NOT LISTED FOR SALE

517 W Lemon Ave Arcadia, CA 91007

Estimated Value: $4,926,000 - $5,155,000

6 Beds
6.5 Baths
7,497 Sq Ft
$674/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $4,300,000 $574 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $31,386/month

104 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • Primary Bedroom Suite
  • Baldwin Stocker Elementary School Rated A
  • Private Pool
  • 3-minute walk to Baldwin Stocker Park

About This Home

As of October 2022

This beautiful Santa Barbara style customer estate is South Facing and is located nearby Award Winning Arcadia (Baldwin Stocker Elementary School), Arcadia school district. It was desgined by Robert Tong and built by Lanno Development. Custom high quality interior designed by Santana Interiors. Main house has open floor plan with 6 bedroom suites and 6.5 baths with a total size of 6,807 Sqft. The main house also features a living room with fireplace, formal dinning room, a library, a movie theater room, spacious family room, Chef's kitchen with Quartzile material counter top and center island, wok kitchen, walk-in pantry, wine cellar with top quality appliances, and a large Master suite with walki-in closet and beautiful mountain views. The backyard features a 690 Sqft beautiful custom pool house with a wet bar and a bathroom. It has a nice and peaceful seating area by the pool and spa with beautiful landscaping. This home is equipped with alarm system and central music system and 3 car attached garage. This gorgeous home is a must see!

Last Agent to Sell the Property

Katherine Quach

Treeline Realty & Investment License #01973653 Listed on: 04/01/2022

Treeline Realty & Investment

Last Buyer's Agent

Katherine Quach

Treeline Realty & Investment License #01973653 Listed on: 04/01/2022

Treeline Realty & Investment

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,833

Year Built

  • Built in 2016

Lot Details

  • 0.35 Acre Lot
  • Property is zoned ARR1*

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 7,497 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • High Ceiling
  • Formal Entry
  • Wine Cellar
  • Family Room
  • Living Room with Fireplace
  • Home Theater
  • Home Office
  • Library
  • Laundry Room
  • Property Views

Kitchen

  • Walk-In Pantry
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 4869
  • Assessor Parcel Number 5785011026
  • $1,309 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,833

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: ARR1*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5785011026
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7497.00 Square Feet
  • Interior Amenities: Crown Molding, High Ceilings, Open Floorplan, Wet Bar
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 573.56
  • Room Type: Family Room, Formal Entry, Foyer, Home Theatre, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Office, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Room Kitchen Features: Kitchen Island, Walk-In Pantry

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Arcadia Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15317.00
  • Lot Size Acres: 0.3516

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15317.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4317.00
  • Tax Lot: 49
  • Tax Tract Number: 4869
  • TaxOtherAnnualAssessmentAmount: 1309.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Fen Chen and Fen Hong
Bought by
517 W Lemon Llc
Current Estimated Value
$5,052,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2018
Sold by
Chen Shengchun
Bought by
Chen Shengchun and Tao Hong Fen

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
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 12, 2017
Closed on
Jun 26, 2017
Sold by
Lanno Lemon Llc
Bought by
Chen Shengchun
Seller's Agent
MING SONG
RE/MAX PREMIER/ARCADIA
Buyer's Agent
Katherine Quach
Treeline Realty & Investment
List Price
$4,399,000
Sold Price
$4,000,000
Premium/Discount to List
-$399,000
-9.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.70%
Original Mortgage
$2,400,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 22, 2013
Sold by
Chang Pao Chih
Bought by
Lanno Lemon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.46%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
517 W Lemon Llc -- New Title Company Name
Chen Shengchun -- None Available
Chen Shengchun $4,000,000 Chicago Title Company
Lanno Lemon Llc $1,500,000 Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Shengchun $0
Previous Owner Chen Shengchun $450,000
Previous Owner Chen Shengchun $2,360,000
Previous Owner Chen Shengchun $200,000
Previous Owner Chen Shengchun $2,400,000
Previous Owner Chen Shengchun $1,400,000
Previous Owner Lanno Lemon Llc $2,000,000
Previous Owner Lanno Lemon Llc $750,000
Previous Owner Lanno Lemon Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $4,300,000 -1.8% $574 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $4,380,000 +9.5% $584 / Sq Ft
06/29/2017 06/29/17 Sold $4,000,000 -9.1% $534 / Sq Ft
04/28/2017 04/28/17 Pending -- -- --
03/12/2017 03/12/17 For Sale $4,399,000 -- $587 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $48,833 $4,473,720 $2,684,232 $1,789,488
2024 $48,833 $4,386,000 $2,631,600 $1,754,400
2023 $47,803 $4,300,000 $2,580,000 $1,720,000
2022 $39,550 $3,590,000 $2,513,000 $1,077,000
2021 $37,707 $3,415,000 $2,390,500 $1,024,500
2019 $45,858 $4,161,600 $2,913,120 $1,248,480
2018 $44,675 $4,080,000 $2,856,000 $1,224,000
2017 $34,766 $3,089,368 $1,584,368 $1,505,000
2016 $17,682 $1,553,301 $1,242,641 $310,660
2015 $17,403 $1,529,970 $1,223,976 $305,994
2014 -- $1,500,000 $1,200,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22065726

California Regional Multiple Listing Service (CRMLS)

APN: 5785-011-026