NOT LISTED FOR SALE

501 Drake Rd Arcadia, CA 91007

Estimated Value: $1,588,244 - $1,858,000

4 Beds
4 Baths
2,154 Sq Ft
$805/Sq Ft Est. Value

Highlights

  • Guest House
  • Primary Bedroom Suite
  • Mountain View
  • Hugo Reid Elementary School Rated A+
  • Updated Kitchen
  • Maid or Guest Quarters

About This Home

As of April 2021

This updated traditional single family home located in the most desirable of Lower Rancho neighborhood of Arcadia, convenient location close to H Market shopping center, Arcadia Mall, Santa Anita Racetrack, County Arboretum, golf course and I-210 Freeway. Featuring main house with 3 bedrooms, 3 Baths with two suites plus 168 SF of guest quarter next to garage. Large living room with Mountain View, family room with French doors overlooking to the backyard with cement floor great for sport playground, gourmet kitchen with breakfast area and laundry room, formal dining room with chandelier,
recessed lightings, new interior painting and new sanded wood floors, double panned windows, central air and heating system, remote gate, two car garage and one carport. Award winning schools, move-in condition.

Last Agent to Rent the Property

Jean Huang

Wetrust Realty License #01053756 Listed on: 04/16/2021

Last Renter's Agent

Andrea Wong

Berkshire Hathaway HomeServices California Properties License #01319390

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 10,772 Sq Ft Lot
  • Property is zoned ARR1D*

Parking

  • 2 Car Garage
  • 1 Carport Space

Home Design

  • Traditional Architecture
  • Tile Roof

Interior Spaces

  • 2,154 Sq Ft Home
  • 1-Story Property
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Mountain Views

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Maid or Guest Quarters
  • 4 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Homes

  • Guest House

Schools

  • Hugo Reid Elementary School
  • Foothill Middle School
  • Arcadia High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $6,000
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 4/16/21
  • Tax Lot 52
  • Tax Tract Number 13177
  • Assessor Parcel Number 5777009011

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

10,772 Sq Ft Lot

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2021-04-16
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 400
  • Deposit Other: 400
  • Deposit Pets: 500
  • Deposit Security: 6000
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Inclusions: Gardening service
  • Property Attached: No
  • View: Yes
  • Zoning: ARR1D*
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 5777009011
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2154.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Area, Dining Room
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1.99
  • Room Type: All Bedrooms Down, Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Two Masters, Walk-In Closet
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Remodeled
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Other Structures: Guest House
  • View: Mountain(s)
  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: In Closet, In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • Elementary School: Hugo Reid
  • High School: Arcadia
  • Middle Or Junior School: Foothill
  • Elementary School #2: HUGREI
  • High School2: ARCADI

Lot Info

  • Additional Parcels: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10772.00
  • Lot Size Acres: 0.2473

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 10772.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Gardener

Tax Info

  • Tax Census Tract: 4307.01
  • Tax Lot: 52
  • Tax Tract Number: 13177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2013
Sold by
Chu Cheng Y and Chu Kathy Y
Bought by
Chu Cheng Yuang and Chu Kathy Ya Chiu
Current Estimated Value
$1,734,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,600
Outstanding Balance
$139,608
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,595,203

Purchase Details

Closed on
Nov 18, 2011
Sold by
Chu Cheng Yuan and Chu Kathy Ya Chiung
Bought by
Chu Cheng Y and Chu Kathy Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2011
Sold by
Chu Cheng Y and Chu Kathy Y
Bought by
Chu Cheng Yuan and Chu Kathy Ya Chiun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2008
Sold by
Chu Cheng and Chu Kathy
Bought by
Chu Cheng Y and Chu Kathy Y

Purchase Details

Closed on
May 5, 2005
Sold by
Chen George M T and Chen Alice
Bought by
Chu Cheng and Chu Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2004
Sold by
Chen George M T
Bought by
Chen George M T and Chen Alice

Purchase Details

Closed on
Sep 20, 1999
Sold by
Chin Lily and Chu Jennifer
Bought by
Chen George M T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,400
Interest Rate
7.25%
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
Chu Cheng Yuang -- Wfg Title
Chu Cheng Y -- Accommodation
Chu Cheng Yuan -- Lsi Title Company
Chu Cheng Y -- None Available
Chu Cheng $958,000 Investors Title Company
Chen George M T -- --
Chen George M T $395,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Cheng Yuang $204,600
Closed Chu Cheng Yuan $230,000
Closed Chu Cheng $500,000
Previous Owner Chen George M T $316,400
Closed Chu Cheng $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2021 04/27/21 Rented $4,280 0.0% --
04/22/2021 04/22/21 Under Contract -- -- --
04/16/2021 04/16/21 For Rent $4,280 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,015 $1,335,351 $1,056,580 $278,771
2024 $15,015 $1,309,168 $1,035,863 $273,305
2023 $14,702 $1,283,499 $1,015,552 $267,947
2022 $14,219 $1,258,334 $995,640 $262,694
2021 $13,963 $1,233,662 $976,118 $257,544
2019 $13,627 $1,197,073 $947,167 $249,906
2018 $13,245 $1,173,602 $928,596 $245,006
2016 $12,955 $1,128,032 $892,539 $235,493
2015 $12,729 $1,111,089 $879,133 $231,956
2014 $12,551 $1,089,325 $861,912 $227,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21080060

California Regional Multiple Listing Service (CRMLS)

APN: 5777-009-011

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