NOT LISTED FOR SALE

2428 S 2nd Ave Arcadia, CA 91006

Estimated Value: $3,404,031 - $6,775,000

6 Beds
7 Baths
6,592 Sq Ft
$676/Sq Ft Est. Value

Last Sold October 15, 2012

Last sale price $2,692,000 $408 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $26,845/month

67 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Deck
  • Longley Way Elementary School Rated A+
  • Dual Staircase
  • Wood Flooring

About This Home

As of October 2012

This luxury estate is gated for privacy, double door entry into the foyer w/ high ceiling, marble flooring design, double spiral staircase and dazzling chandelier make for a grand entrance. Featuring approx 6,600 Sq. Ft. of living space with 6 bedrms, plus an office/library and upstairs loft area. 2 ground floor suites, great master suite w/ retreat area, private office and balcony access & lavish master bathroom w/ spa tub, 2 walk-in closets and vanity area. Living room is refined with beautiful fireplace as a focal point, formal dining room w/ European boxed ceiling. Large gourmet kitchen w/ granite counters, custom cabinetry, center island and a Wok room (2nd kitchen). Entertain in the family room by the wet bar or outside by the amazing sparkling swimming pool with waterfall, waterslide and spa, your very own tropical oasis. Grill up some food at the built-in BBQ station, serve up drinks at the outdoor gazebo bar. 4-car garage. Enjoy this gorgeous estate and all its splendid features.

Last Agent to Sell the Property

Peggy Fong Chen

Re/Max Omega License #01461698 Listed on: 06/25/2012

Re/Max Omega

Last Buyer's Agent

Ken Lau

Rising Sun Group Inc. License #01726000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 15,359 Sq Ft Lot
  • Sprinklers on Timer

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 6,592 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Recessed Lighting
  • Custom Window Coverings
  • Double Door Entry
  • French Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Loft
  • Pool Views
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • 7 Full Bathrooms

Home Security

  • Home Security System
  • Intercom

Pool

  • In Ground Pool
  • In Ground Spa
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Outdoor Grill

Utilities

  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 5790027020

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0.35 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Security System
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5790027020
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6592.00
  • Interior Amenities: 2 Staircases, Built-in Features, Balcony, Coffered Ceiling(s), Crown Molding, Granite Counters, Intercom, Recessed Lighting, Vacuum Central, Wet Bar
  • Flooring: Stone, Wood
  • Full Bathrooms: 7
  • Total Bedrooms: 6
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 408.37
  • Room Type: Family Room, Foyer, Loft, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry
  • Spa Features: In Ground
  • Window Features: Custom Covering, Drapes
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Pool
  • Patio And Porch Features: Deck
  • Pool Features: In Ground, Waterfall
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Sprinklers Timer
  • Lot Size Sq Ft: 15359.00
  • Lot Size Acres: 0.3530

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15359.0000 Square Feet

Tax Info

  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2012
Closed on
Sep 4, 2012
Sold by
Zhen Juan Lan
Bought by
Chen Xuewei and Chen Bingmei
Seller's Agent
Peggy Fong Chen
Re/Max Omega
Buyer's Agent
Ken Lau
Rising Sun Group Inc.
List Price
$2,738,000
Sold Price
$2,692,000
Premium/Discount to List
-$46,000
-1.68%
Current Estimated Value
$4,455,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,763,758
Avg. Annual Appreciation
3.81%
Original Mortgage
$1,346,000
Outstanding Balance
$960,682
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,495,076

Purchase Details

Closed on
Nov 8, 2006
Sold by
Cheng Michael
Bought by
Zhen Juan Lan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,673,750
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2004
Sold by
Chen Raymond Y T
Bought by
Cheng Michael and Do Binh K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,450
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2004
Sold by
Cheng Mey Tsan
Bought by
Cheng Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,450
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 1996
Sold by
Chen Charles C
Bought by
Chen Raymond Y T and Chen Betty C H

Purchase Details

Closed on
Oct 26, 1993
Sold by
Chen Charles C
Bought by
Chen Raymond Y T and Chen Betty C H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
6.81%

Purchase Details

Closed on
Sep 16, 1993
Sold by
Chen Raymond Y T
Bought by
Chen Raymond Y T and Chen Betty C H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
6.81%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Xuewei $2,692,000 Fatcola
Zhen Juan Lan $2,688,000 Southland Title Company
Cheng Michael $713,000 Stewart Title Of California
Cheng Michael -- Stewart Title
Do Binh K -- Stewart Title
Chen Raymond Y T -- --
Chen Raymond Y T -- Investors Title Company
Chen Raymond Y T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Xuewei $1,346,000
Previous Owner Zhen Juan Lan $1,673,750
Previous Owner Cheng Michael $463,450
Previous Owner Chen Raymond Y T $181,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2012 10/15/12 Sold $2,692,000 -1.7% $408 / Sq Ft
08/31/2012 08/31/12 Pending -- -- --
06/25/2012 06/25/12 For Sale $2,738,000 -- $415 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $36,423 $3,314,995 $979,227 $2,335,768
2024 $36,423 $3,249,996 $960,027 $2,289,969
2023 $35,658 $3,186,271 $941,203 $2,245,068
2022 $34,470 $3,123,797 $922,749 $2,201,048
2021 $33,832 $3,062,547 $904,656 $2,157,891
2019 $32,999 $2,971,712 $877,824 $2,093,888
2018 $32,155 $2,913,444 $860,612 $2,052,832
2016 $31,511 $2,800,314 $827,195 $1,973,119
2015 $30,960 $2,758,251 $814,770 $1,943,481
2014 $30,505 $2,704,221 $798,810 $1,905,411
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12079759

California Regional Multiple Listing Service (CRMLS)

APN: 5790-027-020

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