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705 Rim Road

705 Rim Road, Pasadena, CA 91107
Sold Aug 03, 2022
$2,200,000
$1,683,000 by Tri Counties Bank
Mortgage Due Dec 01, 2052
Sold Oct 25, 2021
$1,300,000
$899,000 by Lendinghome Funding Corp
Mortgage
705 Rim Road has been categorized by the local assessors in Pasadena, CA as a residential type of property. The building on the property was first built in 1949 and is 75 years old. However, we must point out that the home was most recently renovated and altered in 1964. The home has a total of 7 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 705 Rim Road has 2,461 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,520 ft and across the front of the lot is 810 ft. The area measurement of the land has been determined as 12,558 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as excellent. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a hip style roof made of wood shake/ shingles. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The property was last sold in Aug 1, 2022 for $2,200,000. That's $893.95 per sqft. Prior to that sales transaction, the property was also sold in Oct 1, 2021 for $1,300,000. 705 Rim Road was last assessed in 2023. The total value of the property was assessed at $2,200,000. Specifically, the land the property is located on was valued at $1,650,000. While improvements on the property were assessed at a total of $550,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $14,780. The initial tax year of delinquency was in 2021. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 12,558
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 810
  • Total Building Area: 2,461
  • Building Area: 2,461
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,461
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 15588
  • Land Acres: 0.288
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 15588 LOT/SEC 2

Ownership

  • Current Owner : TRAN ROGER W
  • Current Owner 2: CHEN KAREN
  • Previous Owner : AM DEVELOPMENTS LLC
  • Owner Before Previous Owner: LIGHTSPEED INVESTMENT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Pasadena Unified School District
  • Census Tract: 463000

Zoning

  • Zoning: PSR6

Geography

  • Assessors Map Reference: 28-A2
  • Subdivision Tract Number: 15588
  • Parcel: 5757-004-002
  • Lot: 2
  • Municipality: EAST /PAS EAST/N 210
  • Latitude: 34.1587
  • Longitude: -118.08

    Address

  • Full Address: 705 Rim Rd
  • Address - House Number: 705
  • Address - Street Name: Rim
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Pasadena
  • Carrier Code: C098
  • 4-Digit Zip Code: 2126
  • Zip Code: 91107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,780
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 07-500

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,983,859
  • High Value: 2,424,442
  • Low Value: 1,543,276

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,683,000
  • First Open Lien Mortgage Lender: TRI COUNTIES BANK
  • First Open Lien Mortgage Recording Date: Nov 09, 2022
  • First Open Lien Mortgage Loan Amount: $1,683,000
  • 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: Dec 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,200,000
  • Assessed Land Value: $1,650,000
  • Assessed Improvements Value: $550,000

    Sales

  • Current Sale Contract Date: Aug 01, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Transaction ID: 11893441138
  • Current Sale Price: $2,200,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 783796
  • Previous Sale Recording Date: Oct 25, 2021
  • Previous Sale Contract Date: Oct 01, 2021
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Oct 25, 2021
  • Previous Mortgage Loan Amount: $899,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 705 Rim Road located in?
The 705 Rim Road is a located in the neighborhood of Lower Hastings Ranch in Far East Pasadena, Pasadena.
What is the average sales price for listings in 705 Rim Road?
The average sales price for units in 705 Rim Road is $0 currently.

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