Seller's Agent in 2016
Peter Martocchio
Coldwell Banker Realty
(626) 229-0909
10 in this area
64 Total Sales
551 Prospect Blvd Pasadena, CA 91103
East Arroyo NeighborhoodEstimated Value: $2,793,586 - $3,624,000
5
Beds
3.5
Baths
3,512
Sq Ft
$930/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Updated Kitchen
- Fireplace in Primary Bedroom
- John Muir High School Rated A-
- Maid or Guest Quarters
- Wood Flooring
About This Home
As of August 2016The idyllic age of 1920's California reveals itself throughout this cherished Mediterranean home in Pasadena's Prospect Park district. Registered under the Mills Act and remodeled with an eye towards preservation, 551 Prospect Boulevard resonates with character and quality in a comfortable and welcoming manner. Indoor/outdoor rooms seamlessly connect the distinct living and entertaining areas, leading guests on a romantic journey of discovery. Each space of this home has been thoughtfully curated, creating a spellbinding impression that excites the senses. The vintage style kitchen is the heart of this home and opens to multiple dining areas, including a dramatic starlit'' sala with a wood-fired pizza oven. A dramatic tile-faced stairway with wrought iron railings leads to the upper floor. With 4 total bedrooms and 4 baths, the practical layout provides a downstairs bedroom/bath, an upper level master suite with a cozy fireplace, and 2 additional bedrooms and a bath. An upper level office has the potential of being a 5th bedroom with bird's-eye views of the treetops and gardens below. The grounds are enchanting, with meandering pathways, terraces, and fountains all leading to a destination swimming pool and secret garden'' regulation surface bocce court.
Last Agent to Sell the Property
Coldwell Banker Realty License #01311046 Listed on: 07/11/2016
Last Buyer's Agent
Craig Farestveit
Craig Estates and Fine Properties License #00990645
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,878
Year Built
- Built in 1927 | Remodeled
Lot Details
- 0.3 Acre Lot
- Fenced
- Landscaped
- Sprinkler System
- Private Yard
- Lawn
- Back and Front Yard
- Property is zoned PSR4
Parking
- 2 Car Garage
Home Design
- Spanish Architecture
- Mediterranean Architecture
- Entry on the 1st floor
- Raised Foundation
- Tile Roof
Interior Spaces
- 3,512 Sq Ft Home
- Gas Fireplace
- Drapes & Rods
- French Mullion Window
- French Doors
- Entryway
- Living Room with Fireplace
- Home Office
Kitchen
- Updated Kitchen
- Oven
- Gas Cooktop
- Range Hood
- Freezer
- Ice Maker
- Water Line To Refrigerator
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Brick
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Remodeled Bathroom
- Maid or Guest Quarters
- Bathtub with Shower
Laundry
- Laundry Room
- Stacked Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Pool
- In Ground Pool
- Spa
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5711007001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2016
Closed on
Aug 17, 2016
Sold by
Shaw Kenneth J
Bought by
Koller Markus and Koller Tammy
Seller's Agent
Peter Martocchio
Coldwell Banker Realty
Buyer's Agent
Craig Farestveit
Craig Estates and Fine Properties
List Price
$2,785,000
Sold Price
$2,785,000
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
$482,897
Avg. Annual Appreciation
1.89%
Purchase Details
Closed on
Aug 25, 2003
Sold by
Latour Odette
Bought by
Shaw Kenneth J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
4.75%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 3, 1997
Sold by
Trust Bennett Thomas Jr Tr Bennett Famil and Latour Odette
Bought by
Bennett Thomas
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 |
|---|---|---|---|
| Koller Markus | $2,785,000 | Chicago Title Company | |
| Shaw Kenneth J | $885,000 | Fidelity National Title | |
| Bennett Thomas | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shaw Kenneth J | $986,300 | |
| Previous Owner | Shaw Kenneth J | $984,565 | |
| Previous Owner | Shaw Kenneth J | $636,000 | |
| Previous Owner | Shaw Kenneth J | $400,000 | |
| Previous Owner | Shaw Kenneth J | $250,000 | |
| Previous Owner | Shaw Kenneth J | $150,000 | |
| Previous Owner | Shaw Kenneth J | $50,000 | |
| Previous Owner | Shaw Kenneth J | $712,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2016 08/24/16 | Sold | $2,785,000 | 0.0% | $793 / Sq Ft |
| 07/30/2016 07/30/16 | Pending | -- | -- | -- |
| 07/11/2016 07/11/16 | For Sale | $2,785,000 | -- | $793 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $7,878 | $662,000 | $424,300 | $237,700 |
| 2024 | $7,878 | $662,000 | $424,300 | $237,700 |
| 2023 | $9,526 | $804,000 | $515,300 | $288,700 |
| 2022 | $9,371 | $804,000 | $515,300 | $288,700 |
| 2021 | $8,925 | $783,000 | $501,900 | $281,100 |
| 2020 | $7,912 | $688,000 | $318,700 | $369,300 |
| 2019 | $7,836 | $688,000 | $318,700 | $369,300 |
| 2018 | $8,087 | $689,000 | $319,100 | $369,900 |
| 2016 | $7,867 | $668,000 | $388,400 | $279,600 |
| 2015 | $8,228 | $697,800 | $405,700 | $292,100 |
| 2014 | $5,495 | $455,100 | $303,100 | $152,000 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Martocchio
-
David Goldberg
D
Seller Co-Listing Agent in 2016
David Goldberg
Coldwell Banker Realty
(626) 644-6011
8 in this area
36 Total Sales
-
C
Buyer's Agent in 2016
Craig Farestveit
Craig Estates and Fine Properties
-
Jeremy Hardy
Buyer Co-Listing Agent in 2016
Jeremy Hardy
Craig Estates and Fine Properties
(626) 622-1537
1 in this area
76 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P0-316006341
APN: 5711-007-001
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