NOT LISTED FOR SALE

705 Cortez Rd Arcadia, CA 91007

Estimated Value: $2,392,025 - $2,467,000

5 Beds
4.5 Baths
3,016 Sq Ft
$805/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $2,050,000 $680 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $14,687/month

72 Days on Market

Highlights

  • Guest House
  • Primary Bedroom Suite
  • Updated Kitchen
  • Hugo Reid Elementary School Rated A+
  • Gated Parking
  • Colonial Architecture

About This Home

As of May 2022

Located in a preferred area of Arcadia and close to Pasadena & San Marino area, this immaculate Executive Home with Colonial Curb appeal, just North of Huntington Drive and east of Sunset Blvd, is in a tree lined tranquil neighborhood but walkable distance to HMart Arcadia grocery store, and nearby to many restaurants and shops.
In addition to all expected features of a dream home, this updated 2-story home, armed with 5 bed/5 bath plus a Maid's Quarter (est. 200SF square footage additional), boasts a 9 feet high ceiling construction design with est. 30 feet high foyer entrance area which is open to the spectacular view from the top of stairway balcony. The main floor has 2 bedrooms with a jack & jill full bathroom. The front bedroom can be conveniently used as home office. The 2nd floor has another 2 bedrooms with another jack & jill full bathroom. The Master Suite at the end of 2nd floor hallway, has a jacuzzi bathtub and a separate shower stall. SIMPLY PERFECT FLOORPLAN!!! Instead of a 3rd car garage, there is a Maid’s Quarter which is self-sufficient with its own independent door entry from rear courtyard, its own 3/4 bath, a built-in wall bed and a split AC unit. Large front lawn and large concrete rear courtyard provide spacious area for home social gathering. Another great idea is to remodel the rear garage space to a multifunctional fitness center or hangout area. If makes sense to new owner, a large-detached garage can be potentially added to the lot corner at the end of the driveway. The existing driveway offers plenty parking spaces before or after the gate (remote-control), or for RV parking and boat stalling. The large kitchen is entirely open to the large family room. Don’t forget to check out the secret room (chef’s corner) behind the gourmet kitchen where your head chef can prep all culinary experiences to entertain entire family and your guests. Bon Appetit!!! SIMPLY PERFECT HOME!!!

Last Agent to Sell the Property

JIMMY CHAN

JJ Realty INC. License #01909880 Listed on: 02/02/2022

Last Buyer's Agent

Guodong Wang

COMPASS License #02049148

COMPASS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 9,279 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned ARR1D*

Parking

  • 2 Car Attached Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Driveway
  • Gated Parking
  • RV Potential

Home Design

  • Colonial Architecture
  • Interior Block Wall
  • Flat Tile Roof

Interior Spaces

  • 3,016 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Two Story Ceilings
  • Recessed Lighting
  • Separate Family Room
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Jack-and-Jill Bathroom
  • Maid or Guest Quarters

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Additional Homes

  • Guest House

Schools

  • Hugo Reid Elementary School
  • Foothills Middle School
  • Arcadia High School

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Water Heater
  • Water Softener

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 11932
  • Assessor Parcel Number 5777037009
  • $882 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 2002 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Water Softener
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • View: No
  • Zoning: ARR1D*
  • Architectural Style: Colonial
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5777037009
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3016.00 Square Feet
  • Interior Amenities: Block Walls, Crown Molding, Granite Counters, Recessed Lighting, Two Story Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 679.71
  • Room Type: Guest/Maid's Quarters, Jack & Jill, Main Floor Bedroom, Master Suite, Separate Family Room
  • Room Kitchen Features: Granite Counters, Kitchen Island, Remodeled Kitchen

Exterior Features

  • Other Structures: Guest House
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Flat Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Two Door, Gated, RV Potential
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Gas Cooktop, Range Hood, Refrigerator, Water Heater, Water Softener
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • Elementary School: Hugo Reid
  • High School: Arcadia
  • Middle Or Junior School: Foothills
  • Elementary School #2: HUGREI
  • High School2: ARCADI

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9279.00
  • Lot Size Acres: 0.2130

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9279.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4307.01
  • Tax Lot: 25
  • Tax Tract Number: 11932
  • TaxOtherAnnualAssessmentAmount: 882.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2019
Sold by
Ruan Jianfeng and Lin Jennifer
Bought by
Ruan Jianfeng and Lin Jennifer
Current Estimated Value
$2,428,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,018,200
Outstanding Balance
$895,179
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$1,533,577

Purchase Details

Closed on
Apr 23, 2004
Sold by
Woentono Irwan and Suherman Yeany
Bought by
Ruan Jianfeng and Lin Xueping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
4.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 12, 2002
Sold by
Leung Yee Wan
Bought by
Woentono Irwan and Suherman Yeany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.52%

Purchase Details

Closed on
Aug 5, 2002
Sold by
Ng Jing Yee
Bought by
Leung Yee Wan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.52%

Purchase Details

Closed on
Oct 3, 1997
Sold by
Chou Benji P
Bought by
Ng Jing Yee and Leung Yee Wan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ruan Jianfeng -- Chicago Title Company
Ruan Jianfeng -- Fidelity National Title Co L
Woentono Irwan $870,000 --
Leung Yee Wan -- --
Ng Jing Yee $300,000 Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruan Jianfeng $1,018,200
Closed Ruan Jianfeng $765,000
Previous Owner Woentono Irwan $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $2,050,000 -2.4% $680 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/05/2022 04/05/22 Price Changed $2,100,000 -11.8% $696 / Sq Ft
03/27/2022 03/27/22 Price Changed $2,380,000 -0.4% $789 / Sq Ft
03/06/2022 03/06/22 Price Changed $2,390,000 -4.0% $792 / Sq Ft
02/24/2022 02/24/22 Price Changed $2,490,000 -3.5% $826 / Sq Ft
02/20/2022 02/20/22 Price Changed $2,580,000 +1.2% $855 / Sq Ft
02/20/2022 02/20/22 Price Changed $2,550,000 -1.2% $845 / Sq Ft
02/08/2022 02/08/22 Price Changed $2,580,000 -3.7% $855 / Sq Ft
02/02/2022 02/02/22 For Sale $2,680,000 -- $889 / 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 $24,003 $2,175,474 $1,497,045 $678,429
2024 $24,003 $2,132,819 $1,467,692 $665,127
2023 $23,499 $2,091,000 $1,438,914 $652,086
2022 $19,364 $1,741,713 $957,942 $783,771
2021 $19,010 $1,707,562 $939,159 $768,403
2019 $18,545 $1,656,916 $911,304 $745,612
2018 $18,049 $1,624,429 $893,436 $730,993
2016 $17,667 $1,561,352 $858,744 $702,608
2015 $17,358 $1,537,900 $845,845 $692,055
2014 $16,680 $1,469,000 $808,000 $661,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22010370

California Regional Multiple Listing Service (CRMLS)

APN: 5777-037-009