NOT LISTED FOR SALE

581 N Summit Ave Pasadena, CA 91103

Northwest Pasadena Neighborhood

Estimated Value: $1,290,000 - $1,441,656

3 Beds
1 Bath
2,537 Sq Ft
$530/Sq Ft Est. Value

Last Sold October 06, 2016

Last sale price $649,000 $256 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $7,788/month

12 Days on Market

About This Home

As of October 2016

Fantastic opportunity for an investor, developer, or owner-occupant. Large lot with zoned PSR1 with over 12,000 square feet. Two units on the property. The house is in great shape and has been rented for several years. Parts of the property can use TLC. This is a minor/major fixer depending on your needs. Great investment opportunity.

Last Agent to Sell the Property

Tom Safa

Safa Real Estate License #01881300 Listed on: 08/15/2016

Last Buyer's Agent

Jim Rock

Podley Properties License #01057765

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1917

Lot Details

  • 0.28 Acre Lot
  • Property is zoned PSR1

Parking

  • 3 Car Garage

Home Design

  • 2,537 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 461901
  • Assessor Parcel Number 5725008019

Home Details

Home Type

Single Family

Year Built

Built in 1917

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: PSR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5725008019
  • Year Built: 1917
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2537.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: Two
  • Price Per Square Foot: 255.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12155.00
  • Price Per Lot Square Foot: 53.39

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 461901

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2020
Sold by
Ly Liem Derryk and Derryk Ly Family Trust
Bought by
581 Summit Llc
Current Estimated Value
$1,345,664

Purchase Details

Closed on
Jun 4, 2018
Sold by
Ly Liem Derryk and Ly Lien
Bought by
Ly Liem Derry and Derryk Ly Family Trust

Purchase Details

Listed on
Aug 15, 2016
Closed on
Sep 17, 2016
Sold by
Safa Ali and Safa Sima
Bought by
Ly Liem
Seller's Agent
Tom Safa
Safa Real Estate
Buyer's Agent
Jim Rock
Podley Properties
List Price
$649,000
Sold Price
$649,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%

Purchase Details

Closed on
Aug 21, 2006
Sold by
Foss Dr Robert and Foss Donna
Bought by
Safa Ali and Safa Sima

Purchase Details

Closed on
Sep 28, 2005
Sold by
Jones David P
Bought by
Foss Dr Robert and Foss Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2005
Sold by
Jones Jeffrey A and Will Of David P Jones
Bought by
Jones David P

Purchase Details

Closed on
Mar 21, 2000
Sold by
Jones Jeffrey A
Bought by
Jones Jeffrey Allen and Jones Julienne Anne

Purchase Details

Closed on
Jun 17, 1998
Sold by
Jones Myrtle
Bought by
Diaz Granados Michelle and Blue Michelle M

Purchase Details

Closed on
Jun 9, 1997
Sold by
Jones Myrtle
Bought by
Diaz Granados Michelle M and Blue Michelle M

Purchase Details

Closed on
Sep 13, 1996
Sold by
Jones Myrtle
Bought by
Diaz Granados Michelle M and Blue Michelle M

Purchase Details

Closed on
Aug 14, 1996
Sold by
Jones Myrtle
Bought by
Jones Jeffrey A

Purchase Details

Closed on
Aug 12, 1996
Sold by
Jones Myrtle Tr Myrtle Jones Trust
Bought by
Jones Myrtle T
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
581 Summit Llc -- None Available
Ly Liem Derry -- None Available
Ly Liem $649,000 Fatcola
Safa Ali -- Accommodation
Foss Dr Robert $570,000 Lawyers Title
Jones David P -- --
Jones David P $224,500 --
Jones Jeffrey Allen -- --
Diaz Granados Michelle -- --
Jones Jeffrey A -- --
Jones Donald R -- --
Diaz Granados Michelle M -- --
Jones Jeffrey A -- --
Jones Donald K -- --
Diaz Granados Michelle M -- --
Jones Jeffrey A -- --
Jones Donald K -- --
Jones Myrtle T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foss Dr Robert $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2016 10/06/16 Sold $649,000 0.0% $256 / Sq Ft
08/27/2016 08/27/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $649,000 -- $256 / 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 $8,858 $759,246 $580,292 $178,954
2024 $8,858 $744,360 $568,914 $175,446
2023 $8,783 $729,765 $557,759 $172,006
2022 $8,484 $715,457 $546,823 $168,634
2021 $8,136 $701,429 $536,101 $165,328
2020 $7,818 $694,477 $530,604 $163,873
2019 $7,838 $680,865 $520,200 $160,665
2018 $7,924 $667,520 $510,000 $157,520
2016 $9,345 $792,237 $571,543 $220,694
2015 $9,243 $780,337 $562,958 $217,379
2014 $6,984 $580,000 $380,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tom Safa

    Safa Real Estate

    (626) 486-9135

    26 Total Sales

    Tom Safa
    Section Image

  • J

    Buyer's Agent in 2016

    Jim Rock

    Podley Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16179776

California Regional Multiple Listing Service (CRMLS)

APN: 5725-008-019

California Los Angeles County Pasadena 91103 Northwest Pasadena

581 N Summit Ave, Pasadena, CA

Not Listed for Sale

Detached

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