1561 Gaywood Dr Altadena, CA 91001
Estimated payment $17,010/month
Highlights
- City Lights View
- 0.92 Acre Lot
- Foothills
- Pasadena High School Rated A
- Hiking Trails
- Block Wall Fence
About This Lot
Discover a rare chance to own a remarkable piece of land in the coveted Altadena foothills. This offering includes two lots (Lots 2 & 3) that were combined under one APN with the potential to be subdivided, allowing for the development of two separate residences or one expansive custom estate. Privately nestled at the end of a serene cul-de-sac, this flat and usable 40,060 square foot lot already features a tennis court and pool--an ideal foundation for the ultimate California lifestyle. Enjoy unmatched privacy and sweeping views of the San Gabriel Mountains, tranquil skies, and breathtaking sunsets. Surrounded by mature trees and natural beauty, the setting is both peaceful and inspiring--perfect for crafting a luxurious architectural masterpiece, lush garden retreat, or entertainer's dream. Whether your vision is a sleek modern showpiece, a timeless Spanish Revival, or a warm ranch-style haven, this exceptional property offers limitless potential in a prime location that feels a world apart yet remains close to everything. Opportunities where privacy, natural beauty, and visionary possibility converge are exceedingly rare. The property is being sold as-is. Phase 2 debris removal has been completed by the U.S. Army Corps of Engineers. A previous 5-bedroom, 4-bathroom Mid-Century Modern home once stood on the lot, totaling approximately 5,200 square feet (assessor records indicate 4,162 square feet).
Property Details
Property Type
- Land
Est. Annual Taxes
- $31,966
Lot Details
- 0.92 Acre Lot
- Block Wall Fence
- Chain Link Fence
- Sprinkler System
- Property is zoned LCR120
Property Views
- City Lights
- Mountain
Listing and Financial Details
- Tax Lot 2-3
- Tax Tract Number 4601
- Assessor Parcel Number 5844026028
- Seller Considering Concessions
Community Details
Overview
- Foothills
- Mountainous Community
Recreation
- Hiking Trails
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $31,966 | $2,779,500 | $1,938,000 | $841,500 |
| 2023 | $5,431 | $359,948 | $81,745 | $278,203 |
| 2022 | $5,270 | $352,892 | $80,143 | $272,749 |
| 2021 | $4,867 | $345,973 | $78,572 | $267,401 |
| 2019 | $4,712 | $335,714 | $76,243 | $259,471 |
| 2018 | $4,230 | $329,133 | $74,749 | $254,384 |
| 2016 | $4,054 | $316,355 | $71,848 | $244,507 |
| 2015 | $4,010 | $311,604 | $70,769 | $240,835 |
| 2014 | $3,947 | $305,501 | $69,383 | $236,118 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | For Sale | $2,590,000 | -30.9% | -- |
| 09/30/2024 09/30/24 | Sold | $3,750,000 | -2.6% | $721 / Sq Ft |
| 08/12/2024 08/12/24 | Pending | -- | -- | -- |
| 05/28/2024 05/28/24 | For Sale | $3,850,000 | +41.3% | $740 / Sq Ft |
| 02/07/2023 02/07/23 | Sold | $2,725,000 | -4.4% | $655 / Sq Ft |
| 12/16/2022 12/16/22 | Pending | -- | -- | -- |
| 11/25/2022 11/25/22 | Price Changed | $2,850,000 | -5.0% | $685 / Sq Ft |
| 09/09/2022 09/09/22 | For Sale | $3,000,000 | -- | $721 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,750,000 | Lawyers Title | |
| Deed | -- | Usa National Title | |
| Grant Deed | $2,725,000 | Usa National Title | |
| Deed | -- | Usa National Title | |
| Deed | -- | Usa National Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,000,000 | New Conventional |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-21774
APN: 5844-026-028
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