NOT LISTED FOR SALE

Estimated Value: $1,413,000 - $1,710,685

5 Beds
3 Baths
2,284 Sq Ft
$690/Sq Ft Est. Value

Last Sold December 26, 2023

Last sale price $1,267,500 $555 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,548/month

67 Days on Market

Highlights

  • 0.38 Acre Lot
  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • John Muir High School Rated A-
  • No HOA
  • 4-minute walk to Washington Park

About This Home

As of December 2023

Situated on a 16,430 square foot flat lot in the newly designated Craftsman Heights Landmark District, 515 Prescott Street includes a 2,284 square foot main home, a 338 square foot guest home, a 446 square foot studio, and a 575 square foot garage. Additionally, the Seller is willing to carry the loan for qualified buyers! Built in 1903 in the Bungalow style, the main home consists of 4 bedrooms and 3 bathrooms. The first level offers a formal entry, spacious living room, large dining room, two bedrooms, and two bathrooms. The second level includes two additional bedrooms, an office with balcony, and a bathroom. The home boasts tall ceilings with original detailing with good 'bones' but needs love and attention to bring it back to its glory days.The guest house is quaint with a kitchenette, dining/living room, bedroom, and bathroom. There is also a patio off the bedroom that is fully fenced with greenery all around. The garage was built in 1991 and has been separated into two spaces. The front portion is a traditional garage with accommodation for 2 cars and plenty of extra room for shelving. There is also a drop-down ladder for attic access. The rear portion can be used as a studio/office and includes flooring, recessed lighting, and a wall of French doors to the brick patio. The lot seems to go on forever. At over a 1/3 of an acre, the lot includes more parking than one needs, multiple patios, raised garden beds, a gazebo, mature hedges, and privacy from all sides.With the proper vision and motivation, 515 Prescott Street can be a beautiful property once again.

Last Agent to Sell the Property

Jeremy Hardy

Craig Estates and Fine Properties Brokerage Phone: (626) 622-1537 License #01369308 Listed on: 10/09/2023

Last Buyer's Agent

Selene Lum

Keller Williams Sierra Madre License #01829069

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,663

Year Built

  • Built in 1903

Lot Details

  • 0.38 Acre Lot
  • Masonry wall
  • Wood Fence
  • Block Wall Fence
  • No Sprinklers
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 2,284 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Living Room with Fireplace
  • Mountain Views

Kitchen

  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Brick Porch or Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gravity Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 5730001022

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,663

Year Built

Built in 1903

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5730001022
  • Year Built: 1903
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2284.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 566.99
  • Room Type: Formal Entry, Laundry, Kitchen, Living Room

Exterior Features

  • Patio: Yes
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block, Wood, Masonry
  • Patio And Porch Features: Brick, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Asphalt
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Refrigerator
  • Heating Type: Gravity, Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft, Sprinklers None
  • Lot Size Sq Ft: 16430.00
  • Lot Size Acres: 0.3772

Multi Family

  • Lease Considered: No
  • Lot Size Area: 16430.0000 Square Feet

Tax Info

  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Dec 19, 2023
Sold by
H Sarnoff Trust
Bought by
Lum Albert Justin and Lum Selene Wang
Seller's Agent
Jeremy Hardy
Craig Estates and Fine Properties
Buyer's Agent
Selene Lum
Keller Williams Sierra Madre
List Price
$1,495,000
Sold Price
$1,267,500
Premium/Discount to List
-$227,500
-15.22%
Views
575
Current Estimated Value
$1,576,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,171
Avg. Annual Appreciation
12.93%
Original Mortgage
$440,000
Outstanding Balance
$433,434
Interest Rate
7.5%
Mortgage Type
Seller Take Back
Estimated Equity
$1,130,793

Purchase Details

Closed on
Dec 15, 2015
Sold by
Sarnoff Herb
Bought by
Sarnoff Herb and H Sarnoff Trust

Purchase Details

Closed on
Oct 27, 2002
Sold by
Sarnoff Herb Michael and Espinosa Monica Marcela
Bought by
Sarnoff Herb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
5.99%

Purchase Details

Closed on
May 18, 2000
Sold by
Reinholtz Douglas V and Sarnoff Herb M
Bought by
Sarnoff Herb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 30, 1999
Sold by
Reinholtz Douglas V and Espinosa Monica
Bought by
Reinholtz Douglas V and Sarnoff Herb M
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
Lum Albert Justin $1,267,500 Chicago Title Company
Sarnoff Herb -- None Available
Sarnoff Herb -- Provident Title Company
Sarnoff Herb -- --
Reinholtz Douglas V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lum Albert Justin $440,000
Closed Lum Albert Justin $600,000
Previous Owner Sarnoff Herb $274,000
Previous Owner Sarnoff Herb $15,000
Previous Owner Sarnoff Herb $274,000
Previous Owner Sarnoff Herb $20,000
Previous Owner Sarnoff Herb $252,700
Previous Owner Sarnoff Herb $25,000
Previous Owner Sarnoff Herb $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2023 12/26/23 Sold $1,267,500 -2.1% $555 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
12/01/2023 12/01/23 Price Changed $1,295,000 -13.4% $567 / Sq Ft
10/09/2023 10/09/23 For Sale $1,495,000 -- $655 / 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 $14,663 $1,292,850 $1,034,280 $258,570
2024 $14,663 $1,267,500 $1,014,000 $253,500
2023 $4,702 $354,527 $265,901 $88,626
2022 $4,551 $347,577 $260,688 $86,889
2021 $4,369 $340,763 $255,577 $85,186
2019 $4,221 $330,658 $247,998 $82,660
2018 $4,092 $324,176 $243,136 $81,040
2016 $3,935 $311,590 $233,696 $77,894
2015 $3,892 $306,910 $230,186 $76,724
2014 $3,826 $300,899 $225,677 $75,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-15335

Pasadena-Foothills Association of REALTORS®

APN: 5730-001-022