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415 Cortez Road, Arcadia, California 91007, Arcadia, 91007 - 3 bed, 3 bath

415 Cortez Road, Arcadia, California 91007 home-pic-0
ACTIVE$1,630,000$1,763/sqft
Est. Value: $1,396,014
-14%
AboveEstimate
415 Cortez Road, Arcadia, California 91007
3Beds
3Baths
1,763Sqft
7,853Lot

Price Vs. Estimate

The estimated value ($1,396,013.665) is $233,986.335 (14%) lower than the list price ($1,630,000). 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 = 7853, living area = 1763.
Top Cons:
Sold As-Is Condition: The property is explicitly sold in its current 'as-is' condition, implying that buyers should anticipate immediate needs for repairs or upgrades.

Compared to the nearby listings

Price:$1.63M vs avg $2.13M ($-497,500)28%
Size:1,763 sqft vs avg 2,801.5 sqft15%
Price/sqft:$925 vs avg $73684%

More Insights

Built in 1947 (79 years old).
Condition: Built in 1947, this property is explicitly listed 'AS-IS' and the listing's own analysis highlights its age and the need for 'substantial investment.' The kitchen features dated light wood cabinets, older black appliances, and granite countertops, suggesting a renovation 15-25 years ago. One bathroom is in very poor condition with old tiling and visible discoloration/mold near the ceiling, indicating significant deferred maintenance. While another bathroom has a clawfoot tub, it doesn't offset the overall need for extensive rehabilitation. The property requires substantial repairs and updates to meet modern standards and comfort.
Year Built
1947
Close
-
List price
$1.63M
Original List price
$1.63M
Price/Sqft
$925
HOA
-
Days on market
-
Sold On
-
MLS number
LG25274807
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Nestled in the heart of the highly sought-after Arcadia neighborhood and within the top-rated Arcadia School District (Hugo Reid Elementary, Foothills Middle and Arcadia High School), this 3 Bedroom (can be 4 bedrooms as one of the 4 is being used as a den at this time), 3 bathrooms, 'ranch style' home offers endless possibilities. Living space is almost 1,800 square feet (1,763 per public records). Set on a sprawling almost 8,000 sq.ft. flat lot (actual lot size apx 7,853). The property presents a rare opportunity to create something truly extraordinary. Whether you're envisioning a sleek modern estate, a timeless retreat, or a multi-generational haven, the potential is limitless. With it's prime location, you'll enjoy both peace and privacy, while being conveniently close to schools, shopping, dining and major transportation routes. This property is being sold in its current AS-IS condition, allowing you to bring your own vision and personal touch to make it your own. Don't miss the chance to transform this property into the home of your dreams in one of Arcadia's most desirable neighborhoods.

A
Alan Cirson
Listing Agent

Price History

Date
Event
Price
11/30/99
Sold
$328,000
08/03/05
Sold
$755,000
Condition Rating
Poor
Built in 1947, this property is explicitly listed 'AS-IS' and the listing's own analysis highlights its age and the need for 'substantial investment.' The kitchen features dated light wood cabinets, older black appliances, and granite countertops, suggesting a renovation 15-25 years ago. One bathroom is in very poor condition with old tiling and visible discoloration/mold near the ceiling, indicating significant deferred maintenance. While another bathroom has a clawfoot tub, it doesn't offset the overall need for extensive rehabilitation. The property requires substantial repairs and updates to meet modern standards and comfort.
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 = 7853, living area = 1763.
Prime Arcadia Location: Nestled in a highly sought-after Arcadia neighborhood, offering peace, privacy, and convenient access to schools, shopping, dining, and major transportation routes.
Top-Rated School District: Located within the prestigious Arcadia School District, including Hugo Reid Elementary, Foothills Middle, and Arcadia High School, a significant draw for families.
Large, Flat Lot: Set on a sprawling, flat lot of approximately 7,853 sq.ft., providing ample space for expansion, landscaping, or outdoor amenities.
Significant Development Potential: Presents a rare opportunity with limitless potential for extensive renovation, modernization, or redevelopment to create a custom estate or multi-generational haven.
Desirable Mountain Views: The property offers appealing mountain views, enhancing its aesthetic value and desirability.

Cons

Sold As-Is Condition: The property is explicitly sold in its current 'as-is' condition, implying that buyers should anticipate immediate needs for repairs or upgrades.
Age of Property: Built in 1947, the home's age suggests that major systems, infrastructure, and aesthetics may require significant updates to meet modern standards and preferences.
Requires Substantial Investment: While offering 'limitless potential,' realizing this vision will necessitate a considerable financial investment for renovation or redevelopment beyond the initial purchase price.
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