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245 West Norman Avenue

245 West Norman Avenue, Arcadia, CA 91007
Property in Arcadia
Sold Feb 08, 2019
$2,730,000
$1,000,000 by Cathay Bank
Mortgage Due Feb 01, 2049
Sold Aug 01, 2005
$2,470,000
$1,600,000 by No Red Tape Mortgage
Mortgage Due Aug 01, 2035
245 West Norman Avenue in Arcadia, CA was first built in 1995 and is 29 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 10 rooms in the home, of which, 7 are bedrooms. In terms of bathrooms, there are a total of 8 full bathrooms. There are 8 partial bathrooms. 245 West Norman Avenue has 6,763 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 990 ft and the linear feet between the front and back of the lot is 2,110. In total, the area measurement of the land is 21,032 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of wood shake/ shingles. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 245 West Norman Avenue sold most recently in Jan 21, 2019 for a total of $2,730,000. If you work out the math, that's approximately a cost of $403.67 per sqft. Before that, the property was also sold for $2,470,000 in Jun 24, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $31,850 in taxes each year. 245 West Norman Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,927,110. If we break it down further, the land itself was valued at $2,047,905. Improvements to the property, however, were assessed at a total of $879,205. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 7
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 21,032
  • Lot Size Depth Feet: 2,110
  • Lot Size Frontage Feet: 990
  • Total Building Area: 6,763
  • Building Area: 6,763
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,763
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 10928
  • Land Acres: 0.483
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 10928 LOT/SEC 6

Ownership

  • Current Owner : LAN HALLIN
  • Current Owner 2: WAN GUANGSHENG
  • Previous Owner : QUACH HAI
  • Previous Owner 2: LY HONG THU
  • Owner Before Previous Owner: KWANG ANDY M
  • Owner Before Previous Owner 2: KWANG GLORIA N
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Arcadia Unified School District
  • Census Tract: 431701

Zoning

  • Zoning: ARRO*

Geography

  • Assessors Map Reference: 38-D1
  • Subdivision Tract Number: 10928
  • Parcel: 5785-005-017
  • Lot: 6
  • Municipality: EAST /ARCADIA S DUART
  • Latitude: 34.121
  • Longitude: -118.041

    Address

  • Full Address: 245 W Norman Ave
  • Address - House Number: 245
  • Street Direction: W
  • Address - Street Name: Norman
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Arcadia
  • Carrier Code: C012
  • 4-Digit Zip Code: 8040
  • Zip Code: 91007

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $31,850
  • Tax Rate Code Area: 01-893

    Appraisal Valuation

  • Standard Deviation: 0.2235
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 3,310,234
  • High Value: 4,050,317
  • Low Value: 2,570,151

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Feb 08, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,927,110
  • Assessed Land Value: $2,047,905
  • Assessed Improvements Value: $879,205

    Sales

  • Current Sale Contract Date: Jan 21, 2019
  • Current Sale Recording Date: Feb 08, 2019
  • Current Sale Transaction ID: 11568915303
  • Current Sale Price: $2,730,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0117357
  • Previous Sale Recording Date: Aug 01, 2005
  • Previous Sale Contract Date: Jun 24, 2005
  • Previous Sale Amount: $2,470,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Feb 08, 2019
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Feb 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: NO RED TAPE MORTGAGE
  • Previous Mortgage Transaction Date: Aug 01, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,600,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2035

About Arcadia



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Frequently Asked Questions

What neighborhood is 245 West Norman Avenue located in?
The 245 West Norman Avenue is a located in the neighborhood of Arcadia in Arcadia, Arcadia.
What is the average sales price for listings in 245 West Norman Avenue?
The average sales price for units in 245 West Norman Avenue is $0 currently.

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