NOT LISTED FOR SALE

4445 Arcola Ave Toluca Lake, CA 91602

Estimated Value: $2,474,000 - $3,009,000

6 Beds
5 Baths
3,031 Sq Ft
$887/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $2,320,000 $765 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $16,498/month

81 Days on Market

Highlights

  • Solar Power System
  • Engineered Wood Flooring
  • High Ceiling
  • Living Room with Fireplace
  • Spanish Architecture
  • No HOA

About This Home

As of November 2022

Incredible PRICE IMPROVEMENT! Absolutely stunning remodeled Spanish Montecito-inspired home with 6 Bedrooms, 5 Baths and over 3000 Sq. ft. This beauty is located in highly coveted Toluca Lake. A captivating modern blend of timeless design & character rich detailing destined to be your forever destination. Originally built in 1940, the home has been extensively renovated, maintaining the integrity of its original charm while imbuing even more appeal.This epic 2-story home offers an open floor plan, abundant Natural light, Vaulted beamed ceilings in the living room and elegant Main Suite, New wide-plank European White Oak wood floors throughout, gorgeous fireplace is the focal point of the living room, large secondary bedrooms, and separate laundry room. Also has several Eco Friendly features, includes 2 year-old solar panels (fully paid-off), tankless water heater, double-paned windows, water filtration system, and LED lighting.The brand new designer-done Gourmet chef's kitchen has all brand new appliances including a Sub-Zero refrigerator and Wolf range, gorgeous Silestone quartz countertops and custom cabinetry that will please the pickiest chef. The double sided Breakfast Bar opens to the large family room, provides casual seating and invites family and friends to interact with the cook. This kitchen has great storage space. French doors from the family room open to a charming brick court yard with a lovely fountain and leads to a large grassy yard (room for a pool). This sensational indoor/outdoor flow features a combination of hardscape and landscape making Al Fresco dining a must! Retreat upstairs to your Magnificent Primary Bedroom Suite - boasts vaulted beamed high-ceilings with a spacious Sitting Area, Walk-in Closet, 2 separate Sink Stations, oversized Steam Shower and fabulous Claw-foot Soaking Tub, and a lovely balcony overlooking the lush and very private backyard.Attached 2 car garage, with built-in storage cabinets and direct access to the house . Opens to the laundry room - great place to use as a Mud Room. This beautiful home is conveniently located in one of Toluca Lake's best neighborhoods. Steps away from the Bob Hope estate. Superb location - steps to everything: quaint coffee houses, dining, shopping, supermarkets, Farmers Market. Nearby major studios: Disney, Universal Studios, Warner Bros., Animation Studios. Lakeside Golf Club and Toluca Lake Tennis Club.

Last Agent to Sell the Property

Paula Reavlin

Equity Union License #01779600 Listed on: 08/15/2022

Equity Union

Last Buyer's Agent

Nancy Elieff

Beverly and Company, Inc. License #00972276

Beverly and Company, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,797

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 7,602 Sq Ft Lot
  • Lot Dimensions are 56x136
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,031 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • French Doors
  • Living Room with Fireplace
  • Dining Room
  • Engineered Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater
  • Water Purifier

Additional Features

  • Solar Power System
  • Balcony

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2424-005-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,797

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3031
  • Lot Acreage: 0.1745
  • Lot Dimensions: 56x136
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Engineered Hardwood
  • Bedrooms: 6
  • Full Bathroom: 5
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer, Water Filter
  • Price Per S Q F T: 824.81

Exterior Features

  • Other Features: Balcony, French Doors, High Ceilings (9 Feet+)
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: On street, Garage Is Attached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Cooling: Central, Multi/Zone
  • Heating: Central, Zoned

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 2424-005-031
  • Lot Size Area: 7602

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2022
Closed on
Nov 8, 2022
Sold by
Merchant Huey B and Merchant Edgard Steven
Bought by
Ellen Soo Family Trust
Seller's Agent
Paula Reavlin
Equity Union
Buyer's Agent
Nancy Elieff
Beverly and Company, Inc.
List Price
$2,749,999
Sold Price
$2,320,000
Premium/Discount to List
-$429,999
-15.64%
Views
116
Current Estimated Value
$2,688,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,076
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
Feb 26, 2010
Sold by
Merchant Huey B
Bought by
Merchant Huey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,610
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2005
Sold by
Malloy Brendan Patrick and Malloy Amy
Bought by
Merchant Huey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,000
Interest Rate
6.14%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 15, 2002
Sold by
Mccann Marguerite and Edwards Doreen L
Bought by
Malloy Brendan Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5%

Purchase Details

Closed on
Oct 28, 1999
Sold by
Trust Mccann Marguerite Tr Marguerite Mc
Bought by
Mccann Marguerite
Source: Public Records

Range of Values:

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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
Ellen Soo Family Trust $2,320,000 Lawyers Title
Merchant Huey B -- None Available
Merchant Huey B $940,000 California Title Company
Malloy Brendan Patrick $435,000 Equity Title
Mccann Marguerite -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merchant Huey B $689,610
Previous Owner Merchant Huey B $752,000
Previous Owner Malloy Brendan Patrick $348,000
Closed Malloy Brendan Patrick $65,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2022 11/18/22 Sold $2,320,000 -7.2% $765 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/07/2022 10/07/22 Price Changed $2,499,999 -9.1% $825 / Sq Ft
08/15/2022 08/15/22 For Sale $2,749,999 -- $907 / Sq Ft
Source: The MLS

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 $28,797 $2,413,727 $1,768,367 $645,360
2024 $28,797 $2,366,400 $1,733,694 $632,706
2023 $28,233 $2,320,000 $1,699,700 $620,300
2022 $17,340 $1,460,496 $968,390 $492,106
2021 $17,122 $1,431,859 $949,402 $482,457
2019 $16,605 $1,389,392 $921,244 $468,148
2018 $16,480 $1,362,150 $903,181 $458,969
2016 $15,744 $1,309,258 $868,110 $441,148
2015 $15,512 $1,289,593 $855,071 $434,522
2014 $15,558 $1,264,333 $838,322 $426,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-188943

The MLS

APN: 2424-005-031