet kitchen with full appliances included: new oven, stove, microwave, dishwasher and range hood. New paint and doorknobs throughout. Open floor plan. New washer and dryer in the unit. Newly installed central air-conditioning and heating system. New mini blinds. Many other upgrades. Perfect location: easy access to restaurants, shopping, groceries, freeway access to the 134. Close to JPL, Caltech, old town Pasadena, and much more! View our virtual tour here: https://mls.ricohtours.com/f8ccfb76-79ad-475f-b2b0-222fc19164ff.

Last Agent to Rent the Property

WINNIE SHI

FOCUS PROPERTY SERVICES, INC. License #02081839 Listed on: 08/05/2021

Last Renter's Agent

Nelson Lee

FOCUS PROPERTY SERVICES, INC. License #01227475

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1907

Lot Details

  • 0.27 Acre Lot
  • Front Yard

Interior Spaces

  • 1,500 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available

Utilities

  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $3,300
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 8/5/21
  • Tax Lot 4
  • Assessor Parcel Number 5848033007

Home Details

Home Type

Single Family

Year Built

Built in 1907

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2021-08-05
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 600
  • Deposit Security: 3300
  • Furnished: Unfurnished
  • Pets Allowed: Number Limit, Size Limit
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 5848033007
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1500.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2.20
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 11936.00
  • Lot Size Acres: 0.2740

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 11936.0000 Square Feet
  • Management Co: Focus Property Services Inc.
  • Management Co Phone: 626-285-9689
  • Number Of Units Total: 4
  • Rent Includes: Gardener

Tax Info

  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2020
Closed on
Nov 18, 2020
Sold by
Magat Juanita Z
Bought by
Sunway Development Llc
Seller's Agent
DONALD LA
KW Executive
Buyer's Agent
DONALD LA
KW Executive
List Price
$1,295,000
Sold Price
$1,305,000
Premium/Discount to List
$10,000
0.77%
Current Estimated Value
$1,582,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,900
Avg. Annual Appreciation
3.81%

Purchase Details

Closed on
Apr 10, 2015
Sold by
Magat Ildefonso P and Magat Juanita Z
Bought by
Ildefonso P Magat and Magat Livi Juanita Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,300
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2011
Sold by
Magat Ildefonso P and Magat Juanita Z
Bought by
Magat Ildefonso P and Magat Juanita Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2003
Sold by
Magat Ildefonso P and Magat Juanita Z
Bought by
Magat Ildefonso P and Magat Juanita Z

Purchase Details

Closed on
Feb 3, 1998
Sold by
Magat Eduardo Z
Bought by
Magat Ildefonso P and Magat Juanita Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.9%

Purchase Details

Closed on
Nov 21, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Magat Ildefonso P and Magat Juanita Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,513
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 18, 1996
Sold by
Rezian Ohannes A and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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
Sunway Development Llc $1,305,000 First American Title Company
Ildefonso P Magat -- Accommodation
Magat Ildefonso P -- Lawyers Title Insurance Corp
Magat Ildefonso P -- Accommodation
Magat Ildefonso P -- Lawyers Title
Magat Ildefonso P -- --
Magat Ildefonso P -- American Coast Title
Magat Ildefonso P $187,909 First American Title Co
Federal Home Loan Mortgage Corporation $240,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magat Ildefonso P $414,300
Previous Owner Magat Ildefonso P $400,000
Previous Owner Magat Ildefonso P $215,000
Previous Owner Magat Ildefonso P $182,513
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2021 08/23/21 Rented $3,300 0.0% --
08/23/2021 08/23/21 Under Contract -- -- --
08/12/2021 08/12/21 Price Changed $3,300 -5.7% $2 / Sq Ft
08/05/2021 08/05/21 For Rent $3,500 0.0% --
12/02/2020 12/02/20 Sold $1,305,000 +0.8% $344 / Sq Ft View Prior Sale
11/17/2020 11/17/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $1,295,000 -- $341 / 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 $16,302 $1,412,571 $757,701 $654,870
2024 $16,302 $1,384,875 $742,845 $642,030
2023 $16,164 $1,357,722 $728,280 $629,442
2022 $15,611 $1,331,100 $714,000 $617,100
2021 $14,970 $1,305,000 $700,000 $605,000
2020 $4,109 $303,309 $207,539 $95,770
2019 $4,110 $297,363 $203,470 $93,893
2018 $4,118 $291,533 $199,481 $92,052
2017 $4,058 $285,818 $195,570 $90,248
2016 $3,931 $280,215 $191,736 $88,479
2015 $3,884 $276,006 $188,856 $87,150
2014 -- $270,600 $185,157 $85,443
Source: Public Records

Agents Affiliated with this Home

  • W

    Landlord's Agent in 2021

    WINNIE SHI

    FOCUS PROPERTY SERVICES, INC.

  • N

    Tenant's Agent in 2021

    Nelson Lee

    FOCUS PROPERTY SERVICES, INC.

    (626) 443-8666

    2 Total Sales

    Nelson Lee
    Section Image

  • D

    Seller's Agent in 2020

    DONALD LA

    KW Executive

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21172291

California Regional Multiple Listing Service (CRMLS)

APN: 5848-033-007

California Los Angeles County Pasadena 91104 Historic Highlands

1562 N Lake Ave, Pasadena, CA

Not Listed for Sale

Detached

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