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827 Hampton Road, Arcadia, California 91006, Arcadia, 91006 - 6 bed, 4 bath

827 Hampton Road, Arcadia, California 91006 home-pic-0
ACTIVE$5,180,000
827 Hampton Road, Arcadia, California 91006
6Beds
4Baths
5,105Sqft
42,212Lot
Year Built
1954
Close
-
List price
$5.18M
Original List price
$5.18M
Price/Sqft
$1,015
HOA
-
Days on market
-
Sold On
-
MLS number
AR24182649
Home ConditionTear down
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,6 Pros. Rank: price - $5.18M(94th), sqft - 5105(81th), beds - 6(90th), baths - 4(72th).

Nestled on a quiet treeline street in the highly sought-after 'Upper Rancho' neighborhood, this South Facing Home is ready for you to build your $10 million dollars DREAM HOME with almost 1 Acres (42,000 sf) of Lot Size. The current single story Ranch Style Home consists of over ~5,100sf with 6 Bedrooms and 4.5 Baths. The spacious circle driveway greets the guests with mature trees and red bricks porch in a double doors entrance. The professional landscaped Backyard is full of many fruit trees and allowing you to enjoy your time with garden works and family entertainment while waiting for your plan to approve by the City. This is a home with endless possibilities and you must see to appreciate!

Condition Rating
Tear down
The property was built in 1954, making it 70 years old. The listing explicitly states it's 'ready for you to build your $10 million dollars DREAM HOME' on the nearly 1-acre lot, indicating that the value is primarily in the land and its redevelopment potential. This implies the existing structure is considered a tear-down, as it would require demolition or an extremely extensive renovation to meet modern luxury standards. The images, consistent with a 1950s ranch, would likely show very dated interiors, including the kitchen and bathrooms, further supporting the tear-down assessment where the property's value is based solely on the land.
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 = 42212, living area = 5105.
Expansive Lot & Development Potential: Nearly one acre (42,000 sqft) in a prime location, explicitly marketed as a site for a multi-million dollar dream home, offering significant redevelopment opportunity.
Prestigious 'Upper Rancho' Location: Situated on a quiet, tree-lined street in one of Arcadia's most highly sought-after neighborhoods, ensuring strong long-term value and desirability.
Arcadia Unified School District: Located within the highly-rated Arcadia Unified School District, a major draw for families and a strong factor in property appreciation.
Substantial Existing Footprint: The current 5,100 sqft, 6-bedroom home provides a large existing structure that could be utilized during planning or for a significant renovation, offering flexibility.
Mature Landscaping & Curb Appeal: Features a spacious circle driveway, mature trees, and a professionally landscaped backyard with fruit trees, enhancing the property's aesthetic appeal and privacy.

Cons

Significant Price Premium for Land Value: The listing price of $5.18M is considerably higher than the estimated property value of $3.39M, suggesting a substantial premium for the land and its redevelopment potential, which may limit the immediate buyer pool.
Dated Existing Structure: Built in 1954, the current Ranch Style home is older and the listing implies it's primarily a tear-down or requires extensive renovation to meet modern luxury standards, incurring significant additional costs.
High Redevelopment Investment Required: The property's primary value proposition is building a 'dream home,' which necessitates a multi-million dollar construction project, substantial time for planning/permits, and a buyer with significant capital beyond the purchase price.

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