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505 Lotus, Sierra Madre, California 91024, Sierra Madre, 91024 - 4 bed, 4 bath

505 Lotus, Sierra Madre, California 91024 home-pic-0
ACTIVE$2,299,999$4,075/sqft
Est. Value: $2,682,746
16%
BelowEstimate
505 Lotus, Sierra Madre, California 91024
4Beds
4Baths
4,075Sqft
18,315Lot

Price Vs. Estimate

The estimated value ($2,682,746.19) is $382,747.19 (16%) higher than the list price ($2,299,999). This property may be underpriced.

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 = 18315, living area = 4075.
Top Cons:
Recent Sales Price Discrepancy: The current list price of $2.3M is substantially higher than the last recorded sale of $1.698M in March 2024, which may raise questions about valuation or potential overpricing for prospective buyers and appraisers.

Compared to the nearby listings

Price:$2.30M vs avg $1.60M (+$697,499)90%
Size:4,075 sqft vs avg 2,019.5 sqft98%
Price/sqft:$564 vs avg $75510%

More Insights

Built in 1991 (35 years old).
Condition: This property, built in 1991, has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description explicitly states it has been 'thoughtfully remodeled throughout' and features a 'fully remodeled kitchen' with granite countertops, stainless steel appliances, and refined lighting. Images confirm a modern, high-quality kitchen and luxurious, virtually new bathrooms with contemporary fixtures and finishes (e.g., freestanding tub, marble-look tile, gold-tone hardware). The presence of 'two brand-new air conditioning units' further supports a very recent and significant upgrade to major systems. While the description mentions 'laminate flooring,' the visual evidence suggests a high-quality, well-maintained product that complements the modern aesthetic. Overall, the property presents as virtually new in its key living spaces and systems, with no apparent deferred maintenance.
Year Built
1991
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$564
HOA
-
Days on market
-
Sold On
-
MLS number
WS25277765
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Mountain(s)
Deck
Pool
Spa
Patio
ViewCity Lights,Hills,Mountain(s)

About this home

Tucked away in the foothills, this hilltop estate offers breathtaking panoramic views and exceptional privacy. The elegant English Tudor residence features 4 bedrooms and 3.5 bathrooms and has been thoughtfully remodeled throughout. The home showcases a bright, open-concept layout with a seamless family room and kitchen, complemented by an informal dining area and a separate formal dining room. The fully remodeled kitchen features granite countertops, a center island, stainless steel appliances, and refined lighting. Two brand-new air conditioning units provide modern comfort. Special interior highlights include fireplaces in both the living room and family room, laminate flooring, and an oversized laundry room conveniently located near the formal living space. Two private balconies—one off the family room and another off the primary suite—offer picturesque views and indoor-outdoor enjoyment. The private backyard is an entertainer’s retreat, featuring a custom heated pool with waterfall and spa, along with a large built-in BBQ area ideal for gatherings and relaxation. Conveniently located with easy access to freeways, shopping, and dining, this exceptional home blends timeless character with modern upgrades and stunning views.

E
Evelyn Keung
Listing Agent

Price History

Date
Event
Price
04/01/24
Sold
$1,698,000
03/28/24
Sold
$1,582,500
04/08/22
Sold
$2,050,000
04/08/22
Sold
$2,200,000
03/12/19
Sold
$2,300,000
04/19/18
Sold
$1,489,000
Condition Rating
Excellent
This property, built in 1991, has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description explicitly states it has been 'thoughtfully remodeled throughout' and features a 'fully remodeled kitchen' with granite countertops, stainless steel appliances, and refined lighting. Images confirm a modern, high-quality kitchen and luxurious, virtually new bathrooms with contemporary fixtures and finishes (e.g., freestanding tub, marble-look tile, gold-tone hardware). The presence of 'two brand-new air conditioning units' further supports a very recent and significant upgrade to major systems. While the description mentions 'laminate flooring,' the visual evidence suggests a high-quality, well-maintained product that complements the modern aesthetic. Overall, the property presents as virtually new in its key living spaces and systems, with no apparent deferred maintenance.
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 = 18315, living area = 4075.
Panoramic Views & Privacy: The hilltop estate offers breathtaking panoramic views of city lights, hills, and mountains, complemented by exceptional privacy and private balconies.
Extensive Modern Remodel: The home has been thoughtfully remodeled throughout, featuring a fully updated kitchen with granite countertops, a center island, stainless steel appliances, an open-concept layout, and two brand-new air conditioning units.
Resort-Style Outdoor Living: The private backyard is an entertainer’s retreat, boasting a custom heated pool with a waterfall and spa, along with a large built-in BBQ area.
Spacious & Functional Layout: With 4 bedrooms, 4 bathrooms, and 4075 sqft, the property offers a bright, open-concept layout, separate formal dining, and an oversized laundry room.
Desirable Sierra Madre Location: Tucked away in the foothills of Sierra Madre, the property provides convenient access to freeways, shopping, and dining while maintaining a serene, private setting.

Cons

Recent Sales Price Discrepancy: The current list price of $2.3M is substantially higher than the last recorded sale of $1.698M in March 2024, which may raise questions about valuation or potential overpricing for prospective buyers and appraisers.
Specific Architectural Style: The 'elegant English Tudor residence' style, while charming, caters to a specific aesthetic preference, potentially narrowing the buyer pool compared to more broadly appealing contemporary designs.
Laminate Flooring: Despite extensive remodeling, the mention of laminate flooring might be viewed as a less premium finish by some buyers, potentially impacting perceived value at this price point.
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