NOT LISTED FOR SALE

422 Drake Rd Arcadia, CA 91007

Estimated Value: $3,112,707 - $3,423,000

4 Beds
4.5 Baths
3,510 Sq Ft
$935/Sq Ft Est. Value

Last Sold May 08, 2019

Last sale price $2,330,000 $664 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $19,758/month

58 Days on Market

Highlights

  • Home Theater
  • Primary Bedroom Suite
  • End Unit
  • Hugo Reid Elementary School Rated A+
  • Mountain View
  • 2 Car Attached Garage

About This Home

As of May 2019

Extravagant Newly-Built Home in highly sought-after North Arcadia, where peacocks elegantly add to the already polished curb appeal. This 4 bedroom 4.5 bathroom home features all suites, including a lavish Master, offering you the luxurious Suburban life of your dreams. Masterfully-detailed & move-in ready, 422 Drake combines the convenience of living in a single-story home with the stylish feel of a modern-day palace. The Main entrance welcomes you to a gorgeous marble-floored foyer; a cozy private office sits opposite a spacious living and dining area featuring chic wood floors & an immaculate traditional fireplace. The Grand hall guides you from the foyer to a naturally-lit Family and Kitchen area featuring an open-concept, high ceilings, and a wet bar, perfect for entertainment. Highlights of the Kitchen include sleek Quartz counter-tops with modern French-inspired cabinets, a stunning Marble island & Gourmet appliances, including a deluxe refrigerator stylishly built into the cabinetry. Culinary enthusiasts will be enamored by the additional Caterer’s kitchen concealed behind closed doors. This home's private Theater room with sound-absorbing acoustic panels will provide an incredible movie-night experience for you and your loved ones. The manicured backyard offers an excellent private space to relax or enjoy cook-outs. This property is truly impeccable; paired with the award-winning Arcadia School District, this home is the ideal place to raise a wholesome family.

Last Agent to Sell the Property

Sharon Liu

Re/Max Premier Prop Arcadia License #01720175 Listed on: 01/28/2019

Re/Max Premier Prop Arcadia

Last Buyer's Agent

Anna Wang

Keller Williams Realty License #01405688

Keller Williams Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019

Lot Details

  • 9,676 Sq Ft Lot
  • End Unit
  • Back Yard
  • Property is zoned ARR1D*

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 3,510 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Home Theater
  • Center Hall
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite

Schools

  • Foothills Middle School
  • Arcadia High School

Utilities

  • Zoned Heating and Cooling

Community Details

  • Property has a Home Owners Association
  • Arcadia Village Association, Phone Number (626) 758-0937

Listing and Financial Details

  • Tax Lot 65
  • Tax Tract Number 13177
  • Assessor Parcel Number 5777012006

Home Details

Home Type

Single Family

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: ARR1D*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5777012006
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3510.00 Square Feet
  • Stories: 1
  • Common Walls: End Unit, No Common Walls
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 663.82
  • Room Type: All Bedrooms Down, Center Hall, Entry, Family Room, Home Theatre, Master Bathroom, Master Bedroom, Master Suite, Media Room

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Name: Arcadia Village
  • Phone: 6267580937
  • Senior Community: No
  • Community Features: Curbs

Schools

  • High School: Arcadia
  • Middle Or Junior School: Foothills
  • High School2: ARCADI

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9676.00
  • Lot Size Acres: 0.2221

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9676.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4307.01
  • Tax Lot: 65
  • Tax Tract Number: 13177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2019
Closed on
May 2, 2019
Sold by
Lu Mingju
Bought by
Zhang Kun
Seller's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
Buyer's Agent
Anna Wang
Keller Williams Realty
List Price
$2,628,000
Sold Price
$2,330,000
Premium/Discount to List
-$298,000
-11.34%
Current Estimated Value
$3,282,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$952,927
Avg. Annual Appreciation
5.27%

Purchase Details

Listed on
Jan 28, 2019
Closed on
Apr 30, 2019
Sold by
Hong Mei
Bought by
Zhang Kun
Seller's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
Buyer's Agent
Anna Wang
Keller Williams Realty
List Price
$2,628,000
Sold Price
$2,330,000
Premium/Discount to List
-$298,000
-11.34%

Purchase Details

Listed on
Apr 2, 2015
Closed on
Apr 20, 2015
Sold by
Wen Zhiping
Bought by
Mei Hong
Seller's Agent
Peggy Bray
Hatlen Properties
List Price
$980,000
Sold Price
$1,080,000
Premium/Discount to List
$100,000
10.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.31%
Original Mortgage
$756,000
Interest Rate
3.01%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 2, 2015
Closed on
Apr 7, 2015
Sold by
Foster Donald E
Bought by
Mei Hong
Seller's Agent
Peggy Bray
Hatlen Properties
List Price
$980,000
Sold Price
$1,080,000
Premium/Discount to List
$100,000
10.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,000
Interest Rate
3.01%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 20, 2013
Sold by
Foster Donald E
Bought by
Foster Donald E and Foster Theresa
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
Zhang Kun -- Stewart Title
Zhang Kun $2,330,000 Stewart Title
Mei Hong -- Fidelity National Title Co
Mei Hong $1,080,000 Fidelity
Foster Donald E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mei Hong $756,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2019 05/08/19 Sold $2,330,000 -11.3% $664 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $2,628,000 +143.3% $749 / Sq Ft
05/15/2015 05/15/15 Sold $1,080,000 +10.2% $787 / Sq Ft View Prior Sale
04/04/2015 04/04/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $980,000 -- $714 / 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 $31,309 $2,865,259 $1,447,062 $1,418,197
2024 $31,309 $2,809,079 $1,418,689 $1,390,390
2023 $30,646 $2,754,000 $1,390,872 $1,363,128
2022 $26,954 $2,449,244 $1,125,811 $1,323,433
2021 $26,465 $2,401,221 $1,103,737 $1,297,484
2019 $4,706 $1,890,471 $1,163,581 $726,890
2018 $15,395 $1,385,266 $1,140,766 $244,500
2016 $12,500 $1,096,470 $877,176 $219,294
2015 $2,681 $223,299 $123,807 $99,492
2014 -- $218,926 $121,382 $97,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19009846

California Regional Multiple Listing Service (CRMLS)

APN: 5777-012-006