NOT LISTED FOR SALE

355 W Lemon Ave Arcadia, CA 91007

Estimated Value: $5,528,151 - $6,210,000

6 Beds
9 Baths
9,588 Sq Ft
$615/Sq Ft Est. Value

Last Sold August 27, 2024

Last sale price $5,450,000 $568 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $36,008/month

215 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • Primary Bedroom Suite
  • Baldwin Stocker Elementary School Rated A+
  • Private Pool
  • 3-minute walk to Baldwin Stocker Park

About This Home

As of August 2024

Magnificent almost brand new 9,588 square feet 7-bedroom 9 bath this elegant Mediterranean-inspired estate is located in one of the finest streets in prestigious west Arcadia. Gated circular drive-way surrounded by meticulously designed landscaping. Artistic and spacious grand foyer with ultra-high-end finishes hand-painted ceiling and graceful white marble flooring, beautiful chandeliers illuminate the entire house add to the grandiose charm. A center courtyard can be seen from the immaculate formal living, extra high ceiling formal dining room, and sophisticated morning nook. Monumental scale and perfect for a massive art collection. This all en-suite estate features a downstairs Junior Master bedroom, Library, immense movie theater, A upstairs Master bedroom with retreat, rainfall showers with steam and a boutique-like walk-in closet. Gym, Sauna, 4 car garages, extra carports, dual chef?s kitchen with top of line appliances. Stylish pool, hot tub, and grass area make this backyard your very own 5-star resort. Center of this masterful architectural gem is 3-sided wine celler visible from the living room, dining room and second floor. Arcadia school, walking distance to Baldwin Stocker elementary. A jewel of the highest quality in a triple prime location.

Last Agent to Sell the Property

Lei Tong

SoCal Premier Properties Brokerage Phone: 626-838-9923 License #02021954 Listed on: 01/08/2024

Co-Listed By

Xiao Cash Li

SoCal Premier Properties Brokerage Phone: 626-838-9923 License #01385377

Last Buyer's Agent

Mandy Zheng

High Ten Partners, Inc. License #01961511

High Ten Partners, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019

Lot Details

  • 0.47 Acre Lot
  • Wrought Iron Fence
  • Property is zoned ARRO*

Parking

  • 4 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Concrete Roof
  • Stucco

Interior Spaces

  • 9,588 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Mountain Views
  • Six Burner Stove
  • Laundry Room

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 9 Full Bathrooms

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Schools

  • Arcadia High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 10985
  • Assessor Parcel Number 5785007008
  • $1,432 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 2019

Lot Details

0

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: ARRO*
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5785007008
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 9588.00 Square Feet
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 9
  • Total Bedrooms: 6
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 568.42
  • Room Type: Main Floor Bedroom, Primary Suite, Media Room, Wine Cellar
  • Spa Features: Private

Exterior Features

  • Patio: Yes
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wrought Iron
  • Patio And Porch Features: Front Porch
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Concrete
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • High School: Arcadia
  • High School2: ARCADI

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20612.00
  • Lot Size Acres: 0.4732

Multi Family

  • Lease Considered: No
  • Lot Size Area: 20612.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4317.01
  • Tax Lot: 18
  • Tax Tract Number: 10985
  • TaxOtherAnnualAssessmentAmount: 1432.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Aug 15, 2024
Sold by
Liu Hangcheng and Zou Yang
Bought by
Lu And Zheng Family Trust and Lu
Seller's Agent
Lei Tong
SoCal Premier Properties
Buyer's Agent
Mandy Zheng
High Ten Partners, Inc.
List Price
$6,280,000
Sold Price
$5,450,000
Premium/Discount to List
-$830,000
-13.22%
Views
207
Current Estimated Value
$5,899,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,288
Avg. Annual Appreciation
6.09%

Purchase Details

Listed on
Oct 14, 2019
Closed on
Mar 27, 2020
Sold by
Frontage Estates Llc
Bought by
Liu Hangcheng and Zou Yang
Seller's Agent
Lei Tong
eXp Realty of California Inc
Buyer's Agent
Rachel Chen
Pinnacle Real Estate Group
List Price
$5,980,000
Sold Price
$5,150,000
Premium/Discount to List
-$830,000
-13.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.29%
Original Mortgage
$3,350,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2014
Sold by
Wei Wilton
Bought by
Frontage Estates Llc

Purchase Details

Closed on
Aug 5, 2010
Sold by
Wei Wilton
Bought by
Wei Wilton and Wei Marie Yang

Purchase Details

Closed on
Apr 1, 2002
Sold by
Tsai Huang Shu Man
Bought by
Wei Wilton and Yang Man Qing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.87%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 8, 1996
Sold by
Kleven Charles W
Bought by
Tsai Huang Shu Man
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lu And Zheng Family Trust $5,450,000 California Best Title
Liu Hangcheng $5,150,000 Stewart Title
Frontage Estates Llc $2,260,000 Wfg Title Company Of Ca
Wei Wilton -- None Available
Wei Wilton $630,000 Fidelity Title
Tsai Huang Shu Man -- --
Tsai Huang Shu Man $450,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liu Hangcheng $3,350,000
Previous Owner Wei Wilton $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2024 08/27/24 Sold $5,450,000 -11.8% $568 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
07/11/2024 07/11/24 Price Changed $6,180,000 -1.6% $645 / Sq Ft
01/08/2024 01/08/24 For Sale $6,280,000 +21.9% $655 / Sq Ft
03/31/2020 03/31/20 Sold $5,150,000 -9.3% $537 / Sq Ft View Prior Sale
11/29/2019 11/29/19 Price Changed $5,680,000 -5.0% $592 / Sq Ft
10/14/2019 10/14/19 For Sale $5,980,000 0.0% $624 / Sq Ft
03/01/2016 03/01/16 Rented $2,680 -4.3% --
01/19/2016 01/19/16 Price Changed $2,800 -15.2% $1 / Sq Ft
09/15/2015 09/15/15 For Rent $3,300 0.0% --
08/19/2015 08/19/15 Off Market $3,300 -- --
07/29/2015 07/29/15 For Rent $3,300 -5.7% --
07/02/2014 07/02/14 Rented $3,500 -7.9% --
06/02/2014 06/02/14 Under Contract -- -- --
05/27/2014 05/27/14 For Rent $3,800 -- --
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 $61,183 $5,450,000 $3,000,000 $2,450,000
2024 $61,183 $5,521,837 $1,640,359 $3,881,478
2023 $59,887 $5,413,567 $1,608,196 $3,805,371
2022 $57,877 $5,307,419 $1,576,663 $3,730,756
2021 $56,811 $5,203,353 $1,545,749 $3,657,604
2020 $52,808 $4,843,000 $2,318,100 $2,524,900
2019 $56,897 $5,188,720 $2,483,552 $2,705,168
2018 $46,965 $4,317,255 $2,434,855 $1,882,400
2016 $26,301 $2,340,305 $1,872,245 $468,060
2015 $25,840 $2,305,153 $1,844,123 $461,030
2014 $8,966 $765,241 $568,450 $196,791
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24003056

California Regional Multiple Listing Service (CRMLS)

APN: 5785-007-008