NOT LISTED FOR SALE

507 N Michigan Ave Pasadena, CA 91106

Northwest Pasadena Neighborhood

Estimated Value: $1,111,000 - $1,311,000

3 Beds
2 Baths
1,350 Sq Ft
$931/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $700,000 $519 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $7,608/month

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • Fireplace
  • Pasadena High School Rated A
  • Wood Flooring
  • Walk-In Closet

About This Home

As of March 2024

Newly updated Bungalow style front house in prime Pasadena location. Situated on a tree-lined street in a quiet neighborhood, adjacent to Bungalow Heaven, this 3bed, 2bath house has new hardwood floors throughout, fresh paint, is bright and airy. The primary bedroom has a full ensuite bathroom and walk-in closet. The huge living room has a decorative fireplace wall, built-in cabinets, and a separate formal dining room. The light-filled kitchen has plenty of storage with newer wood cabinets, new stainless steel stove, range hood and refrigerator with large windows. Off the kitchen is a private fenced backyard to enjoy year-round dining and entertaining. There are two additional spacious bedrooms with large closets, and a full bathroom in the hallway. Additional features include, new HVAC system, washer & dryer included and two tandem off-street parking spots, behind the house. Close to Gold Line Metro station, short distance to PCC, Cal Tech, Old Town, Rose Bowl, shopping, restaurants, yoga studios, parks, hiking trails, downtown LA and all major freeways.

Last Agent to Rent the Property

Sylvia Horlacher

Berkshire Hathaway Home Servic Brokerage Email: sylviahorlacher@bhhscal.com License #02013523 Listed on: 02/01/2024

Berkshire Hathaway Home Servic

Last Renter's Agent

Sylvia Horlacher

Berkshire Hathaway Home Servic Brokerage Email: sylviahorlacher@bhhscal.com License #02013523 Listed on: 02/01/2024

Berkshire Hathaway Home Servic

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,129

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 7,486 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wood Fence
  • No Sprinklers

Home Design

  • Duplex
  • Bungalow
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • French Doors
  • Living Room
  • Dining Room

Kitchen

  • Updated Kitchen
  • Free-Standing Range
  • Range Hood

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Assigned Parking

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $4,000
  • Rent includes gardener, water, sewer
  • Available 2/18/24
  • Tax Lot 27
  • Tax Tract Number 462
  • Assessor Parcel Number 5739005003

Community Details

Overview

  • 2 Units

Recreation

  • Park
  • Dog Park
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $500
  • Dogs and Cats Allowed
  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,129

Year Built

Built in 1922 | Remodeled

Lot Details

0

Rental Info

  • Additional Rent For Pets: Yes
  • Cashiers Check: 1ST Month Rent, Security Deposit, Pet Deposit
  • Available Date: 2024-02-18
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 4000
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Yes, Dogs OK, Size Limit, Cats OK, Number Limit
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Inclusions: Stainless Steel Stove, refrigerator, washer and dryer
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 5739005003
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1350.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Unfurnished, Copper Plumbing Full
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Eating Area: Dining Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2.67
  • Room Type: Living Room, Primary Suite, Primary Bathroom, Kitchen, Walk-In Closet
  • Bathroom Features: Shower In Tub, Bathtub
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Tandem Uncovered
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Free-Standing Range, Range Hood
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Outside, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Street Lights, Park, Dog Park, Curbs

Lot Info

  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7486.00
  • Lot Size Acres: 0.1719

Multi Family

  • Insurance Water Furniture: No
  • Lot Size Area: 7486.0000 Square Feet
  • Number Of Units In Community: 2
  • Rent Includes: Gardener, Water, Sewer

Tax Info

  • Tax Lot: 27
  • Tax Tract Number: 462...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2017
Closed on
Sep 19, 2017
Sold by
Soares James R and Soares Dorothy H
Bought by
Cheng Francisco and Cai Jin
Seller's Agent
Sylvia Horlacher
Berkshire Hathaway Home Servic
Buyer's Agent
Sylvia Horlacher
Berkshire Hathaway HomeServices California Properties
List Price
$700,000
Sold Price
$700,000
Current Estimated Value
$1,256,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,678
Avg. Annual Appreciation
7.79%
Original Mortgage
$525,000
Interest Rate
3.78%
Mortgage Type
New Conventional
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
Cheng Francisco $700,000 Fidelity Sherman Oaks
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Francisco $700,000
Closed Cheng Francisco $525,000
Previous Owner Soares James R $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Rented $3,600 0.0% --
03/17/2024 03/17/24 Price Changed $3,600 -2.7% $3 / Sq Ft
03/07/2024 03/07/24 Price Changed $3,700 -2.5% $3 / Sq Ft
03/04/2024 03/04/24 Price Changed $3,795 -2.7% $3 / Sq Ft
02/25/2024 02/25/24 Price Changed $3,900 -4.9% $3 / Sq Ft
01/31/2024 01/31/24 For Rent $4,100 0.0% --
11/03/2017 11/03/17 Sold $700,000 0.0% $415 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
11/03/2017 11/03/17 For Sale $700,000 -- $415 / 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 $9,129 $796,474 $477,885 $318,589
2024 $9,129 $780,858 $468,515 $312,343
2023 $9,051 $765,548 $459,329 $306,219
2022 $8,741 $750,538 $450,323 $300,215
2021 $8,386 $735,823 $441,494 $294,329
2020 $8,054 $728,280 $436,968 $291,312
2019 $8,075 $714,000 $428,400 $285,600
2018 $8,186 $700,000 $420,000 $280,000
2016 $2,154 $157,388 $78,694 $78,694
2015 $2,130 $155,024 $77,512 $77,512
2014 $2,104 $151,988 $75,994 $75,994
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2024

    Sylvia Horlacher

    Berkshire Hathaway Home Servic

    (626) 298-9282

    21 Total Sales

    Section Image
See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-16391

Pasadena-Foothills Association of REALTORS®

APN: 5739-005-003

California Los Angeles County Pasadena 91106 Northwest Pasadena

507 N Michigan Ave, Pasadena, CA

This home is located at 507 N Michigan Ave, Pasadena, CA 91106 since 01 February 2024 and is currently priced at $1,256,678. This property was built in 1922. 507 N Michigan Ave is a home located in Los Angeles County with nearby schools including Charles W. Eliot Arts Magnet Academy, Pasadena High School, and International School of Los Angeles-Pasadena.

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.

Nearby Homes