NOT LISTED FOR SALE

Pasadena, CA 91101

Madison Heights Neighborhood

Estimated Value: $1,500,000 - $1,999,000

2 Beds
2 Baths
2,384 Sq Ft
$742/Sq Ft Est. Value

Last Sold March 20, 2013

Last sale price $988,000 $414 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $10,406/month

24 Days on Market

Highlights

  • Art Studio
  • Laundry Room
  • Stacked Washer and Dryer
  • Craftsman Architecture
  • South Facing Home

About This Home

As of March 2013

Located on a tree-lined street in Madison Heights, this 1908 duplex has been meticulously preserved and maintained. Immediately upon entry to the lower level home the architectural details are evident. Hardwood floors, coffered ceilings and stained glass windows compliment the light filled spaces. The remodeled kitchen includes built in ovens and cooktop as well as Silestone quartz countertops. Inside the tranquil master bedroom is a newer remodeled bath. The upper unit features one bedroom and full bath, a remodeled kitchen, dining room and spacious living room. Off the kitchen is a rear deck with stairs to the back gardens and entertainment areas. A two-car garage with attached art studio completes this unique home. Close to shopping, markets and the Gold Line.

Last Agent to Sell the Property

Kevin Bourland

COMPASS License #01486389 Listed on: 02/17/2013

COMPASS

Last Buyer's Agent

Carrie Benuska

Keller Williams Realty License #01798396

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 6,042 Sq Ft Lot
  • South Facing Home

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Craftsman Architecture

Interior Spaces

  • Living Room with Fireplace
  • Art Studio

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2
  • Net Operating Income $18,216

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 5722018002

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 5722018002
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Room Type: Art Studio

Exterior Features

  • Direction Faces: South

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Refrigerator, Dishwasher, Range Hood, Microwave, Gas Cooking
  • Laundry Features: Stackable

Lot Info

  • Lot Size Sq Ft: 6042.00

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Average1 Bed Area: 997
  • Average2 Bed Area: 1434
  • Gross Operating Income: 2.00
  • Gross Scheduled Income: 20160.00
  • Net Operating Income: 18216.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Operating Expense: 1944.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2013
Sold by
Rahmanadi Ignatius Igor
Bought by
Rigoley Partners Lldc
Current Estimated Value
$1,770,036

Purchase Details

Listed on
Feb 17, 2013
Closed on
Mar 5, 2013
Sold by
Banks Elizabeth V
Bought by
Rahmanadi Ignatius Igor and Surjo Letty
Seller's Agent
Kevin Bourland
COMPASS
Buyer's Agent
Carrie Benuska
Keller Williams Realty
List Price
$988,000
Sold Price
$988,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%

Purchase Details

Closed on
Aug 3, 2011
Sold by
Banks Elizabeth V
Bought by
Banks Elizabeth V and Elizabeth V Banks Trust

Purchase Details

Closed on
Nov 20, 2002
Sold by
Banks Elizabeth V
Bought by
Banks Elizabeth V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,378
Interest Rate
5.89%

Purchase Details

Closed on
Oct 28, 1996
Sold by
Keros Nicholas A
Bought by
Hill Elizabeth Banks

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,500
Interest Rate
7.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Rigoley Partners Lldc -- None Available
Rahmanadi Ignatius Igor $988,000 Lawyers Title
Banks Elizabeth V -- None Available
Banks Elizabeth V -- First American Title Co
Hill Elizabeth Banks $282,500 Title Land Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banks Elizabeth V $204,378
Previous Owner Hill Elizabeth Banks $182,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2013 03/20/13 Sold $988,000 0.0% $414 / Sq Ft
03/13/2013 03/13/13 Pending -- -- --
02/17/2013 02/17/13 For Sale $988,000 -- $414 / 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
2025 $13,586 $1,211,142 $848,291 $362,851
2024 $13,586 $1,187,395 $831,658 $355,737
2023 $13,473 $1,164,113 $815,351 $348,762
2022 $13,006 $1,141,288 $799,364 $341,924
2021 $12,472 $1,118,911 $783,691 $335,220
2019 $12,001 $1,086,126 $760,448 $325,678
2018 $12,246 $1,064,838 $745,538 $319,300
2016 $11,862 $1,023,107 $716,589 $306,518
2015 $11,733 $1,007,740 $705,826 $301,914
2014 $11,484 $988,000 $692,000 $296,000
Source: Public Records

Agents Affiliated with this Home

  • Kevin Bourland

    Seller's Agent in 2013

    Kevin Bourland

    COMPASS

    (213) 407-4754

    2 in this area

    87 Total Sales

    Kevin Bourland
    Section Image

  • C

    Buyer's Agent in 2013

    Carrie Benuska

    Keller Williams Realty

    Section Image
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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22172526

Pasadena-Foothills Association of REALTORS®

APN: 5722-018-002

California Los Angeles County Pasadena 91101

Madison Heights

Not Listed for Sale

MultiFamily

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