tomo logo

$2,420,000

Beds
4
Baths
3.0
sq ft
2,779

849 San Vicente Rd, Arcadia, CA 91007

849 San Vicente Rd

Arcadia, CA 91007

  • 47 days on market
Exceptional Opportunity in Lower Rancho Area of Arcadia ~ Situated in the highly sought-after Lower Rancho area of Arcadia, this property boasts a generous lot size of 42,869 sq.ft., offering endless possibilities for development ~ Nestled on a gentle knoll, the property faces south and is surrounded by mature trees, providing both privacy and a serene environment. ~ The current two-story home, tenant-occupied, offers 2,779 sq.ft. of living space, featuring 4 bedrooms and 3 bathrooms. This prime location is ideally suited for a new construction project, with ample space to build a 6,680+- sq.ft. dream home, complete with a pool. ~ Conceptual site and floor plans for the potential new build are available upon request, making this an exceptional opportunity for developers or buyers looking to create their perfect residence in one of Arcadia’s most desirable neighborhoods.

Details

Property type

Single Family Residence

Est. home value

$2,250,898

Lot size

0.9841 acres

Price per sq ft

$871

Year built

1941

Price History

10/03/2024
CRMLS

CRMLS #WS24205533

Listed
$2,420,000
+35.96%
04/01/2021
CRMLS

CRMLS #WS21005687

Sold
$1,780,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Arcadia Unified

Number of units in community: 

1

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,001,510
Asking price
$2,420,000
Closing costs (~8% of asking)
-$193,600
Est. remaining loan balance
-$224,890
Cash to seller
$2,001,510

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cathay Bank

Loan start date

February 2021

Original loan amount

$246,000

Est. remaining balance

$224,890

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Guiji Yin and Ling Zeng

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/19/2024 at 5:35 AM

Listing updated: 10/22/2024 at 10:35 AM

Listed by: XIAOXI SHANG, Pros Group Inc Phone #: (626) 841-1688

MLS: CRMLS #WS24205533

CRMLS logo

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