NOT LISTED FOR SALE

Estimated Value: $432,000 - $485,000

-- Bed
1 Bath
450 Sq Ft
$444/mo HOA Fee

Last Sold September 09, 2022

Last sale price $408,000 $907 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,387/month

29 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Gated Community
  • Blair High School Rated A-
  • Automatic Gate
  • Updated Kitchen

About This Home

As of September 2022

This handsomely updated north facing studio is in the popular El Molino Terrace Complex in the Pasadena Playhouse District! This property makes a perfect part-time residence or works great for a first time buyer or student. This studio has mountain views and has been recently updated and remodeled with upgrades that include granite kitchen countertops with custom tile backsplash, stainless steel appliances, Plantation shutters, laminate and tile flooring, built-ins in both spacious closets, built in Murphy bed which works exceptionally well for the space, built in cabinets, Restoration Hardware finishes and the A/C unit replaced in 2020. This is in a great central Pasadena location as you are close to shops, dining, entertainment, public transportation and the best that Pasadena has to offer. The complex has a refreshing pool and spa with an outdoor BBQ area. The pool and surrounding decking were replaced in the last 2 years. There is small well equipped gym and a nice lounge/conference room as well. Both of these are directly adjacent to the pool area. This home does have in-unit laundry and the Murphy bed, refrigerator, stove, washer & dryer, microwave and dishwasher are included. This is a great opportunity to own a charming and efficient studio in a wonderful location here in Pasadena!

Last Agent to Sell the Property

Tony Dowdy

Coldwell Banker Realty License #01347010 Listed on: 08/03/2022

Coldwell Banker Realty

Last Buyer's Agent

Reilly Beezer

Onyx Homes License #02134802

Onyx Homes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,733

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • Two or More Common Walls
  • Landscaped
  • Sprinkler System

HOA Fees

  • $444 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Parking Available
  • Automatic Gate
  • Parking Lot
  • Controlled Entrance
  • Community Parking Structure

Home Design

  • Contemporary Architecture
  • Common Roof
  • Stucco

Interior Spaces

  • 450 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Plantation Shutters
  • Sliding Doors
  • Mountain Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Corian Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Accessible Home Design

  • No Interior Steps

Pool

  • In Ground Pool
  • Above Ground Spa

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 462202
  • Assessor Parcel Number 5723008073

Community Details

Overview

  • Master Insurance
  • 78 Units
  • El Molino Terrace Association, Phone Number (800) 428-5588
  • First Service Residential HOA
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Meeting Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,733

Year Built

Built in 1987 | Remodeled

Lot Details

0

HOA Fees

$444 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Refrigerator, stove, washer, dryer, microwave, dishwasher. Murphy Bed
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained, Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Gated Community, Smoke Detector(s)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5723008073
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 450.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Stone Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 886.67
  • Room Type: Laundry, Walk-In Closet
  • Spa Features: Above Ground, Association, Community
  • Window Features: Plantation Shutters
  • Bathroom Features: Bathtub, Corian Counters, Main Floor Full Bath, Remodeled, Shower In Tub
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Mountain(s)
  • Fence: No
  • Patio And Porch Features: Covered, Patio
  • Pool Features: Association, Community, In Ground
  • Pool Private: Yes
  • Roof: Common Roof
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Community Structure, Controlled Entrance, Gated, Parking Space, Private, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Inside, Stackable, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Controlled Access, Earthquake Insurance, Gym/Ex Room, Hot Water, Insurance, Maintenance Grounds, Meeting Room, Pet Rules, Pets Permitted, Pool, Sewer, Spa/Hot Tub, Trash, Water
  • Association Fee: 443.54
  • Association Fee Frequency: Monthly
  • Association Name: El Molino Terrace
  • Phone: 800-428-5588
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: First Service Residential

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Sq Ft: 52533.00
  • Lot Size Acres: 1.2060

Multi Family

  • Lease Considered: No
  • Lot Size Area: 52533.0000 Square Feet
  • Number Of Units In Community: 78

Tax Info

  • Tax Lot: 1
  • Tax Tract: 44574
  • Tax Tract Number: 462202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Aug 22, 2022
Sold by
Masch Robert H
Bought by
Schulz Gunther and Schulz Jody Errandi
Seller's Agent
Tony Dowdy
Coldwell Banker Realty
Buyer's Agent
Reilly Beezer
Onyx Homes
List Price
$399,000
Sold Price
$408,000
Premium/Discount to List
$9,000
2.26%
Total Days on Market
29
Current Estimated Value
$454,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,052
Avg. Annual Appreciation
3.65%
Original Mortgage
$295,000
Outstanding Balance
$283,889
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$166,090

Purchase Details

Closed on
Apr 21, 2004
Sold by
Platinum Property Development Corp
Bought by
Masch Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,950
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schulz Gunther $408,000 --
Masch Robert H $175,000 Investors Title Company
Masch Robert H -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schulz Gunther $295,000
Previous Owner Masch Robert H $139,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $408,000 +2.3% $907 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $399,000 -- $887 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $4,733 $416,160 $208,080 $208,080
2023 $4,767 $408,000 $204,000 $204,000
2022 $2,797 $234,446 $174,166 $60,280
2021 $2,686 $229,850 $170,751 $59,099
2019 $2,587 $223,036 $165,688 $57,348
2018 $2,638 $218,664 $162,440 $56,224
2016 $2,546 $210,175 $156,133 $54,042
2015 $2,511 $207,019 $153,788 $53,231
2014 $2,471 $202,965 $150,776 $52,189
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-10742

Pasadena-Foothills Association of REALTORS®

APN: 5723-008-073