$1,625,000
SOLD APR 1, 2025

623 W Palm Dr Arcadia, CA 91007

3 Beds
1 Bath
1,192 Sq Ft
0.44 Acres

Recently Sold

$1,363 Per Sq Ft

14% Below List Price

8 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Laundry Room
  • Baldwin Stocker Elementary School Rated A+
  • Cooling System Mounted To A Wall/Window
  • Heating Available

About This Home

As of April 2025

Location! Location! Location! Great opportunity for developers or private owners who want to build their dream home in a great neighborhood of Arcadia. This South facing property is being sold for land value only. There is tenants in the house and it is currently rented for month by month. The flat lot has 19255 Sq.ft with 68 feet wide and 281.75 feet deep. Don't miss it.

Last Agent to Sell the Property

Jason Wei

RE/MAX PREMIER/ARCADIA Brokerage Phone: 626-678-7009 License #01968787 Listed on: 01/21/2025

RE/MAX PREMIER/ARCADIA

Last Buyer's Agent

Jason Wei

RE/MAX PREMIER/ARCADIA Brokerage Phone: 626-678-7009 License #01968787 Listed on: 01/21/2025

RE/MAX PREMIER/ARCADIA

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 0.44 Acre Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned ARR1*

Parking

  • 3 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,192 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 9282
  • Assessor Parcel Number 5787011016
  • $821 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1927

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: 5787011016
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1192.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1363.26
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 19261.00
  • Lot Size Acres: 0.4422

Multi Family

  • Lease Considered: No
  • Lot Size Area: 19261.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4316.00
  • Tax Lot: 13
  • Tax Tract Number: 9282
  • TaxOtherAnnualAssessmentAmount: 821.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2025
Closed on
Feb 7, 2025
Sold by
Luo Qiyu and Luo Guoling
Bought by
Yu Duoduo and Chen Na
Seller's Agent
Jason Wei
RE/MAX PREMIER/ARCADIA
Buyer's Agent
Jason Wei
RE/MAX PREMIER/ARCADIA
List Price
$1,880,000
Sold Price
$1,625,000
Premium/Discount to List
-$255,000
-13.56%
Views
33
Current Estimated Value
$1,638,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,737
Avg. Annual Appreciation
1.11%

Purchase Details

Listed on
Mar 9, 2023
Closed on
Mar 7, 2023
Sold by
Li Xiangmei
Bought by
Luo Qiyu and Luo Guoling
Seller's Agent
Jason Wei
RE/MAX PREMIER/ARCADIA
Buyer's Agent
Jason Wei
RE/MAX PREMIER/ARCADIA
Sold Price
$1,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.82%

Purchase Details

Closed on
Mar 6, 2006
Sold by
Scherer Jon D
Bought by
Scherer Jon D and Jon D Scherer Living Trust
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 Type Sale Price Title Company
Grant Deed $1,625,000 Wfg National Title
Grant Deed $1,600,000 Wfg National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2025 04/01/25 Sold $1,625,000 -13.6% $1,363 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
01/21/2025 01/21/25 For Sale $1,880,000 +17.5% $1,577 / Sq Ft
05/05/2023 05/05/23 Sold $1,600,000 0.0% $1,342 / Sq Ft View Prior Sale
03/10/2023 03/10/23 Pending -- -- --
03/09/2023 03/09/23 Off Market $1,600,000 -- --
08/15/2022 08/15/22 Sold $1,510,000 -3.1% $1,267 / Sq Ft View Prior Sale
06/17/2022 06/17/22 For Sale $1,558,000 -- $1,307 / 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 $18,480 $1,664,640 $1,331,712 $332,928
2024 $18,480 $1,632,000 $1,305,600 $326,400
2023 $17,120 $1,510,000 $1,208,000 $302,000
2022 $1,644 $91,631 $45,482 $46,149
2021 $1,612 $89,836 $44,591 $45,245
2019 $1,585 $87,173 $43,269 $43,904
2018 $1,427 $85,465 $42,421 $43,044
2016 $1,327 $82,148 $40,775 $41,373
2015 $1,308 $80,915 $40,163 $40,752
2014 $1,310 $79,331 $39,377 $39,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25014526

California Regional Multiple Listing Service (CRMLS)

APN: 5787-011-016