NOT LISTED FOR SALE

501 S Marengo Ave Pasadena, CA 91101

Madison Heights Neighborhood

Estimated Value: $1,819,000 - $2,307,070

3 Beds
2 Baths
1,465 Sq Ft
$1,374/Sq Ft Est. Value

Highlights

  • Updated Kitchen
  • Deck
  • Quartz Countertops
  • Craftsman Architecture
  • Wood Flooring
  • Lawn

About This Home

As of September 2024

This beautiful Craftsman built 1913 is located in a Historic landmark district of Pasadena. Ideal live/work opportunity. The property has been divided into two units. The back unit for lease is three bedrooms two baths with family room and dining room / office, remodeled kitchen with Quartz counters, newer cabinets, newer dishwasher and laundry hook ups. All bedrooms are upstairs with large family room and one three-quarter bath room. Downstairs offers dining / office and one three-quarter bath room, spacious updated kitchen with laundry hook ups. The property has a large deck area for outside dining and entertaining. The electrical & plumbing systems have been updated and all rooms have dimmers light systems. The property is located two half blocks from the Goldline, short distance to shopping Whole Foods, Trader Joe's and great restaurants ie. Parkway Grill, Arroyo Chophouse and Houstons. RentSpree :

Last Agent to Rent the Property

Richard Langstaff

COMPASS License #01057700 Listed on: 08/23/2024

COMPASS

Last Renter's Agent

Richard Langstaff

COMPASS License #01057700 Listed on: 08/23/2024

COMPASS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1913 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • East Facing Home
  • Wood Fence
  • Lot Sloped Down
  • Front Yard Sprinklers
  • Lawn

Home Design

  • Craftsman Architecture
  • Bungalow
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,465 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Wood Frame Window

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Range
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Uncovered Parking

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Source of electricity is unknown
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Greenbelt

Listing and Financial Details

  • Security Deposit $3,500
  • Rent includes gardener, trash collection, sewer
  • 12-Month Minimum Lease Term
  • Available 8/24/24
  • Tax Lot 5,6
  • Assessor Parcel Number 5722016007

Home Details

Home Type

Single Family

Year Built

Built in 1913 | Remodeled

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-08-24
  • Credit Check Paid By: Tenant
  • Deposit Key: 50
  • Deposit Security: 3500
  • Furnished: Unfurnished
  • Total Move In Costs: 3550.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: refrigerator, gas range
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Architectural Style: Bungalow, Craftsman
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 5722016007
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1465.00 Square Feet
  • Interior Amenities: Unfurnished, Quartz Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area
  • Levels: Two
  • Price Per Square Foot: 2.39
  • Room Type: All Bedrooms Up
  • Window Features: Wood Frames
  • Bathroom Features: Exhaust Fan(s), Shower
  • Room Kitchen Features: Remodeled Kitchen, Quartz Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding, Drywall Walls, Shingle Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered

Utilities

  • Utilities: Cable Available, Water Connected, Underground Utilities, Sewer Connected, Natural Gas Connected, Electricity Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Electric: Electricity - Unknown
  • Heating Type: Central, Natural Gas, Forced Air, Fireplace(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Gutters

Lot Info

  • Lot Features: Lawn, Greenbelt, Sprinkler System, Sprinklers In Front, Sloped Down
  • Lot Size Sq Ft: 11230.00
  • Lot Size Acres: 0.2578

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 11230.0000 Square Feet
  • Rent Includes: Gardener, Trash Collection, Sewer

Tax Info

  • Tax Lot: 5,6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2014
Sold by
Lee Kelvin C
Bought by
The Kelvin C Lee Family Trust
Current Estimated Value
$2,012,268

Purchase Details

Closed on
Oct 29, 2010
Sold by
Emma Lee Insurance Agency Inc
Bought by
Lee Kelvin C and Lee Emma L

Purchase Details

Closed on
Mar 20, 2008
Sold by
Lee Kelvin C and Lee Emma L
Bought by
Emma Lee Insurance Agency Inc

Purchase Details

Closed on
Mar 2, 2007
Sold by
Mathews Young Sook and Young Sook Mathews Living Trus
Bought by
Lee Kelvin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$998,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2002
Sold by
Mathews Young Sook
Bought by
Mathews Young Sook and The Young Sook Mathews Living Trust
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
The Kelvin C Lee Family Trust -- None Available
Lee Kelvin C -- None Available
Emma Lee Insurance Agency Inc -- Accommodation
Lee Kelvin C $1,498,000 Chicago Title Co
Mathews Young Sook -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Kelvin C $998,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2024 09/15/24 Rented $3,700 +5.7% --
08/30/2024 08/30/24 Under Contract -- -- --
08/23/2024 08/23/24 For Rent $3,500 +9.4% --
01/09/2022 01/09/22 Rented $3,200 +6.7% --
12/11/2021 12/11/21 For Rent $3,000 -9.1% --
11/24/2021 11/24/21 Off Market $3,300 -- --
11/16/2021 11/16/21 Price Changed $3,300 -5.7% $2 / Sq Ft
11/02/2021 11/02/21 Price Changed $3,500 -7.9% $2 / Sq Ft
10/19/2021 10/19/21 For Rent $3,800 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $22,237 $2,007,041 $1,605,113 $401,928
2024 $22,237 $1,967,689 $1,573,641 $394,048
2023 $22,052 $1,929,108 $1,542,786 $386,322
2022 $21,283 $1,891,284 $1,512,536 $378,748
2021 $20,416 $1,854,201 $1,482,879 $371,322
2019 $19,895 $1,799,206 $1,438,897 $360,309
2018 $20,070 $1,763,929 $1,410,684 $353,245
2016 $19,707 $1,695,435 $1,355,906 $339,529
2015 $19,490 $1,669,969 $1,335,540 $334,429
2014 $19,065 $1,637,257 $1,309,379 $327,878
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2024

    Richard Langstaff

    COMPASS

    (626) 643-2065

    8 Total Sales

    Richard Langstaff
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-18993

Pasadena-Foothills Association of REALTORS®

APN: 5722-016-007

California Los Angeles County Pasadena 91101 Madison Heights

501 S Marengo Ave, Pasadena, CA

Not Listed for Sale

Detached

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