Seller's Agent in 2020
Ivory Zhang
Keller Williams Realty
(626) 229-2200
11 in this area
43 Total Sales
520 Cornell Dr Arcadia, CA 91007
Estimated Value: $1,529,000 - $1,923,000
7
Beds
4
Baths
3,913
Sq Ft
$460/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Private Yard
- Laundry Room
- Holly Avenue Elementary School Rated A+
- Cooling System Mounted To A Wall/Window
- Central Heating
About This Home
As of January 2020WELL MAINTAINED 4 UNIT APARTMENT COMPLEX in North Arcadia with award winning Arcadia School District. Three 2 bedroom 1 bath units, one 1 bedroom 1 bath unit. Current rents are all below market. With the current monthly income of $5,750 increasing to a projected $7,150, there is a significant rise-in-rent probability, showing an estimated cap rate of 4.7%. Total 6 garages, with lots of storage room inside each garage and 3 uncovered parking spaces. This 4 unit property is situated close to Arcadia schools, local parks, restaurants, and stores. Easy access to the 210 freeway and metrolink. Self owned Laundry on-site with $100 income per month. Within walking distance to Newcastle Park, Arcadia Park and Santa Anita Park.
Last Agent to Sell the Property
Keller Williams Realty License #01910041 Listed on: 12/10/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 9,554 Sq Ft Lot
- Two or More Common Walls
- Private Yard
- Density is 2-5 Units/Acre
Parking
- 6 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,913 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laundry Room
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 17329
- Assessor Parcel Number 5775027006
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $50
- Insurance Expense $150
- Trash Expense $82
- Water Sewer Expense $88
- New Taxes Expense $1,200
- Operating Expense $19,055
- Gross Income $70,200
- Net Operating Income $51,145
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 10, 2019
Closed on
Dec 19, 2019
Sold by
Partridge Edward Jay
Bought by
Partridge Glenda P
Seller's Agent
Ivory Zhang
Keller Williams Realty
Buyer's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
List Price
$1,200,000
Sold Price
$1,345,000
Premium/Discount to List
$145,000
12.08%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,368
Avg. Annual Appreciation
4.98%
Original Mortgage
$981,000
Outstanding Balance
$864,739
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$933,629
Purchase Details
Listed on
Dec 10, 2019
Closed on
Dec 17, 2019
Sold by
Partridge Glenda P and Partridge California Trust
Bought by
Chang Steve
Seller's Agent
Ivory Zhang
Keller Williams Realty
Buyer's Agent
Sharon Liu
Re/Max Premier Prop Arcadia
List Price
$1,200,000
Sold Price
$1,345,000
Premium/Discount to List
$145,000
12.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,000
Outstanding Balance
$864,739
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$933,629
Purchase Details
Closed on
Oct 24, 2014
Sold by
Partridge Edward J and Partridge Glenda P
Bought by
Partridge California Trust
Purchase Details
Closed on
Mar 25, 2013
Sold by
Washburn L Kelly and Partridge Victoria
Bought by
Partridge Edward J and Partridge Glenda
Purchase Details
Closed on
Aug 8, 2005
Sold by
Coker Everett Neal and Coker Barbara Washburn
Bought by
Washburn L Kelly and Partridge Victoria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Nov 10, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Coker Everett and Coker Barbara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
7.38%
Purchase Details
Closed on
Sep 1, 1995
Sold by
Fox Russell L and Fox Linda Kay
Bought by
Federal Home Loan Mortgage Corporation
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Partridge Glenda P | -- | Wfg National Title Company | |
| Chang Steve | $1,345,000 | Wfg National Title Company | |
| Partridge California Trust | -- | None Available | |
| Partridge Edward J | -- | None Available | |
| Partridge Edward J | -- | None Available | |
| Washburn L Kelly | -- | Itc | |
| Coker Everett | $307,500 | First American Title Co | |
| Federal Home Loan Mortgage Corporation | $332,500 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chang Steve | $981,000 | |
| Previous Owner | Washburn L Kelly | $650,000 | |
| Previous Owner | Coker Everett | $246,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2020 01/30/20 | Sold | $1,345,000 | +12.1% | $344 / Sq Ft |
| 12/17/2019 12/17/19 | Pending | -- | -- | -- |
| 12/10/2019 12/10/19 | For Sale | $1,200,000 | -- | $307 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,660 | $1,427,323 | $1,141,859 | $285,464 |
| 2024 | $16,660 | $1,399,337 | $1,119,470 | $279,867 |
| 2023 | $16,285 | $1,371,900 | $1,097,520 | $274,380 |
| 2022 | $15,754 | $1,345,000 | $1,076,000 | $269,000 |
| 2021 | $15,786 | $1,358,933 | $1,087,147 | $271,786 |
| 2020 | $14,435 | $1,236,196 | $779,671 | $456,525 |
| 2019 | $14,267 | $1,211,958 | $764,384 | $447,574 |
| 2018 | $13,839 | $1,188,196 | $749,397 | $438,799 |
| 2016 | $13,504 | $1,142,059 | $720,298 | $421,761 |
| 2015 | $13,269 | $1,124,905 | $709,479 | $415,426 |
| 2014 | $13,099 | $1,102,871 | $695,582 | $407,289 |
Source: Public Records
Agents Affiliated with this Home
-
Ivory Zhang
-
Sharon Liu
Buyer's Agent in 2020
Sharon Liu
RE/MAX
(626) 758-0937
24 in this area
245 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR19275517
APN: 5775-027-006
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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