NOT LISTED FOR SALE

550 Covington Place Pasadena, CA 91105

Lower Arroyo Neighborhood

Estimated Value: $3,211,000 - $4,006,000

5 Beds
3 Baths
2,890 Sq Ft
$1,250/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $1,925,000 $666 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $20,320/month

5 Days on Market

About This Home

As of February 2019

Don't miss this rare opportunity to live in stunning Pasadena! Large estate lot situated in the middle of a quiet cul-de-sac with mature landscaping and a private expansive back yard. Bedrooms are located on one half of the home, and on the other side of the house are living rooms, kitchen with breakfast area and bonus bedrooms. Step outside into a huge backyard perfect for entertaining, al fresco dining, or laps in the pool.

Last Agent to Sell the Property

Richard Schulman

Keller Williams-Santa Monica License #01427211 Listed on: 01/28/2019

Last Buyer's Agent

Michael Maloney

License #01216091

Home Details

Home Type

Single Family

Year Built

1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Style: Traditional
  • Building Type: Detached
  • Year Built: 1941
  • Price Per Sq Ft: 657.09
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Flooring: Hardwood
  • Fireplace Rooms: Bonus Room, Living Room
  • Bedrooms: 5
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Total Bathrooms: 3.00
  • Three Quarter Bathrooms: 1
  • Laundry: Room
  • Maids Room: 1
  • Living Area: 2890

Exterior Features

  • Pool: In Ground
  • Pool: Yes
  • Stories: 1
  • View: Pool, Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Details: Driveway, Garage - 2 Car, Garage Is Detached

Utilities

  • Cooling: Air Conditioning
  • Heating: Forced Air

Lot Info

  • Zoning: PSR4
  • Assessor Parcel Number: 5718-019-011
  • Lot Size Area: 17933

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2019
Closed on
Feb 11, 2019
Sold by
Zapata Jabdiel
Bought by
Zapata Jamie
Seller's Agent
Richard Schulman
Keller Williams-Santa Monica
Buyer's Agent
Michael Maloney
List Price
$1,899,000
Sold Price
$1,925,000
Premium/Discount to List
$26,000
1.37%
Current Estimated Value
$3,485,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,560,938
Avg. Annual Appreciation
9.58%
Original Mortgage
$1,300,000
Outstanding Balance
$1,140,602
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,472,651

Purchase Details

Listed on
Jan 28, 2019
Closed on
Feb 6, 2019
Sold by
Witter Mary and George And Mary Witter Family
Bought by
Evans Berne H and Jamie Evans Irrevocable Trust
Seller's Agent
Richard Schulman
Keller Williams-Santa Monica
Buyer's Agent
Michael Maloney
List Price
$1,899,000
Sold Price
$1,925,000
Premium/Discount to List
$26,000
1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Outstanding Balance
$1,140,602
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,472,651

Purchase Details

Closed on
Aug 11, 2017
Sold by
Witter Mary J
Bought by
Witter George G and Witter Mary J
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
Zapata Jamie -- Lawyers Title Co
Zapata Jabdiel -- Lawyers Title Co
Evans Berne H $1,925,000 Lawyers Title Co
Witter George G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Berne H $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2019 02/26/19 Sold $1,925,000 +1.4% $666 / Sq Ft
02/02/2019 02/02/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $1,899,000 -- $657 / Sq Ft
Source: California Desert 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 $25,102 $2,260,398 $1,717,897 $542,501
2024 $25,102 $2,216,077 $1,684,213 $531,864
2023 $24,697 $2,154,813 $1,651,190 $503,623
2022 $23,835 $2,112,563 $1,618,814 $493,749
2021 $22,853 $2,071,141 $1,587,073 $484,068
2019 $13,891 $669,097 $256,001 $413,096
2018 $7,738 $655,979 $250,982 $404,997
2016 $7,468 $630,508 $241,237 $389,271
2015 $7,385 $621,038 $237,614 $383,424
2014 $7,239 $608,874 $232,960 $375,914
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Richard Schulman

    Keller Williams-Santa Monica

  • M

    Buyer's Agent in 2019

    Michael Maloney

  • E

    Buyer Co-Listing Agent in 2019

    Erin Maloney

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 19-428004

California Desert Association of REALTORS®

APN: 5718-019-011

California Los Angeles County Pasadena 91105 Lower Arroyo

550 Covington Place, Pasadena, CA

Not Listed for Sale

Detached

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