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Off market
  • $1,918,300

    340 Olive Tree Ln, Sierra Madre, CA 91024

    3beds
    2,278sqft
    SingleFamily
    Built in 1963
    0.4 Acres Lot
    $1,918,300 Zestimate®
    $842/sqft
    $6,636 Estimated rent

    Home value

    $1,918,300

    $1.73M - $2.13M

    $6,636/mo

    Zestimate® history
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    $6,636/mo

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    Rent Zestimate®

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    $12,285/mo

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    $12,285/mo

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    What's special

    Nestled in a tranquil and private setting among towering pine trees, fruit trees and professionally landscaped grounds landscaped by Lew Watanabe, renowned Japanese landscape artist, this warm and welcoming traditional home is situated on 17,633 square feet of peaceful grounds. You'll feel as though you have your very own arboretum in your own back yard as you meander down the stepping stone paths over streams and Koi ponds with beautiful stone work throughout. The spacious formal living room offers a Palos Verdes stone fireplace, crown molding and a large picture window. The family room/dining area is enhanced by beech wood flooring, beamed/vaulted ceiling, a magnificent brick fireplace with raised hearth, floor-to-ceiling windows and new wood clad double sliding doors that open to a large covered patio and huge back yard. The galley kitchen offers new double oven and cooktop, tiled counter and a garden window. There is a 6 X 8 foot office alcove with built-ins that adjoins the kitchen and family room. The spacious master suite is located on the main floor and offers huge closets and a built in dressing area, access to bathroom with marble floor, new woodclad windows throughout. The second level offers two bedrooms and a beautifully updated bath accented with granite and glass tiles and a spa tub. One of the upstairs bedrooms is huge and features custom shelving and crown molding with accent lighting and beautiful leaded glass windows offering a view of the city lights and mountains. Other features include: slate entry, an over-sized 2-car garage with direct access, generous storage, automatic sprinklers, central air/heat, new water heater, energy efficient solar panels, copper plumbing, gas fire pit, dog run, exterior accent lighting and a concrete driveway, gorgeous landscaping including mature live oak and olive tree, mature podocarpus, japanese maples, deodars and water efficient carolina cherry and Japanese privet privacy hedges and two koi ponds and stream, and 300 foot red wood board on board fence is majestic. Mountain view from patio is stunning.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas, Solar
    Cooling
    • Central, Solar
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
    Features
    • Flooring: Hardwood
    • Basement: None
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,278 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Stucco, Wood
    • Has view: Yes
    • View description: City, Mountain
    Lot
    • Size: 0.4 Acres
    Details
    • Parcel number: 5762023024

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Rustic
    Materials
    • Roof: Shake / Shingle
    Condition
    • Year built: 1963

    Community & HOA

    Location
    • Region: Sierra Madre

    Financial & listing details

    • Price per square foot: $842/sqft
    • Tax assessed value: $1,152,530
    • Annual tax amount: $13,375

    Price history

    DateEventPrice
    12/1/2008Sold$895,000-5.7%$393/sqft
    Source: Public Record Report a problem
    9/30/2008Price change$949,000-4.9%$417/sqft
    Source: Prudential California #22111275 Report a problem
    8/25/2008Price change$998,000-4.8%$438/sqft
    Source: Prudential California #22111275 Report a problem
    7/12/2008Price change$1,048,000-12.5%$460/sqft
    Source: Prudential California #22111275 Report a problem
    6/9/2008Listed for sale$1,198,000$526/sqft
    Source: Prudential California #22111275 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,375 +2.6%$1,152,530 +2%
    2024$13,039 +0.6%$1,129,932 +2%
    2023$12,962 +3.6%$1,107,778 +2%
    2022$12,514 +4.2%$1,086,058 +2%
    2021$12,004 +4.2%$1,064,764 +1%
    2020$11,525 $1,053,847 +2%
    2019$11,525 -2%$1,033,185 +2%
    2018$11,765 $1,012,928 +2%
    2017$11,765 +1%$993,068 +2%
    2016$11,646 +2.7%$973,597 +1.5%
    2015$11,337 +3.8%$958,974 +2%
    2014$10,925 $940,190 +13%
    2012-- $832,000 -7.5%
    2011-- $899,600 +0.8%
    2010-- $892,878 -0.2%
    2009-- $895,000 +24.1%
    2008-- $721,335 +2%
    2007-- $707,192 +2%
    2006-- $693,326
    2005-- $693,326 +4%
    2004-- $666,405 +1.9%
    2003-- $654,192 +30.6%
    2002-- $501,100 +14%
    2000-- $439,600
    Find assessor info on the county website

    Neighborhood: 91024

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,918,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,918,300