NOT LISTED FOR SALE

246 Arbolada Dr Arcadia, CA 91006

Estimated Value: $5,478,195 - $8,315,000

7 Beds
7 Baths
7,900 Sq Ft
$825/Sq Ft Est. Value

Last Sold August 06, 2015

Last sale price $4,560,000 $577 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $38,716/month

121 Days on Market

Highlights

  • Guest House
  • Koi Pond
  • Built in 2006 | Newly Remodeled
  • Highland Oaks Elementary School Rated A+
  • Projection Room
  • Heated In Ground Pool

About This Home

As of August 2015

MAJOR PRICE REDUCTION! GREAT BUY! Extraordinary custom luxury estate, built by the owner. Prestigious Santa Anita Oaks area in north Arcadia. Expansive 7 bedroom, 7 bath home with 16 foot ceiling foyer entry, home theatre with high quality Bang Olufsen system. Approx. 7,900 sq. ft. of living area including the guest house. Top quality materials and custom built boasts a pride of ownership. Main dwelling offers 6 BR, 6BA, 2 BR downstairs. 4 generous room size all suites upstairs with walk-in closets. Main master suite faces south with dramatic view to the paradise back yard area, very large his and her walk-in closets and Yoga/Pilates area, sitting area with fire place. 5 fireplaces, 4 zoned A/C/heating system, Soft water system, two staircases, main stairs in the front and rear staircase for family use. Two laundry rooms up and down stairs or convenience. Beautiful professional landscaping, Great Entertaining park like backyard, Pool house for entertaining. Salt water pool, sculpture hippo waterfall with water slide. Very serene Pagoda style gazebo with spacious sitting area with fire place. Large Koi fish pond opens to under the gazebo, Built-in golf practice cage. Guest house offers in-door/out-door large shower. CCTV, Alarm system.
Must see property.

Last Agent to Sell the Property

Imy Dulake

Coldwell Banker Realty License #00987845 Listed on: 02/02/2015

Coldwell Banker Realty

Last Buyer's Agent

Betty Yabu

Betty Yoko Yabu, BROKER License #00595090

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006 | Newly Remodeled

Lot Details

  • 0.7 Acre Lot
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Lawn

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Three Garage Doors
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Parking Lot
  • RV Access or Parking

Property Views

  • Woods
  • Mountain
  • Hills
  • Pool
  • Neighborhood

Home Design

  • Custom Home
  • Entry on the 1st floor
  • Turnkey
  • Block Foundation
  • Slab Foundation
  • Interior Block Wall
  • Tile Roof
  • Concrete Roof
  • Pre-Cast Concrete Construction
  • Copper Plumbing

Interior Spaces

  • 7,900 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Custom Window Coverings
  • Double Door Entry
  • Great Room
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Projection Room
  • Home Theater
  • Den with Fireplace
  • Bonus Room
  • Storage
  • Utility Room
  • Home Gym

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Walk-In Pantry
  • Double Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Maid or Guest Quarters
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Alarm System
  • Security Lights
  • Intercom
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Exercise
  • Gas Heated Pool
  • Saltwater Pool
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Fireplace in Patio
  • Koi Pond
  • Exterior Lighting
  • Gazebo
  • Rain Gutters

Additional Homes

  • Guest House

Utilities

  • High Efficiency Air Conditioning
  • Forced Air Zoned Heating and Cooling System
  • High Efficiency Heating System
  • Gas Water Heater
  • Water Softener
  • Phone System

Community Details

  • No Home Owners Association
  • Foothills

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 10617
  • Assessor Parcel Number 5770019016

Home Details

Home Type

Single Family

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security Lights, Fire and Smoke Detection System, Security System, Wired for Alarm System
  • View: Yes
  • Architectural Style: Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5770019016
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7900.00
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Built-in Features, Balcony, Block Walls, Cathedral Ceiling(s), Crown Molding, Wired for Data, Copper Plumbing Full, Granite Counters, Home Automation System, High Ceilings, Intercom, Open Floorplan, Phone System, Pantry, Recessed Lighting, Storage, Wired for Sound, Two Story Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 7
  • Total Bedrooms: 7
  • Door Features: Double Door Entry
  • Eating Area: Breakfast Nook, Dining Room, Separated
  • Entry Level: 1
  • Fireplace Features: Den, Gas, Gas Starter, Master Bedroom, Master Retreat, Patio
  • Levels: Two
  • Price Per Square Foot: 577.22
  • Room Type: All Bedrooms Down, All Bedrooms Up, Bonus Room, Entry, Family Room, Formal Entry, Foyer, Galley Kitchen, Guest/Maid's Quarters, Great Room, Exercise Room, Living Room, Media Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Projection, Walk-In Closet, Separate Family Room, Office, Home Theatre, Two Masters, Utility Room
  • Window Features: Custom Covering, Double Pane Windows
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Block, Slab
  • Other Structures: Guest House, Gazebo
  • Exterior Features: Koi Pond, Lighting, Rain Gutters
  • View: Hills, Mountain(s), Neighborhood, Pool, Trees/Woods
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Covered, Patio Open, Porch, Rear Porch, Slab, Stone
  • Pool Features: Exercise Pool, Heated, Gas Heat, In Ground, Private, Salt Water, Waterfall
  • Pool Private: Yes
  • Roof: Concrete, Tile
  • Construction Materials: Concrete

