NOT LISTED FOR SALE

551 Prospect Blvd Pasadena, CA 91103

East Arroyo Neighborhood

Estimated Value: $2,869,411 - $5,145,000

5 Beds
4 Baths
3,512 Sq Ft
$1,046/Sq Ft Est. Value

Last Sold August 24, 2016

Last sale price $2,785,000 $793 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $19,862/month

About This Home

The 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.

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
$3,672,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$887,853
Avg. Annual Appreciation
2.99%

Purchase Details

Closed on
Aug 25, 2003
Sold by
Latour Odette
Bought by
Shaw Kenneth J

Purchase Details

Closed on
Dec 3, 1997
Sold by
Trust Bennett Thomas Jr Tr Bennett Famil and Latour Odette
Bought by
Bennett Thomas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Koller Markus $2,785,000 Chicago Title Company
Shaw Kenneth J $885,000 Fidelity National Title
Bennett Thomas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2016 08/24/16 Sold $2,785,000 0.0% $793 / Sq Ft View Prior Sale
07/30/2016 07/30/16 Pending -- -- --
07/11/2016 07/11/16 For Sale $2,785,000 -- $793 / Sq Ft

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 $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

    Seller's Agent in 2016

    Peter Martocchio

    Coldwell Banker Realty

    (626) 229-0909

    10 in this area

    62 Total Sales

    Peter Martocchio
    Section Image

  • D

    Seller Co-Listing Agent in 2016

    David Goldberg

    Coldwell Banker Realty

    (626) 644-6011

    9 in this area

    37 Total Sales

    David Goldberg
    Section Image

  • C

    Buyer's Agent in 2016

    Craig Farestveit

    Craig Estates and Fine Properties

    Section Image
  • Jeremy Hardy

    Buyer Co-Listing Agent in 2016

    Jeremy Hardy

    Craig Estates and Fine Properties

    (626) 622-1537

    1 in this area

    72 Total Sales

    Jeremy Hardy
    Section Image
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Map

California Los Angeles County Pasadena 91103 East Arroyo

551 Prospect Blvd, Pasadena, CA

Not Listed for Sale

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