NOT LISTED FOR SALE

494 N Craig Ave Pasadena, CA 91107

Casa Grande Neighborhood

Estimated Value: $1,436,000 - $1,828,767

3 Beds
1 Bath
2,708 Sq Ft
$631/Sq Ft Est. Value

Sale Details

Date Sold: August 28, 2020

Last sale price $1,321,000 $488 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,643 / mo

146 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Gas Fireplace
  • Pasadena High School Rated A

About This Home

As of August 2020

Rare mixed use residential/ CL zoned triplex in desirable NE Pasadena neighborhood. The property consists of two buildings to include a duplex with basement and a spacious free standing studio. Lower level of the duplex is a two bedroom one bath unit, upper level is a one bedroom, one bath unit. The upper unit boasts wood flooring and ample windows with beamed ceilings in the living and dining areas. The lower unit features gorgeous flooring and a large living area with a fireplace and built-in seating. A cozy eat-in kitchen offers a breakfast nook with access to the second bedroom, ideal as an office or dining room. A vast basement is included. The second building is ideal as a studio or office space with an open concept space floor plan including a galley kitchen with cabinetry and large bathroom with a walk-in shower. Enjoy an attached two-car garage, up to six uncovered parking space with shopping, dining, major highways and more in the heart of Northeast Pasadena. Note: some of the interior photos are not reflective of current staging such as furniture/personal items.

Last Agent to Sell the Property

Debra Fallon

Coldwell Banker Realty License #00966202 Listed on: 03/04/2020

Coldwell Banker Realty

Last Buyer's Agent

Li Sy

Coldwell Banker Residential Brokerage License #00574402

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,714

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Laundry in unit

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Additional Features

  • 6,714 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5744019001

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

6,714 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: PSC-
  • Property Type: Residential Income
  • Parcel Number: 5744019001
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Flooring: Carpet, Wood
  • Fireplace Features: Gas, Living Room
  • Levels: One, Two

Exterior Features

  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6714.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 66300.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6714.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2020
Closed on
Jul 24, 2020
Sold by
Bought by
Seller's Agent
Debra Fallon
Coldwell Banker Realty
Buyer's Agent
Li Sy
Coldwell Banker Residential Brokerage
List Price
$1,318,000
Sold Price
$1,321,000
Premium/Discount to List
$3,000
0.23%
Current Estimated Value
$1,707,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,442
Avg. Annual Appreciation
4.52%
Original Mortgage
$789,000
Outstanding Balance
$696,998
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,010,444

Purchase Details

Closed on
Jun 20, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.15%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,321,000 Equity Title Los Angeles
$279,000 Southland Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $789,000
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/28/2020 08/28/20 Sold $1,321,000 +0.2% $488 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $1,318,000 -0.2% $487 / Sq Ft
06/30/2020 06/30/20 Off Market $1,321,000 -- --
06/23/2020 06/23/20 Price Changed $1,318,000 -2.4% $487 / Sq Ft
03/04/2020 03/04/20 For Sale $1,350,000 -- $499 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,041 $1,429,892 $855,121 $574,771
2024 $16,236 $1,401,855 $838,354 $563,501
2023 $16,101 $1,374,368 $821,916 $552,452
2022 $15,547 $1,347,420 $805,800 $541,620
2021 $14,913 $1,321,000 $790,000 $531,000
2020 $5,600 $462,617 $268,668 $193,949
2019 $5,610 $453,547 $263,400 $190,147
2018 $5,588 $444,655 $258,236 $186,419
2016 $5,380 $427,390 $248,209 $179,181
2015 $5,319 $420,971 $244,481 $176,490
2014 $5,229 $412,725 $239,692 $173,033
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Debra Fallon

    Coldwell Banker Realty

    (619) 227-7616

    16 Total Sales

    Debra Fallon
    Section Image

  • L

    Buyer's Agent in 2020

    Li Sy

    Coldwell Banker Residential Brokerage

    (626) 379-9393

    6 Total Sales

    Li Sy
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-820000895

Pasadena-Foothills Association of REALTORS®

APN: 5744-019-001

California Los Angeles County Pasadena 91107 Casa Grande

494 N Craig Ave, Pasadena, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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