NOT LISTED FOR SALE

615 W Montecito Ave Sierra Madre, CA 91024

Estimated Value: $2,140,000 - $2,664,000

6 Beds
4 Baths
4,316 Sq Ft
$544/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $2,067,300 $479 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $14,824/month

11 Days on Market

Highlights

  • Hiking Trails
  • Balcony
  • Laundry Room
  • Sierra Madre Elementary School Rated A-
  • Built-In Features
  • Back and Front Yard

About This Home

As of September 2021

A stately Sycamore tree guards the entrance to this picturesque, Craftsman home with multiple income producing opportunities. A gracious veranda fronts the home while a wisteria vine-covered pergola anchors the east side and offers an intimate area for outdoor entertaining. Upon entering the main home, you experience a sense of quiet and unpretentious comfort. The well-polished hardwood floors reflect the warm glow of sunlight and the focal point of the living room is its generous fireplace. Original wood trim, plate and picture rails and a built-in buffet evidence the handmade craftsmanship and quality you’ve come to expect from an earlier era. A reverent renovation of the kitchen provides modern amenities while preserving its classic simplicity. The upper level offers a main bedroom with en-suite bath and dressing area. There are two additional bedrooms (one with a charming balcony overlooking the front yard) and a full bath. Attached to the main home with a separate entrance is a one bedroom apartment with a full kitchen and bath. It can be used as part of the main home or rented out. Lastly, a charming, two-story carriage house offers two bedrooms, full bath, kitchen, office, and living room with fireplace. The grounds are spacious and open with many options for gardening, entertaining or just relaxing while taking in the naturalistic beauty of its many trees and plantings. This is a rare offering with unmatched character and charm in a most desirable area of Sierra Madre.

Last Agent to Sell the Property

Katherine Orth

Compass License #00942500 Listed on: 07/29/2021

Compass

Co-Listed By

Jan Greteman

Compass License #01943630

Last Buyer's Agent

Iris Siff

COMPASS License #02070228

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,772

Year Built

  • Built in 1928

Lot Details

  • 0.4 Acre Lot
  • 1 Common Wall
  • Back and Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 4,316 Sq Ft Home
  • Built-In Features
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Outdoor Features

  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 5768014020

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Hiking Trails

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,772

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5768014020
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Built-in Features
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 478.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Hiking

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 17508.00
  • Lot Size Acres: 0.4019

Multi Family

  • Lot Size Area: 17508.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 00
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 18, 2021
Sold by
Syverson Frances M and Syverson Trust
Bought by
Deflorio Jeffrey and Deflorio Sarah
Seller's Agent
Katherine Orth
Compass
Buyer's Agent
Iris Siff
COMPASS
List Price
$1,950,000
Sold Price
$2,067,300
Premium/Discount to List
$117,300
6.02%
Current Estimated Value
$2,346,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,043
Avg. Annual Appreciation
2.88%
Original Mortgage
$548,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Deflorio Jeffrey $2,067,500 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deflorio Jeffrey $1,700,000
Closed Deflorio Jeffrey $548,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2021 09/08/21 Sold $2,067,300 +6.0% $479 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $1,950,000 0.0% $452 / Sq Ft
08/18/2020 08/18/20 Rented $2,500 0.0% --
07/26/2020 07/26/20 Off Market $2,500 -- --
07/17/2020 07/17/20 For Rent $2,500 +13.6% --
09/22/2017 09/22/17 Rented $2,200 -4.3% --
09/05/2017 09/05/17 Under Contract -- -- --
08/21/2017 08/21/17 For Rent $2,300 -- --
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 $24,772 $2,193,833 $1,315,897 $877,936
2024 $24,772 $2,150,818 $1,290,096 $860,722
2023 $24,632 $2,108,646 $1,264,800 $843,846
2022 $23,779 $2,067,300 $1,240,000 $827,300
2021 $4,151 $318,197 $95,643 $222,554
2020 $4,005 $314,935 $94,663 $220,272
2019 $4,008 $308,760 $92,807 $215,953
2018 $4,019 $302,707 $90,988 $211,719
2016 $3,852 $290,954 $87,455 $203,499
2015 $3,793 $286,585 $86,142 $200,443
2014 $3,738 $280,972 $84,455 $196,517
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21142047

California Regional Multiple Listing Service (CRMLS)

APN: 5768-014-020