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1440 Carmelita Place, Arcadia, California 91006, Arcadia, 91006 - 5 bed, 5 bath

1440 Carmelita Place, Arcadia, California 91006 home-pic-0
ACTIVE$3,480,000
1440 Carmelita Place, Arcadia, California 91006
5Beds
5Baths
3,842Sqft
23,626Lot

Price Vs. Estimate

The estimated value ($2,361,472.405) is $1,118,527.595 (32%) lower than the list price ($3,480,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23626, living area = 3842.
Top Cons:
Age of Property: Built in 1948, the property's age may imply older infrastructure (e.g., plumbing, electrical, HVAC) that could require future updates or maintenance not explicitly mentioned as modernized.

Compared to the nearby listings

Price:$3.48M vs avg $1.66M (+$1,821,000)83%
Size:3,842 sqft vs avg 2,140 sqft75%
Price/sqft:$906 vs avg $78077%

More Insights

Built in 1948 (77 years old).
Condition: Built in 1948, this property has undergone significant and recent remodels, particularly in the kitchen and bathrooms. The kitchen boasts newer cabinets, granite countertops, and modern stainless steel appliances, presenting a clean and functional aesthetic. The bathrooms are also described as remodeled, indicating updated fixtures and finishes. Throughout the home, the flooring (hardwood, tile, and carpet) appears well-maintained, and lighting fixtures are a mix of recessed and contemporary flush mounts. While the interior shows extensive updates, the lack of explicit information regarding the age and condition of major systems like HVAC, plumbing, and electrical for a home built in 1948 prevents an 'Excellent' rating. However, the property is clearly move-in ready with no immediate renovations required, aligning well with a 'Good' condition score.
Year Built
1948
Close
-
List price
$3.48M
Original List price
$3.88M
Price/Sqft
$906
HOA
-
Days on market
-
Sold On
-
MLS number
AR24130093
Home ConditionGood
Features
Patio
View-

About this home

*Prime location with motivated seller* This beautiful home is located on a rare cul-de-sac in the prestigious Santa Anita Oaks, one of the most desirable areas in Arcadia. Centrally situated within a tree-lined, well-maintained neighborhood, it offers access to the best schools in the area. The home is also conveniently close to Santa Anita Park, Westfield Santa Anita Mall, and the Los Angeles County Arboretum and Botanic Garden, providing a perfect blend of luxury, privacy, and accessibility. This home combines traditional design with modern amenities. Meticulously designed to maximize natural light and views of the park-like grounds, it features large windows, expertly landscaped front and rear yards, and spacious interiors perfect for families. Upon entering the foyer, you’re greeted by a spacious formal living room with beautiful views of the backyard. The remodeled kitchen boasts newer cabinets, granite counters, stainless steel appliances, and an island, ideal for casual dining and entertainment. Adjacent to the kitchen, the huge family room provides ample space for relaxation, complete with storage cabinets, a fireplace, and large windows. Of the 5 bedrooms, 4 are suites with remodeled bathrooms. The large master suite features a spacious walk-in closet, its own full bath, and large east-facing windows that capture the morning sunrise. The outdoor areas are stunning, with professionally landscaped greenery, iceberg roses, Japanese Maple trees, and a fountain, all creating a luxurious, park-like ambiance. With so much to offer, this beautiful home is an ideal place to enjoy the best of Arcadia

Condition Rating
Good
Built in 1948, this property has undergone significant and recent remodels, particularly in the kitchen and bathrooms. The kitchen boasts newer cabinets, granite countertops, and modern stainless steel appliances, presenting a clean and functional aesthetic. The bathrooms are also described as remodeled, indicating updated fixtures and finishes. Throughout the home, the flooring (hardwood, tile, and carpet) appears well-maintained, and lighting fixtures are a mix of recessed and contemporary flush mounts. While the interior shows extensive updates, the lack of explicit information regarding the age and condition of major systems like HVAC, plumbing, and electrical for a home built in 1948 prevents an 'Excellent' rating. However, the property is clearly move-in ready with no immediate renovations required, aligning well with a 'Good' condition score.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23626, living area = 3842.
Prime Location & Neighborhood: Located on a rare cul-de-sac in the prestigious Santa Anita Oaks, offering access to top-rated schools and proximity to Santa Anita Park, Westfield Santa Anita Mall, and the Los Angeles County Arboretum.
Extensive Landscaping & Outdoor Ambiance: Professionally landscaped front and rear yards with iceberg roses, Japanese Maple trees, and a fountain, creating a luxurious, park-like setting.
Remodeled Kitchen & Bathrooms: The kitchen boasts newer cabinets, granite counters, stainless steel appliances, and an island, while 4 of the 5 bedrooms are suites with remodeled bathrooms.
Spacious & Well-Designed Interiors: Meticulously designed to maximize natural light and views with large windows, featuring a huge family room, spacious formal living room, and a large master suite with a walk-in closet.
Generous Lot Size & Living Space: Offers a substantial living area of 3,842 sqft on a large 23,626 sqft lot, providing ample space for family living and entertaining.

Cons

Age of Property: Built in 1948, the property's age may imply older infrastructure (e.g., plumbing, electrical, HVAC) that could require future updates or maintenance not explicitly mentioned as modernized.
Price History & Valuation Discrepancy: A 'motivated seller' combined with a significant price reduction from the original list price and a -32% estimation ratio suggests potential overpricing or market resistance.
Lack of Specific Modern System Updates: While interior remodels are highlighted, there is no explicit mention of updates to critical systems like HVAC, which for a 1948 build, could be outdated or inefficient, impacting comfort and utility costs.

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