NOT LISTED FOR SALE

2507 Lee Ave Arcadia, CA 91006

Estimated Value: $1,487,509 - $1,788,000

3 Beds
3 Baths
1,972 Sq Ft
$854/Sq Ft Est. Value

Last Sold August 07, 2019

Last sale price $1,160,000 $588 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $10,017/month

16 Days on Market

Highlights

  • Wood Flooring
  • Bonus Room
  • No HOA
  • Longley Way Elementary School Rated A+
  • Quartz Countertops
  • Living Room

About This Home

As of August 2019

Must see! This fully remodeled Arcadia School home boasts many features and upgrades done in 2016. Experience the open floor plan with a grand kitchen. Newer Quartz counter tops, cabinets, hardwood and tile flooring, crown molding, windows and shutters, water softener, and tankless water heater. Newer copper plumbing and electrical upgrades throughout. There is a bonus room next to the garage which is dry walled. The beautiful landscaping yard offers many fruit trees including tangerines, lemon, orange, peach, pomegranate, papaya, and avocado.

Last Agent to Sell the Property

Kerry Lam

eXp Realty of California Inc License #01359844 Listed on: 05/31/2019

eXp Realty of California Inc

Last Buyer's Agent

ZHENCHEN WAN

BESTARTING GROUP CORP License #01971956

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 7,714 Sq Ft Lot
  • Property is zoned ARR1*

Parking

  • 2 Car Garage

Interior Spaces

  • 1,972 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Bonus Room
  • Wood Flooring
  • Quartz Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Quartz Bathroom Countertops
  • Walk-in Shower

Outdoor Features

  • Exterior Lighting

Schools

  • Arcadia High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 19707
  • Assessor Parcel Number 5789029002

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: ARR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5789029002
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1972.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 588.24
  • Room Type: Bonus Room, Family Room, Living Room
  • Bathroom Features: Quartz Counters, Remodeled, Upgraded, Walk-In Shower
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • High School: Arcadia
  • High School2: ARCADI

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7714.00
  • Lot Size Acres: 0.1771

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7714.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 19707

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Jul 8, 2019
Sold by
Phan Kenny G and Lam Vanessa
Bought by
Yan Xing
Seller's Agent
Kerry Lam
eXp Realty of California Inc
Buyer's Agent
ZHENCHEN WAN
BESTARTING GROUP CORP
List Price
$1,230,000
Sold Price
$1,160,000
Premium/Discount to List
-$70,000
-5.69%
Current Estimated Value
$1,684,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,627
Avg. Annual Appreciation
6.00%
Original Mortgage
$928,000
Outstanding Balance
$803,202
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$881,425

Purchase Details

Closed on
Dec 4, 2015
Sold by
Tapp John D
Bought by
Phan Kenny G and Lam Vanessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2002
Sold by
Achilles Achilles Z Z and Achilles Trust A
Bought by
Tapp Lynda

Purchase Details

Closed on
Mar 3, 1995
Sold by
Achilles Achilles Z Z and Achilles Trust B
Bought by
Achilles Achilles Z and Achilles Trust A
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
Yan Xing $1,160,000 First American Title Company
Phan Kenny G $885,000 Lawyers Title Company
Tapp Lynda -- --
Achilles Achilles Z -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yan Xing $928,000
Previous Owner Phan Kenny G $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2019 08/07/19 Sold $1,160,000 -5.7% $588 / Sq Ft
05/31/2019 05/31/19 For Sale $1,230,000 0.0% $624 / Sq Ft
02/07/2014 02/07/14 Rented $2,798 0.0% --
01/08/2014 01/08/14 Under Contract -- -- --
01/03/2014 01/03/14 For Rent $2,798 +11.9% --
12/10/2012 12/10/12 Rented $2,500 -16.6% --
12/10/2012 12/10/12 Under Contract -- -- --
09/28/2012 09/28/12 For Rent $2,998 -- --
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 $14,277 $1,268,625 $975,202 $293,423
2024 $14,277 $1,243,751 $956,081 $287,670
2023 $13,980 $1,219,365 $937,335 $282,030
2022 $13,521 $1,195,456 $918,956 $276,500
2021 $13,276 $1,172,017 $900,938 $271,079
2020 $13,109 $1,160,000 $891,700 $268,300
2019 $10,760 $939,168 $657,948 $281,220
2018 $10,446 $920,754 $645,048 $275,706
2016 $10,195 $885,000 $620,000 $265,000
2015 $1,796 $113,174 $38,531 $74,643
2014 $1,785 $110,958 $37,777 $73,181
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19127913

California Regional Multiple Listing Service (CRMLS)

APN: 5789-029-002