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1610 Mayflower Avenue
Arcadia, CA 91006
$2,888,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
6093
Property Description
Nestled in the Mayflower Village area of Arcadia and constructed in 2016, this home offers the esteemed, award winning Arcadia Schools via resolution 881. This newer home is not only one of the largest houses and lot in the area, but it is also one of the lowest price homes per square feet. This remarkable Mediterranean-style residence has been recently remodeled. Beyond the secure gates this meticulously maintained oasis boasts 6 en-suites, 7 bathrooms in a generous 6,093 sq. ft. of living space. The sprawling, level lot spans 14,685 sq. ft. Best value in Arcadia with a hard to find pool sized lot. Upon entry, you are greeted by a two story foyer ushering you into sophisticated living spaces beyond: a formal living room, complemented by a fireplace, which seamlessly transitions into the elegant dining room, all setting the stage for memorable gatherings. The gourmet kitchen, a culinary masterpiece, boasts a delightful island, breakfast bar, an eat-in area, and a butler’s pantry. This perfect setup is further augmented by a secondary kitchen for everyday culinary endeavors. Entertain in the adjoining family room, featuring a delightful wet bar, wine fridge and access to the enchanting covered patio, where the expansive backyard beckons with its lush landscaping. Ideal for al fresco dining and outdoor relaxation. Designed for entertaining and relaxation, this home offers a dedicated movie theater with padded walls, an executive-style office, a convenient secondary primary bedroom with a lavish full bathroom on the main level, in addition to an additional en-suite bedroom. A spacious laundry room, with ample storage, and a guest powder room complete the main level. Upstairs there’s a spacious loft area, a luxurious primary suite boasting a separate sitting area, scenic balcony with mountain views, a generous walk-in closet, and an opulent bathroom equipped with a spa tub, steam shower, and dual vanity sinks. Three additional en-suites, each with private bathrooms, offer comfort and privacy for family and guests alike. Notable features include an electric security gate, dual HVAC system with new thermostats, multiple chandeliers, designer coved ceilings, newly installed hardwood flooring, and a 3-car attached garage with new cabinets and direct home access. The property is equipped with a full security system comprising 7 cameras for added peace of mind. Experience luxury living at its finest, schedule your visit and make this exceptional residence your own.
Property Information
Lot Size
14,685 sqft square ft
Property Type
Residential
Year Built
2016
MLS Number
AR24054078
Location
Address
1610 Mayflower Avenue
City
Arcadia
State
CA
Zip Code
91006
County
LOS ANGELES (MID CITIES)
Listing
Provider
RE/MAX Premier Properties, original listing
Name
RE/MAX Premier Properties
Phone
(626) 229-2200
Office Name
Re/Max Premier Prop Arcadia
Office Phone
(626) 229-2200
Agent Name
Pauline Cheng

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.