NOT LISTED FOR SALE

Estimated Value: $1,536,000 - $3,460,261

0.23 Acre
$10,449,652 Price per Acre
10,040 Sq Ft Lot

Last Sold May 08, 2015

Last sale price $2,100,000 $953 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $16,875/month

334 Days on Market

Highlights

  • Mountain View
  • Blair High School Rated A-
  • No HOA

About This Lot

As of May 2015

This lot got entitlement for 9 units luxurious town homes and plans designed review approved by the City of Pasadena*Nice & convenient location*two blocks east of Lake Ave in between Walnut & Union St*easy fwy 210 access & walking distance to Gold-Line station/Cal Tech College/restaurants/shops*5 minutes drive to Old Town Pasadena & PCC*This 9 units luxurious town home project features (1) 4 stories building, each unit is a two-story town home style except the front unit which is a 4 story unit entirely*(2) each unit is ranging from 2 bedrooms + den or 3 bedrooms, all with 3 full baths*(3)the front unit is a 4 bedrooms +a separate entry studio/den/office with 4.5 baths*(4)the living spaces from 1524 sf. to 2690 sf. entire total living space for 9 units is 16,110 sf*(5)each unit has 2 subterranean parking spaces & a private balcony*upper level units and front unit have mountain views*(6)this building is elevator equipped and "lead certificate" green building applied*currently there are 3 rental units*front unit is a single story free standing building w/2 bedrooms, 1 bath, rent $1700/month*back 2 units are side by side with identical floor plans w/1 bedroom & 1 bath, each rent is $1100/month*all units have backyard/laundry hook-up/1 car garage+parking.

Last Agent to Sell the Property

Therina Lin

Encore Realty & Financial License #01033115 Listed on: 04/06/2014

Last Buyer's Agent

Chung Feng

IRN Realty License #01851904

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $28,779

Lot Details

  • 10,040 Sq Ft Lot
  • Property is zoned R48

Property Views

  • Mountain Views

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 5738005040

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$28,779

Lot Details

0

Listing Details

  • Current Use Comments: 3 units
  • Possible Use Comments: 9 units luxurious townhomes
  • Road Surface Type: Maintained, Paved
  • View: Yes
  • Water Body Name: yes
  • Zoning: R48
  • Property Type: Land
  • Parcel Number: 5738005040
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 209.16

Exterior Features

  • View: Mountain(s)

Utilities

  • Utilities: Sewer Connected, Sewer Available

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 10040.00
  • Lot Size Acres: 0.2300

Multi Family

  • Lot Size Area: 10040.0000 Square Feet

Tax Info

  • Tax Lot: 5
  • Tax Rate: 1.04
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2014
Closed on
Mar 13, 2015
Sold by
Villa South Pasadena Development Llc
Bought by
Forever Green Investment Llc
Seller's Agent
Therina Lin
Encore Realty & Financial
Buyer's Agent
Chung Feng
IRN Realty
List Price
$2,200,000
Sold Price
$2,100,000
Premium/Discount to List
-$100,000
-4.55%
Current Estimated Value
$2,644,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$544,195
Avg. Annual Appreciation
1.32%
Original Mortgage
$1,155,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2006
Sold by
Chang Shoou Yi and Moon Frances F S
Bought by
Villa South Pasadena Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2006
Sold by
Gilded Age Investment Llc
Bought by
Chang Shoou Yi and Moon Frances F S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2006
Sold by
Zhang Yong and Liang Qing
Bought by
Gilded Age Investment Llc

Purchase Details

Closed on
Mar 1, 2006
Sold by
Jobson Ron and Jobson Lm
Bought by
Zhang Yong and Liang Qing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 24, 2003
Sold by
Jobson Lm and Rosenfeld Lisa Marie
Bought by
Jobson Ron and Jobson Lm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.93%

Purchase Details

Closed on
Nov 10, 1999
Sold by
Rosenfeld Lisa Marie and Jobson Ronald
Bought by
Rosenfeld Lisa Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.68%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 9, 1998
Sold by
Ryco Phillip and Ryco Pierrette
Bought by
Rosenfeld Lisa Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,586
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 1998
Sold by
Rosenfeld Lisa Marie
Bought by
Rosenfeld Lisa Marie and Jobson Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,586
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 1998
Sold by
Chambers Robert
Bought by
Rosenfeld Lisa Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,586
Interest Rate
6.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Forever Green Investment Llc $2,100,000 Title 365
Villa South Pasadena Development Llc -- Accommodation
Chang Shoou Yi $1,580,000 Alliance Title
Gilded Age Investment Llc -- None Available
Zhang Yong $1,290,000 Investors Title Company
Jobson Ron -- Southland Title
Rosenfeld Lisa Marie -- Fidelity Title
Rosenfeld Lisa Marie $238,000 Progressive Title Company
Rosenfeld Lisa Marie -- Progressive Title Company
Rosenfeld Lisa Marie -- Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forever Green Investment Llc $1,300,000
Open Forever Green Investment Llc $6,199,000
Previous Owner Forever Green Investment Llc $1,155,000
Previous Owner Chang Shoou Yi $780,000
Previous Owner Zhang Yong $600,000
Previous Owner Jobson Ron $165,000
Previous Owner Jobson Ron $350,000
Previous Owner Rosenfeld Lisa Marie $40,000
Previous Owner Rosenfeld Lisa Marie $229,586
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2015 05/08/15 Sold $2,100,000 -4.5% $953 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
04/06/2014 04/06/14 For Sale $2,200,000 -- $998 / 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 $28,779 $2,523,882 $2,523,882 --
2024 $28,779 $2,474,395 $2,474,395 --
2023 $28,546 $2,425,878 $2,425,878 $0
2022 $27,576 $2,378,312 $2,378,312 $0
2021 $25,693 $2,331,679 $2,331,679 $0
2020 $24,646 $2,307,771 $2,307,771 $0
2019 $24,717 $2,262,521 $2,262,521 $0
2018 $25,240 $2,218,158 $2,218,158 $0
2016 $24,497 $2,132,025 $2,132,025 $0
2015 $20,424 $1,761,335 $1,760,225 $1,110
2014 $11,878 $1,002,800 $914,000 $88,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR14070225

California Regional Multiple Listing Service (CRMLS)

APN: 5738-005-040