NOT LISTED FOR SALE

497 S El Molino Ave Unit 108 Pasadena, CA 91101

Madison Heights Neighborhood

Estimated Value: $702,000 - $893,000

2 Beds
2 Baths
1,208 Sq Ft
0.59 Acres

Last Sold June 05, 2023

Last sale price $715,000 $592 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,832/month

Highlights

  • View of Trees or Woods
  • 0.59 Acre Lot
  • Bamboo Flooring
  • Blair High School Rated A-
  • Fireplace in Primary Bedroom
  • 2 Car Attached Garage

About This Home

As of July 2023

This spacious two bedroom/two bath El Molino Arms condominium is centrally located in Pasadena just blocks from shopping and dining on South Lake Avenue. Monthly lease includes the following utility services: electricity, gas, water, and trash.

This quiet, ground-level private end unit has many windows and features lush tree views. The property is in move-in condition w/ hardwood bamboo flooring and new paint throughout. An open floor plan highlights a living room w/ gas fireplace, a dining area, a separate den (perfect for an office), and a beautifully remodeled galley kitchen with stainless steel appliances.

The primary bedroom w/ attached full bath includes two closets and a picture window that frames the sunny southern views. In addition, there is a spacious second bedroom with a built-in closet, and a remodeled hallway 3/4 guest bath.

Additional amenities include: A/C and forced heat, tandem 2-car parking, elevator access to garage, a storage unit, a common patio area w/ tables and grills, and laundry facilities. The Metro Gold Line, the Playhouse District, Old Town Pasadena, and Cal Tech are only minutes away.

Last Agent to Rent the Property

Tracy Gai

IRN REALTY License #01162662 Listed on: 07/19/2023

IRN REALTY

Last Renter's Agent

Lilian Chen

IRN Realty License #01219766

IRN Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,294

Year Built

  • Built in 1972

Lot Details

  • 0.59

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • Woods
  • Pool

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,208 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Rain Gutters
  • 1 Common Wall
  • Urban Location

Listing and Financial Details

  • Security Deposit $3,200
  • Rent includes electricity, gas, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 7/19/23
  • Tax Lot 1
  • Tax Tract Number 23384
  • Assessor Parcel Number 5734019028

Community Details

Overview

  • Property has a Home Owners Association
  • Front Yard Maintenance
  • 32 Units

Amenities

  • Laundry Facilities

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,294

Year Built

Built in 1972

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2023-07-19
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Security: 3200
  • Furnished: Unfurnished
  • Total Move In Costs: 6500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: Yes
  • Zoning: PSR3
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5734019028
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1208.00 Square Feet
  • Stories: 1
  • Entry Location: Ground floor
  • Common Walls: 1 Common Wall
  • Flooring: Bamboo, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2.81
  • Room Type: All Bedrooms Down
  • Bathroom Features: Shower In Tub

Exterior Features

  • View: Pool, Trees/Woods
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Front Yard
  • Senior Community: No
  • Community Features: Gutters, Urban

Schools

  • School District: Pasadena Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 25749.00
  • Lot Size Acres: 0.5911

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 25749.0000 Square Feet
  • Number Of Units In Community: 32
  • Number Of Units Total: 1
  • Rent Includes: Electricity, Gas, Trash Collection, Water

Tax Info

  • Tax Census Tract: 4636.01
  • Tax Lot: 1
  • Tax Tract Number: 23384

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
May 26, 2023
Sold by
Sally N Ross Family Trust
Bought by
Choi-Eber Family Trust
Seller's Agent
Cynthia Cohn
Berkshire Hathaway Home Servic
Buyer's Agent
Tracy Gai
IRN REALTY
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%
Views
256
Current Estimated Value
$781,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,151
Avg. Annual Appreciation
3.84%

Purchase Details

Closed on
Nov 10, 1997
Sold by
Ross Sally N
Bought by
Ross Sally N and Sally N Ross Family Trsut
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Choi-Eber Family Trust $715,000 Lawyers Title Company
Ross Sally N -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2023 07/27/23 Rented $3,400 +6.3% --
07/19/2023 07/19/23 For Rent $3,200 0.0% --
06/05/2023 06/05/23 Sold $715,000 +2.3% $592 / Sq Ft View Prior Sale
05/19/2023 05/19/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $699,000 -- $579 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,294 $743,885 $539,759 $204,126
2024 $8,294 $729,300 $529,176 $200,124
2023 $2,799 $232,276 $119,083 $113,193
2022 $2,703 $227,723 $116,749 $110,974
2021 $2,590 $223,259 $114,460 $108,799
2019 $2,494 $216,639 $111,066 $105,573
2018 $2,537 $212,392 $108,889 $103,503
2016 $2,434 $204,146 $104,661 $99,485
2015 $2,406 $201,080 $103,089 $97,991
2014 $2,361 $197,142 $101,070 $96,072
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23132529

California Regional Multiple Listing Service (CRMLS)

APN: 5734-019-028