NOT LISTED FOR SALE

71 W Lemon Ave Arcadia, CA 91007

Estimated Value: $3,821,000 - $4,498,000

5 Beds
5.5 Baths
5,632 Sq Ft
$728/Sq Ft Est. Value

Last Sold October 25, 2017

Last sale price $3,180,000 $565 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $25,110/month

23 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • In Ground Pool
  • Baldwin Stocker Elementary School Rated A
  • Newly Remodeled
  • Primary Bedroom Suite

About This Home

As of October 2017

Enchanting "South-Facing" estate located in the highly regarded "Baldwin Stocker Elementary School" area. This 5,632SF resort-like residence is meticulously built by a visionary developer-Franklin Homes. Designed with security and privacy in mind, the property is a tasteful fusion of class and modernism. Utilizing an architecturally unique open-floor layout, quality finishes, luxury upgrades along with intricate placements of doors, gates, windows, lights, and lush landscaping to create a majestic space. Masterfully integrating the exterior spaces, a gated pedestrian-way leads into a tranquil courtyard. Upon entry, there is a chandelier hanging from a dome-ceiling, moldings, wood finishes, designer-inspired iron railings, and an abundance of marble, all intertwining to form a dazzling array of shimmer and shine. The truly mesmerizing 2-story foyer is a testament to the craftsmanship given throughout. During the day, sunlight glisten through the windows forming a naturally warm, inviting environment. The first floor has an executive-style office, living room, dining room, wet bar, guest suite, family room, media room, a gourmet kitchen with separate wok-kitchen, powder room, and laundry room. The second floor consists of the master retreat, 3 large suites, and a spacious loft. In addition, there is a pool/spa with cascading waterfall creating a stunning backyard oasis perfect for the glamorous "California lifestyle” home. Great for entertaining and hosting social gatherings.

Last Agent to Sell the Property

Peter Ta

ADVANTAGE REALTY License #01402952 Listed on: 07/26/2017

Last Buyer's Agent

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,404

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 0.26 Acre Lot
  • Property is zoned ARR1*

Parking

  • 3 Car Garage

Property Views

  • Mountain
  • Neighborhood

Interior Spaces

  • 5,632 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Home Theater
  • Home Office
  • Loft
  • Attic

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Pool

  • In Ground Pool
  • Waterfall Pool Feature

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 12031
  • Assessor Parcel Number 5782021015

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,404

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Number: 62678865873
  • Property Attached: No
  • View: Yes
  • Zoning: ARR1*
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5782021015
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5632.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 564.63
  • Room Type: Attic, Entry, Family Room, Formal Entry, Foyer, Home Theatre, Kitchen, Laundry, Loft, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Media Room, Office, Walk-In Closet, Wine Cellar

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Features: Private, In Ground, Waterfall
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Arcadia Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11514.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 4317.00
  • Tax Lot: 15
  • Tax Tract Number: 12031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2017
Closed on
Oct 20, 2017
Sold by
Ap Royal Oak Llc
Bought by
Kuang Melying
Seller's Agent
Peter Ta
ADVANTAGE REALTY
Buyer's Agent
Yvonne Matloff
TSE REALTY & MANAGEMENT SERVIC
List Price
$3,380,000
Sold Price
$3,180,000
Premium/Discount to List
-$200,000
-5.92%
Current Estimated Value
$4,100,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$920,693
Avg. Annual Appreciation
3.25%
Original Mortgage
$2,000,000
Outstanding Balance
$1,087,181
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$3,013,512

Purchase Details

Listed on
Oct 18, 2015
Closed on
Dec 2, 2015
Sold by
Jl Capital Llc
Bought by
Ap Royal Oak Llc
Seller's Agent
Vincent Hou
VAAC INTERNATIONAL, INC.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,750,000
Sold Price
$1,400,000
Premium/Discount to List
-$350,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.71%

Purchase Details

Listed on
Jul 18, 2014
Closed on
Aug 14, 2014
Sold by
Cherng I Jean
Bought by
Jl Capital Llc
Seller's Agent
Vincent Hou
VAAC INTERNATIONAL, INC.
Buyer's Agent
Vincent Hou
VAAC INTERNATIONAL, INC.
List Price
$1,400,000
Sold Price
$1,300,000
Premium/Discount to List
-$100,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%

Purchase Details

Closed on
Sep 8, 1993
Sold by
Budavari Terez E
Bought by
Cherng I Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.95%
Source: Public Records

Range of Values:

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Average Value
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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
Kuang Melying $3,180,000 Stewart Title
Ap Royal Oak Llc $1,400,000 Chicago Title Company
Jl Capital Llc $1,300,000 Chicago Title Co
Cherng I Jean $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuang Melying $2,000,000
Previous Owner Cherng I Jean $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2017 10/25/17 Sold $3,180,000 0.0% $565 / Sq Ft
10/19/2017 10/19/17 Off Market $3,180,000 -- --
10/18/2017 10/18/17 For Sale $3,380,000 +6.3% $600 / Sq Ft
09/23/2017 09/23/17 Off Market $3,180,000 -- --
07/26/2017 07/26/17 For Sale $3,380,000 +141.4% $600 / Sq Ft
12/07/2015 12/07/15 Sold $1,400,000 -6.5% $548 / Sq Ft View Prior Sale
11/27/2015 11/27/15 Pending -- -- --
11/13/2015 11/13/15 Price Changed $1,498,000 -11.8% $587 / Sq Ft
10/26/2015 10/26/15 Price Changed $1,698,000 -3.0% $665 / Sq Ft
10/18/2015 10/18/15 For Sale $1,750,000 0.0% $685 / Sq Ft
10/18/2015 10/18/15 Price Changed $1,750,000 +25.0% $685 / Sq Ft
09/23/2015 09/23/15 Off Market $1,400,000 -- --
09/02/2015 09/02/15 Price Changed $1,820,000 -1.6% $713 / Sq Ft
08/24/2015 08/24/15 Price Changed $1,850,000 -2.0% $725 / Sq Ft
08/14/2015 08/14/15 Price Changed $1,888,000 -3.6% $740 / Sq Ft
07/13/2015 07/13/15 Price Changed $1,958,000 +3.1% $767 / Sq Ft
07/13/2015 07/13/15 For Sale $1,900,000 +46.2% $744 / Sq Ft
08/15/2014 08/15/14 Sold $1,300,000 -7.1% $509 / Sq Ft View Prior Sale
07/18/2014 07/18/14 For Sale $1,400,000 -- $548 / 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 $39,404 $3,618,293 $1,137,827 $2,480,466
2024 $39,404 $3,547,347 $1,115,517 $2,431,830
2023 $38,569 $3,477,793 $1,093,645 $2,384,148
2022 $37,328 $3,409,601 $1,072,201 $2,337,400
2021 $36,595 $3,342,747 $1,051,178 $2,291,569
2019 $35,689 $3,243,600 $1,020,000 $2,223,600
2018 $34,916 $3,180,000 $1,000,000 $2,180,000
2016 $15,936 $1,400,000 $1,120,000 $280,000
2015 $14,794 $1,300,000 $1,040,000 $260,000
2014 $6,750 $568,461 $333,867 $234,594
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17171055

California Regional Multiple Listing Service (CRMLS)

APN: 5782-021-015