NOT LISTED FOR SALE

440 N Carmelo Ave Pasadena, CA 91107

Casa Grande Neighborhood

Estimated Value: $1,151,000 - $1,561,040

5 Beds
3 Baths
2,202 Sq Ft
$611/Sq Ft Est. Value

Last Sold May 02, 2017

Last sale price $750,000 $341 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $7,907/month

170 Days on Market

Highlights

  • Cooling System Powered By Gas
  • Laundry Room
  • Carpet
  • Pasadena High School Rated A
  • Floor Furnace

About This Home

As of May 2017

Duplex located in a great part of North East Pasadena. First unit features 3 bedrooms, 2 bathrooms, formal dining room, living room with coved ceiling and fireplace. Second unit is detached, features 2 bedrooms, 1 bathroom the kitchen is open to the dining area. This is a great opportunity to purchase an income producing property, or to live in one and rent out the other. Please note lot size and zoning allows up to 3 units on the property.

Last Agent to Sell the Property

Ohanes 'Hovig' Dimejian CCIM

Berkshire Hathaway Home Services Golden Properties License #00945543 Listed on: 10/15/2016

Berkshire Hathaway Home Services Golden Properties

Last Buyer's Agent

Lucinda Don

DON REALTY License #00530092

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,875 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • Decorative Fireplace
  • Raised Hearth
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 5744024004

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: PSR1
  • Property Type: Residential Income
  • Parcel Number: 5744024004
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Fireplace Features: Decorative, Living Room, Raised Hearth
  • Levels: One
  • Room Type: Living Room

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Cooling: Gas, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7875.00
  • Lot Size Acres: 0.1800

Multi Family

  • Lot Size Area: 7875.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2016
Closed on
Mar 7, 2017
Sold by
Kassardjian Lilly H
Bought by
Eguchi Steven Hiromi
Seller's Agent
Ohanes 'Hovig' Dimejian CCIM
Berkshire Hathaway Home Services Golden Properties
Buyer's Agent
Lucinda Don
DON REALTY
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$1,344,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,510
Avg. Annual Appreciation
6.98%
Original Mortgage
$525,000
Outstanding Balance
$435,237
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$909,273

Purchase Details

Closed on
Oct 27, 1999
Sold by
Gutierrez Luis and Gutierrez Luis A
Bought by
Kassardjian Lilly H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,724
Interest Rate
5.05%

Purchase Details

Closed on
Mar 28, 1996
Sold by
Gutierrez Graciela
Bought by
Gutierrez Luis

Purchase Details

Closed on
Mar 10, 1995
Sold by
Magarinos Norma
Bought by
Gutierrez Luis and Gutierrez Graciela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
9.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 2, 1995
Sold by
Gutierrez Luis and Gutierrez Graciela
Bought by
Magarinos Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
9.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 24, 1995
Sold by
Marcovecchio Livia and The Marcovecchio Family Trust
Bought by
Gutierrez Luis and Gutierrez Graciela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
9.27%
Mortgage Type
Seller Take Back
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
Eguchi Steven Hiromi $750,000 Fidelity Sherman Oaks
Kassardjian Lilly H $225,500 Southland Title
Gutierrez Luis -- --
Gutierrez Luis -- --
Magarinos Norma -- --
Gutierrez Luis $200,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eguchi Steven Hiromi $525,000
Previous Owner Kassardjian Lilly H $202,724
Previous Owner Gutierrez Luis $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2017 05/02/17 Sold $750,000 0.0% $341 / Sq Ft
04/03/2017 04/03/17 Pending -- -- --
10/15/2016 10/15/16 For Sale $750,000 -- $341 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $10,339 $900,997 $696,348 $204,649
2024 $10,339 $883,332 $682,695 $200,637
2023 $10,252 $866,012 $669,309 $196,703
2022 $9,902 $849,033 $656,186 $192,847
2021 $9,499 $832,386 $643,320 $189,066
2020 $9,123 $823,852 $636,724 $187,128
2019 $121 $780,300 $624,240 $156,060
2018 $8,938 $765,000 $612,000 $153,000
2016 $3,695 $292,767 $181,765 $111,002
2015 $3,654 $288,370 $179,035 $109,335
2014 $3,593 $282,722 $175,528 $107,194
Source: Public Records

Agents Affiliated with this Home

  • Ohanes 'Hovig' Dimejian CCIM

    Seller's Agent in 2017

    Ohanes 'Hovig' Dimejian CCIM

    Berkshire Hathaway Home Services Golden Properties

    (626) 797-7622

    24 Total Sales

    Ohanes 'Hovig' Dimejian CCIM
    Section Image

  • L

    Buyer's Agent in 2017

    Lucinda Don

    DON REALTY

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316009732

Pasadena-Foothills Association of REALTORS®

APN: 5744-024-004

California Los Angeles County Pasadena 91107 Casa Grande

440 N Carmelo Ave, Pasadena, CA

Not Listed for Sale

MultiFamily

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