NOT LISTED FOR SALE

485 Walnut Ave Arcadia, CA 91007

Estimated Value: $5,844,000 - $6,505,209

3 Beds
2 Baths
1,794 Sq Ft
$3,434/Sq Ft Est. Value

Last Sold December 27, 2012

Last sale price $1,925,000 $1,073 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $38,564/month

61 Days on Market

Highlights

  • In Ground Pool
  • 31,317 Acre Lot
  • Den
  • Baldwin Stocker Elementary School Rated A+
  • Living Room with Fireplace
  • Breakfast Area or Nook

About This Home

As of December 2012

Prime south facing 31,317 sq ft lot (per assessor) available. Incredible opportunity to build your dream house or a great investment property for a developer. Located in the desirable Baldwin Stocker school area (buyer to check with city). Home is sold "As Is" without warranties or repairs. Sold for Land Value.

Last Agent to Sell the Property

Wendi Lipka

First City Corporation License #01419474 Listed on: 09/16/2012

Last Buyer's Agent

Janet Chan

License #01818618

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 31,317 Acre Lot
  • Property is zoned ARR17500*

Interior Spaces

  • 1,794 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Den
  • Breakfast Area or Nook
  • Laundry in Garage
  • Property Views

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Garage
  • Carport

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5787-002-016

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tear-Down
  • Street Number Display: Yes
  • Living Area: 1794
  • Lot Acreage: 31317.0000
  • Stories: 1
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Tile, Vinyl
  • Bedrooms: 3
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 1270.90

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Private
  • Pool: Yes
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Carport, Garage

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5787-002-016
  • Lot Size Area: 31317

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2017
Sold by
Wang Christina
Bought by
Wang Christina and Wang Bo J
Current Estimated Value
$6,160,802

Purchase Details

Closed on
Jul 14, 2016
Sold by
Wang Christina
Bought by
Wang Christina and Bo J Wang Dynasty Trust

Purchase Details

Closed on
Jan 15, 2015
Sold by
Golden Walnut Llc
Bought by
Wang Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,360,000
Outstanding Balance
$1,767,474
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,393,328

Purchase Details

Closed on
Dec 31, 2014
Sold by
Wang Richard
Bought by
Wang Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,360,000
Outstanding Balance
$1,767,474
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,393,328

Purchase Details

Listed on
Sep 16, 2012
Closed on
Dec 19, 2012
Sold by
Lipka Richard Dale and Lipka Lorraine Genevieve
Bought by
Golden Walnut Llc
Seller's Agent
Wendi Lipka
First City Corporation
Buyer's Agent
Janet Chan
List Price
$2,280,000
Sold Price
$1,925,000
Premium/Discount to List
-$355,000
-15.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$962,500
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage
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
Wang Christina -- None Available
Wang Christina -- None Available
Wang Christina -- None Available
Wang Christina $5,900,000 Fidelity National Title Co
Wang Christina -- Fidelity National Title Co
Golden Walnut Llc $1,925,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Christina $2,360,000
Previous Owner Golden Walnut Llc $962,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2012 12/27/12 Sold $1,925,000 -15.6% $1,073 / Sq Ft
11/16/2012 11/16/12 Pending -- -- --
09/16/2012 09/16/12 For Sale $2,280,000 -- $1,271 / 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 $75,432 $6,951,872 $4,171,124 $2,780,748
2024 $75,432 $6,815,562 $4,089,338 $2,726,224
2023 $73,835 $6,681,924 $4,009,155 $2,672,769
2022 $71,356 $6,550,907 $3,930,545 $2,620,362
2021 $70,044 $6,422,459 $3,853,476 $2,568,983
2019 $68,306 $6,231,968 $3,739,181 $2,492,787
2018 $66,660 $6,109,773 $3,665,864 $2,443,909
2017 $66,726 $5,989,975 $3,593,985 $2,395,990
2016 $66,635 $5,989,975 $3,593,985 $2,395,990
2015 $22,090 $1,972,375 $1,972,375 $0
2014 $21,776 $1,933,739 $1,933,739 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-625037

The MLS

APN: 5787-002-016