NOT LISTED FOR SALE

Estimated Value: $3,827,000 - $11,129,095

7 Beds
9 Baths
19,970 Sq Ft
$383/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $7,000,000 $351 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $48,335/month

241 Days on Market

Highlights

  • View of Trees or Woods
  • Room in yard for a pool
  • Fireplace in Primary Bedroom
  • 1.51 Acre Lot
  • Maid or Guest Quarters
  • Marble Flooring

About This Home

As of February 2018

Situated on "Millionaire's Row," along tree-lined Orange Grove Boulevard and Madeline Drive, is one of the largest and most significant architectural treasures in Pasadena, California. The Cravens Estate was built in the late 1920s, using only the finest materials and world-renowned designers, artisans, and workers, it boasts approximately 20,000 sq. ft. of living space and was constructed of steel reinforced concrete, brick veneer, imported European finishes, and a Vermont slate roof. It was known as the most expensive home ever built in Pasadena, according to a LA Times story dated February 6, 1955. It was designated as a Cultural Heritage Landmark by the City of Pasadena in 1971. It was honored as the Pasadena Showcase House of Design in 2010, when it was partially renovated and restored. First time on the market in over 55 years, this is a once in a lifetime opportunity for someone to add their own chapter to the illustrious history of this magnificent estate.

Last Agent to Sell the Property

Josie Tong

Sotheby's International Realty License #01440310 Listed on: 02/24/2017

Sotheby's International Realty

Co-Listed By

Gretchen Seager

License #01217500

Last Buyer's Agent

Dorothy Carter

Keller Williams Realty Los Feliz License #00775621

Keller Williams Realty Los Feliz

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 1.51 Acre Lot
  • Property is zoned PSC-

Property Views

  • Woods
  • Mountain
  • Hills
  • Park or Greenbelt

Home Design

  • French Architecture

Interior Spaces

  • 19,970 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Bar
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Entry
  • Family Room with Fireplace
  • 6 Fireplaces
  • Great Room with Fireplace
  • Family Room on Second Floor
  • Living Room with Fireplace
  • Dining Room
  • Den with Fireplace
  • Library with Fireplace
  • Bonus Room
  • Utility Room
  • Center Hall
  • Alarm System
  • Attic
  • Basement

Kitchen

  • Breakfast Room
  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wood Under Carpet
  • Parquet
  • Carpet
  • Stone
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • 45 Parking Spaces
  • Detached Carport Space
  • Side by Side Parking
  • Circular Driveway
  • Auto Driveway Gate
  • Guest Parking
  • On-Street Parking

Outdoor Features

  • Room in yard for a pool
  • Enclosed Patio or Porch
  • Outdoor Grill

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Vented Exhaust Fan
  • Phone System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 5718-017-900

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: French
  • Street Number Display: Yes
  • Living Area: 19970
  • Lot Acreage: 1.5100
  • Stories: 2
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Family Room, Great Room, Library, Living Room, Master Bedroom, Master Retreat, Wood Burning
  • Flooring: Carpet, Ceramic Tile, Hardwood, Marble, Parquet, Stone Tile, Tile, Wood Under Carpet
  • Bedrooms: 7
  • Fireplaces: 6
  • Full Bathroom: 4
  • Half Bathroom: 5
  • One Quarter Bathrooms: 0
  • Bathroom Features: Powder Room, Tile
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Equipment: Alarm System, Barbeque, Cable, Ceiling Fan, Dishwasher, Electric Dryer Hookup, Elevator, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Microwave, Network Wire, Phone System, Range/Oven, Refrigerator, Vented Exhaust Fan, Water Line to Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 525.79

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Green Belt, Hills, Mountains, Trees/Woods
  • View: Yes

Garage/Parking

  • Covered Parking: 10
  • Parking Garage: Above Street Level, Auto Driveway Gate, Carport, Carport Detached, Circular Driveway, Covered Parking, Driveway, Driveway - Combination, Driveway Gate, Parking for Guests, Parking for Guests - Onsite, Parking Space, Private, Side By Side
  • Total Parking: 45

Utilities

  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Central, Fireplace, Forced Air

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5718-017-900
  • Geocode Override: No
  • Lot Size Area: 65896

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2024
Sold by
Feinstein Michael J
Bought by
Michael J Feinstein Revocable Trust and Feinstein
Current Estimated Value
$7,640,032

Purchase Details

Closed on
Apr 9, 2024
Sold by
Feinstein Michael J
Bought by
Michael J Feinstein Revocable Trust and Feinstein

Purchase Details

Listed on
Feb 24, 2017
Closed on
Jan 29, 2018
Sold by
American National Red Cross
Bought by
Feinstein Michael and Flannery Terrence
Seller's Agent
Josie Tong
Sotheby's International Realty
Buyer's Agent
Dorothy Carter
Keller Williams Realty Los Feliz
List Price
$10,500,000
Sold Price
$7,000,000
Premium/Discount to List
-$3,500,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.10%
Original Mortgage
$4,550,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Michael J Feinstein Revocable Trust -- None Listed On Document
Terrence V Flannery Revocable Trust -- None Listed On Document
Michael J Feinstein Revocable Trust -- None Listed On Document
Terrence V Flannery Revocable Trust -- None Listed On Document
Feinstein Michael $7,000,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feinstein Michael $4,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2018 02/02/18 Sold $7,000,000 -33.3% $351 / Sq Ft
02/24/2017 02/24/17 For Sale $10,500,000 -- $526 / Sq Ft
Source: The MLS

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 $105,357 $9,290,044 $5,689,144 $3,600,900
2024 $105,357 $9,107,888 $5,577,593 $3,530,295
2023 $90,329 $7,655,521 $5,468,229 $2,187,292
2022 $87,219 $7,505,413 $5,361,009 $2,144,404
2021 $83,783 $7,358,249 $5,255,892 $2,102,357
2019 $79,987 $7,140,000 $5,100,000 $2,040,000
2018 $0 $98,435 $98,435 $0
2016 -- $98,435 $98,435 $0
2015 -- $98,435 $98,435 $0
2014 -- $98,435 $98,435 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-204354

The MLS

APN: 5718-017-045