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Concrete, Driveway, Direct Garage Access, Garage Door Opener, Parking Space, Private, RV Potential, RV Access/Parking, Garage Faces Side, Street, Built-In Storage, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Double Oven, Dishwasher, Disposal, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Water Heater, Water Softener
  • Electric: Electricity - On Property
  • Heating Type: Central, High Efficiency, Zoned
  • Laundry Features: Gas Dryer Hookup, Inside, Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air, High Efficiency, Zoned
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Front Yard, Level, Lawn, Rectangular Lot, Level with Street, Lot 20000-39999 Sqft, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Sprinkler System, Walkstreet
  • Lot Size Sq Ft: 30313.00
  • Price Per Lot Square Foot: 150.43
  • Lot Size Acres: 0.6960

Multi Family

  • Lease Considered: No
  • Lot Size Area: 30313.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 10617

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2015
Closed on
Jun 9, 2015
Sold by
Lee Hac Song and Nam Stella Heui Ja
Bought by
The Timothy & Kristine Chen Family Trust
Seller's Agent
Imy Dulake
Coldwell Banker Realty
Buyer's Agent
Betty Yabu
Betty Yoko Yabu, BROKER
List Price
$5,888,888
Sold Price
$4,560,000
Premium/Discount to List
-$1,328,888
-22.57%
Current Estimated Value
$6,514,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,954,799
Avg. Annual Appreciation
3.47%
Original Mortgage
$3,192,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 20, 2014
Sold by
Hac Song Lee and Stella Heui Ja Nam Revoca
Bought by
Lee Hac Song and Nam Stella Heui Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2005
Sold by
Lersey Peter M
Bought by
Hac Song Lee and Stella Heui Ja Nam Revoca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$777,500
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2000
Sold by
Lersey Peter M and Lersey Susan M
Bought by
Lersey Peter M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,000
Interest Rate
8%

Purchase Details

Closed on
Mar 20, 1998
Sold by
Dykeman Francis C and Dykeman Marie E
Bought by
Lersey Peter M and Lersey Susan M

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
7.06%
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
The Timothy & Kristine Chen Family Trust $4,560,000 Equity Title Los Angeles
Lee Hac Song -- Stewart Title
Hac Song Lee $1,555,000 First American Title Company
Lersey Peter M -- United Title Company
Lersey Peter M $860,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Timothy & Kristine Chen Family Trust $3,192,000
Previous Owner Lee Hac Song $1,500,000
Previous Owner Hac Song Lee $777,500
Previous Owner Lersey Peter M $860,000
Previous Owner Lersey Peter M $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2015 08/06/15 Sold $4,560,000 -8.8% $577 / Sq Ft
06/03/2015 06/03/15 Pending -- -- --
05/04/2015 05/04/15 Price Changed $5,000,000 -12.1% $633 / Sq Ft
03/09/2015 03/09/15 Price Changed $5,688,000 -3.4% $720 / Sq Ft
02/02/2015 02/02/15 For Sale $5,888,888 -- $745 / 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 $58,630 $5,398,111 $3,051,827 $2,346,284
2024 $58,630 $5,292,267 $2,991,988 $2,300,279
2023 $57,389 $5,188,498 $2,933,322 $2,255,176
2022 $55,463 $5,086,763 $2,875,806 $2,210,957
2021 $54,453 $4,987,023 $2,819,418 $2,167,605
2019 $53,103 $4,839,107 $2,735,794 $2,103,313
2018 $51,818 $4,744,223 $2,682,151 $2,062,072
2016 $50,861 $4,560,000 $2,578,000 $1,982,000
2015 $32,441 $2,896,425 $1,803,503 $1,092,922
2014 $31,969 $2,839,689 $1,768,175 $1,071,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15022239

California Regional Multiple Listing Service (CRMLS)

APN: 5770-019-016