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5026 Castle Road, La Canada The Most Expensive Home Sold March 2019

The most expensive home sold in La Canada, March 2019 was 5026 Castle Road. The sellers originally listed this property with another La Canada real estate agent at the higher price of $2,595,000.  After thirty-four days the listing was cancelled.  Five months later the sellers switched Realtors and  reduced the asking price to $2,395,000.  This La Canada home sold for $2,355,775. The sellers purchased this home in 2015 for $2,250,000.  After closing costs there was likely little if any profit made on their sale.

5026 Castle Road La Canada

MLS Remarks Read: Majestic, significant and architectural, Mille Fleur is a special residence situated on nearly an acre of mature, sweeping grounds. The house was built in 1932 with French country influences. Offering a welcoming entrance to a formal living room with marble fireplace and views of the pool. A loving kitchen with eat-in counter opens to a formal dining room with fireplace. The heart of the home is the comfortable family room with stone fireplace, built-in desk, shelving, and balcony overlooking the front gardens.

The upper level features three bedrooms and two bathrooms. Including a master suite with fireplace, custom built-ins and access to a private deck. The lower level is a perfect guest room option with separate access, laundry and half bath. The grounds offer multiple fruit trees, fountains, garden boxes and pool.  Also, a perfect setting for farm-to-table dinner parties under the romantic trellis. This is truly an entertaining property! A two car attached garage with wrap around driveway completes this home. Connected to sewers on bond. Blue ribbon schools.

“The spike in mortgage interest rates last fall chilled buyer activity and led to a slowdown in home sales and price growth. Fixed-rate mortgage rates have dropped 0.6 percentage points since November 2018 and today are lower than they were a year ago. With interest rates at this level, we expect a solid home-buying season this spring.” – Frank Nothaft, Chief Economist for CoreLogic

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