NOT LISTED FOR SALE

231 Walnut Ave Arcadia, CA 91007

Estimated Value: $5,485,000 - $11,873,742

6 Beds
10 Baths
11,945 Sq Ft
$665/Sq Ft Est. Value

Last Sold May 24, 2013

Last sale price $5,450,000 $456 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $47,599/month

6 Days on Market

Highlights

  • Guest House
  • Wine Cellar
  • Infinity Pool
  • Baldwin Stocker Elementary School Rated A+
  • Home Theater
  • Built in 2013 | Newly Remodeled

About This Home

As of May 2013

Luxurious newly built Italian estate. Designed by Robert Tong and built by Smith Development. This home has been impeccably detailed. With 6 bedrooms and 8 bathrooms and 11,945 square feet the design is for family and accommodating for guests. Two story entry opens to dual staircases with solid brass railings. Marble flooring has unique laser-cut inlays.. Grand living room, dining room, gourmet kitchen and wok kitchen. Huge family room with built-in 70 inch flat screen. Custom molded crown moldings throughout. 10 seat theater with HD/3D. The elegantly designed master bedroom has a wet bar, an exquisite master bath filled with mirrors, shimmering crystal, and marble. Also walk-in closets, and a massage room. Upstairs gym/workout room with steam room and a sauna. Rear garden has putting green, and a custom saltwater infinity pool. Guest house and 2-2car garage. A true dream home.

Last Agent to Sell the Property

Vicky Cheng

High Ten Partners, Inc. License #01034859 Listed on: 04/26/2013

High Ten Partners, Inc.

Co-Listed By

Beverly Holmes

Coldwell Banker Realty License #00815805

Last Buyer's Agent

Vicky Cheng

High Ten Partners, Inc. License #01034859 Listed on: 04/26/2013

High Ten Partners, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2013 | Newly Remodeled

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 100x254
  • South Facing Home
  • Wrought Iron Fence
  • Landscaped
  • Sprinklers on Timer

Parking

  • 4 Car Garage

Home Design

  • French Architecture
  • Entry on the 1st floor
  • Concrete Roof

Interior Spaces

  • 11,945 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Dual Staircase
  • Wired For Sound
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Coffered Ceiling
  • Double Door Entry
  • Wine Cellar
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Library with Fireplace
  • Recreation Room
  • Home Gym
  • Laundry Room
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Six Burner Stove
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • Walk-In Closet
  • Maid or Guest Quarters

Home Security

  • Closed Circuit Camera
  • Carbon Monoxide Detectors

Pool

  • Infinity Pool
  • Exercise
  • Spa
  • Waterfall Pool Feature

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Sewer Paid
  • Phone System

Additional Features

  • Accessible Elevator Installed
  • Guest House
  • Suburban Location

Community Details

  • No Home Owners Association
  • Built by Richard Smith

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 12630
  • Assessor Parcel Number 5787004004

Home Details

Home Type

Single Family

Year Built

Built in 2013 | Newly Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s)
  • View: Yes
  • Zoning: R-1
  • Architectural Style: French
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5787004004
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 11945.00
  • Interior Amenities: 2 Staircases, Built-in Features, Coffered Ceiling(s), Crown Molding, Elevator, Granite Counters, Phone System, Wired for Sound, Wainscoting, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Door Features: Double Door Entry
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Library
  • Levels: Two
  • Price Per Square Foot: 456.26
  • Room Type: Family Room, Formal Entry, Guest/Maid's Quarters, Exercise Room, Library, Living Room, Master Bedroom, Walk-In Pantry, Walk-In Closet, Recreation, Retreat, Home Theatre, Wine Cellar
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Other Structures: Guest House
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wrought Iron
  • Builder Name: Richard Smith
  • Patio And Porch Features: Concrete
  • Pool Features: Exercise Pool, Infinity, Private, Waterfall
  • Pool Private: Yes
  • Roof: Concrete
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Refrigerator
  • Heating Type: Zoned
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Landscaped, Sprinklers Timer, Sprinkler System
  • Lot Size: 100x254
  • Lot Size Sq Ft: 25400.00
  • Lot Size Acres: 0.5830

Multi Family

  • Lease Considered: No
  • Lot Size Area: 25400.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 12630

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2013
Closed on
May 17, 2013
Sold by
Gream Home Investment Llc
Bought by
Mirate Corporation
Seller's Agent
Vicky Cheng
High Ten Partners, Inc.
Buyer's Agent
Vicky Cheng
High Ten Partners, Inc.
List Price
$5,680,000
Sold Price
$5,450,000
Premium/Discount to List
-$230,000
-4.05%
Current Estimated Value
$7,949,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,499,186
Avg. Annual Appreciation
3.04%

Purchase Details

Closed on
Jan 6, 2012
Sold by
Tran Luong Tuan and Tran Lynne My
Bought by
Gream Home Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,460,000
Interest Rate
3.93%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 6, 2011
Sold by
Chase Estella P and Estella P Chase Trust
Bought by
Tran Luong Tuan and Tran Lynne My

Purchase Details

Closed on
Oct 6, 1993
Sold by
Chase Estella P
Bought by
Chase Estella P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Mirate Corporation $5,450,000 Title 365
Gream Home Investment Llc -- Stewart
Tran Luong Tuan $1,558,000 Equity Title Company
Chase Estella P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gream Home Investment Llc $2,460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2013 05/24/13 Sold $5,450,000 -4.0% $456 / Sq Ft
05/02/2013 05/02/13 Pending -- -- --
04/26/2013 04/26/13 For Sale $5,680,000 -- $476 / 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 $72,885 $6,711,274 $4,697,895 $2,013,379
2024 $72,885 $6,579,681 $4,605,780 $1,973,901
2023 $71,343 $6,450,669 $4,515,471 $1,935,198
2022 $68,949 $6,324,186 $4,426,933 $1,897,253
2021 $67,678 $6,200,183 $4,340,131 $1,860,052
2019 $65,999 $6,016,284 $4,211,401 $1,804,883
2018 $64,398 $5,898,319 $4,128,825 $1,769,494
2016 $63,194 $5,669,283 $3,968,499 $1,700,784
2015 $62,083 $5,584,126 $3,908,889 $1,675,237
2014 $61,155 $5,474,742 $3,832,320 $1,642,422
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2013

    Vicky Cheng

    High Ten Partners, Inc.

    (626) 445-5500

    3 Total Sales

    Vicky Cheng
    Section Image

  • B

    Seller Co-Listing Agent in 2013

    Beverly Holmes

    Coldwell Banker Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13075720

California Regional Multiple Listing Service (CRMLS)

APN: 5787-004-004

California Los Angeles County Arcadia 91007

231 Walnut Ave, Arcadia, CA

Not Listed for Sale

Detached

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