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1649 Banning Way

1649 Banning Way, San Marino, CA 91108
House in Oak Knoll
Sold Oct 08, 2020
$2,200,000
$300,000 by Tj Financial Inc
Mortgage Due Apr 01, 2036
Sold May 02, 2014
$1,440,000
Local assessors in San Marino, CA have categorized 1649 Banning Way as a residential type of property. The home was built in 1937 and is 87 years old. It was most recently renovated and altered in 1955. The property's lot size has been calculated to be 9,811 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1649 Banning Way has a total of 2,313 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1649 Banning Way was last sold in Sep 30, 2020 for $2,200,000. According to our calculations, that's $951.15 per sqft. Prior to that sales transaction, the property was sold for $1,440,000 in Mar 17, 2014. Current property owners are expected to pay $26,888 in taxes per year. The property on 1649 Banning Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,314,936. To break that down further, the land itself was valued at $1,775,502. While improvements to the property were assessed at a total of $539,434. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Condition

New Construction

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: A
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,811
  • Total Building Area: 2,313
  • Building Area: 2,313
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,313
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5529
  • Land Acres: 0.225
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR=5529 LOT 42

Ownership

  • Current Owner : TSAI STEPHEN
  • Current Owner 2: TSAI DOKMAY P
  • Previous Owner : GRAND POINT INVESTMENT INC
  • Owner Before Previous Owner: PENG SHIH TA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Pasadena Unified School District
  • Census Tract: 464102

Zoning

  • Zoning: PSR4

Geography

  • Assessors Map Reference: 37-B1
  • Subdivision Tract Number: 5529
  • Parcel: 5325-030-045
  • Lot: 42
  • Municipality: EAST /SN MRNO N HUNTG
  • Latitude: 34.1173
  • Longitude: -118.133

    Address

  • Full Address: 1649 Banning Way
  • Address - House Number: 1649
  • Address - Street Name: Banning
  • Address - Suffix Type: Way
  • State: CA
  • City Name: San Marino
  • Carrier Code: C022
  • 4-Digit Zip Code: 1711
  • Zip Code: 91108

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,888
  • Tax Rate Code Area: 08-541

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 2,684,681
  • High Value: 3,283,036
  • Low Value: 2,086,327

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: TJ FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Mar 10, 2021
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,314,936
  • Assessed Land Value: $1,775,502
  • Assessed Improvements Value: $539,434

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Oct 08, 2020
  • Current Sale Transaction ID: 11790701163
  • Current Sale Price: $2,200,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1248714
  • Previous Sale Recording Date: May 02, 2014
  • Previous Sale Contract Date: Mar 17, 2014
  • Previous Sale Amount: $1,440,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: TJ FINANCIAL INC
  • First Mortgage Transaction Date: Oct 08, 2020
  • First Mortgage Loan Amount: $1,200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Southeast Pasadena



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Frequently Asked Questions

What neighborhood is 1649 Banning Way located in?
The 1649 Banning Way is a house located in the neighborhood of Oak Knoll in Southeast Pasadena, San Marino.
What is the average sales price for listings in 1649 Banning Way?
The average sales price for units in 1649 Banning Way is $2,288,888 , or $818/sqft. currently.

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