New home for sale on the San Gabriel Real Estate market:

6802 Lotus Avenue in San Gabriel

[realestateshows]371307[/realestateshows]

List Price: $818,000

MLS#: 22120892

Year Built: 1992

Bedrooms/Bathrooms: 4 bedrooms and 4 baths

Schools: Temple City School District

Parking: Enormous 5 car garage

Interior Square Footage – Data per Assessor: 2,898

Lot Size – 7,416

Special Features: Separate guest quarters or in-law apartment, 3 fireplaces, dual zoned alarm system, intercom system throughout the house, dual pane windows, Italian tile, recessed lighting, ceiling fans, coffered ceilings, full wet bar, therapeutic outdoor spa, tankless water heater and much more.

This beautiful custom built home sits in a peaceful neighborhood of North San Gabriel adjacent to San Marino and Pasadena.

This is a two story Traditional with four bedrooms and four baths, a formal living room, family room with a full bar which opens to a huge kitchen perfect for entertaining.

The living room greets you with plenty of windows, coffered ceilings with recessed lights and a chandelier, marble wood fireplace and access to a lovely side yard.

Family room is more of a “great room” perfect for entertaining with a full bar complete with a mini fridge, wine rack and glass and oak cabinetry.  A marble fireplace, french doors leading to a spacious back yard, dining area and an open kitchen complete this entertainer’s dream.

The kitchen features an extra large island, custom built-in appliances, a large eat-in bar perfect for buffets and special occasions.  Lots of storage with pull out drawers, three kitchen “appliance garages” for easy access and storage of small appliances.

The front downstairs bedroom is a suite with a full bathroom.

At the back of the home, a separate bedroom and bath with its own entry and security system is waiting for your in-laws, guests or in-home business area.

Upstairs is a landing with plenty of windows showcasing the beautiful San Gabriel mountains and fruit trees that are on the property.  It leads to the Master Suite and another bedroom suite.

The Master Suite is enormous and features a sitting area and a cozy, marble gas operated (just turn the switch on!) fireplace.  This is truly a paradise for the ladies with a 22 ft walk in closet and a stand alone walk-in shoe closet.  Master bathroom has a stand alone shower with beautiful custom tiles, a step down jet spa, a bidet and double sinks.  A fun and very convenient feature is a laundry chute which leads directly to the downstairs laundry room.

Master suite leads out to a large balcony overlooking the back yard and offering spectacular views perfect for that morning cup of coffee.

The fourth bedroom has mirrored closet doors and its own full bathroom with custom tile work.

Throughout the house you will find recessed lighting, ceiling fans, dual pane vinyl windows with custom drapes, valances and shades.  Tons of storage throughout the house.  This home has even been pre-wired for Christmas lights.

Back yard has an above ground therapeautic spa, vegetable garden and plenty of fruit trees including apricots, figs, avocados, grapefruit and more.  Automatic sprinkler system for front, back and side yards.  Motion and manual outdoor lights have been installed for evenings out.

A five-car extra deep (4 ft deeper than usual) garage has double doors that open both to the street as well as the interior of the back yard.  What an opportunity for entertaining!   The garage is separated into two separate, but connecting garages – a 3 car garage and a 2 car garage.  Plenty of built-in cabinetry and a loft above for additional storage.

Special care was taken when this home was constructed to reinforce it with sheer paneling for extra earthquake protection, silent floors and a light composite roof.

This home truly has to be seen to be appreciated.  A wonderful opportunity to own a house of your dreams!

San Gabriel Real Estate Market Report for December 2008

How does this North San Gabriel home compared to other homes in the area:

This custom home is priced at only $282.26 per sq. ft.

Current homes available for sale in a quarter mile radius from 6802 Lotus Avenue are priced at $371.54 sq. ft. (Pasadena Foothill Multiple Listing Service as of 1/31/09)

Sold homes in a quarter mile radius from 6802 Lotus Avenue closed escrow at $337.06 per sq. ft. (Pasadena Foothill Multiple Listing Service as of 1/31/09)

No surprises in the San Gabriel real estate trends for August 2008.  The number of new home listings have increased from 15 to 23 from July through August, but the overall number of available San Gabriel homes is the same as well as the number of San Gabriel homes that sold remain the same.  The number of Single Family Residences (SFR) that are under contract in August is significantly lower than July mainly due to the cyclical nature of real estate during summer months.  June and July are the busiest real estate months with August slowing down as families are settling in to a new school year.

San Gabriel condo inventory went down, while townhomes have seen a huge increase in available properties although sellers are overpricing these townhomes in my opinion.  Townhomes are selling in mid to high $200 price per sq. ft. range while the newly listed townhomes are averaging around $330 per sq. ft.  Hmmm…. if you are a seller, rethink your strategy… not only will these townhomes take longer to sell and will most likely sell at a much lower price, but no appraiser in their right mind will appraise them at asking price!

 San Gabriel Real Estate Indicators for May 2008 through August 2008:

Data taken from ITEC (Pasadena Foothills Association MLS service)

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For weekly updates on San Gabriel real estate market activity, please feel free to request market analysis reports with detailed information at How is the Market button on this site.  These real-time real estatemarket reports are gathered and updated by Altos Research and will be emailed to you weekly with my compliments.

Posted by Irina Netchaev, Real Estate Agent 

READ MORE:  San Gabriel Real Estate Market Report September 2008

San Gabriel real estate market has been holding pretty steady without any major variances over the last few months. The least expensive home on the market in San Gabriel right now is $299,000 and the most expensive home for sale is $2,195,000.

Interestingly, the number of homes on the market has dropped for both Single Family Residences (SFR) and Townhomes. This drop is due to more buyers opening escrows in July for SFR and more properties being taken off the market for Townhomes – a possible indication of foreclosures and unsuccessful short sales.

San Gabriel Real Estate Housing Data:

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a San Gabriel home, please click on the search home link here.

For weekly updates on San Gabriel real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev 626-627-7107