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657 South Lake Avenue

657 South Lake Avenue, Pasadena, CA 91106
Property in Madison Heights
Sold Aug 16, 2012
$1,125,000
$1,200,000 by First Republic Bank
Mortgage Due Jun 01, 2051
Local assessors in Pasadena, CA have categorized 657 South Lake Avenue as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 9,631 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 657 South Lake Avenue has a total of 2,829 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. Residents rely on air conditioning for their cooling system. 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, 657 South Lake Avenue was last sold in Jul 6, 2012 for $1,125,000. According to our calculations, that's $397.67 per sqft. Current property owners are expected to pay $18,794 in taxes per year. The property on 657 South Lake Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,664,640. To break that down further, the land itself was valued at $1,248,480. While improvements to the property were assessed at a total of $416,160. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,631
  • Total Building Area: 2,829
  • Gross Building Area: 2,829
  • Building Area: 2,829
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,829
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKWOOD TRACT
  • Land Acres: 0.221
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: OAKWOOD TRACT EX OF ST LOT/SEC 26

Ownership

  • Current Owner : MARK & BRIANS FINE ARTS BUILDING LLC
  • Previous Owner : ARORA SHIRLEY L
  • Previous Owner 2: THE ARORA TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Pasadena Unified School District
  • Census Tract: 464000

Zoning

  • Zoning: PSR3

Geography

  • Assessors Map Reference: 27-B5
  • Parcel: 5721-027-024
  • Lot: 26
  • Municipality: EAST /PAS W/S OF 210
  • Latitude: 34.1345
  • Longitude: -118.133

    Address

  • Full Address: 657 S Lake Ave
  • Address - House Number: 657
  • Street Direction: S
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Pasadena
  • Carrier Code: C079
  • 4-Digit Zip Code: 3915
  • Zip Code: 91106

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,794
  • Tax Rate Code Area: 07-500

    Appraisal Valuation

  • Standard Deviation: 0.2232
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 69
  • Final Value: 2,231,330
  • High Value: 2,729,521
  • Low Value: 1,733,140

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: May 06, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,664,640
  • Assessed Land Value: $1,248,480
  • Assessed Improvements Value: $416,160

    Sales

  • Current Sale Contract Date: Jul 06, 2012
  • Current Sale Recording Date: Aug 16, 2012
  • Current Sale Transaction ID: 1013914999
  • Current Sale Price: $1,125,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 12-1225418

About Southeast Pasadena



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Frequently Asked Questions

What neighborhood is 657 South Lake Avenue located in?
The 657 South Lake Avenue is a located in the neighborhood of Madison Heights in Southeast Pasadena, Pasadena.
What is the average sales price for listings in 657 South Lake Avenue?
The average sales price for units in 657 South Lake Avenue is $0 currently.

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