NOT LISTED FOR SALE

615 Palm View Place Pasadena, CA 91101

Madison Heights Neighborhood

Estimated Value: $616,000 - $1,344,142

2 Beds
2 Baths
1,506 Sq Ft
$704/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2013

Last sale price $669,200 $444 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,638 / mo

47 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Built-In Features
  • Landscaped
  • South Facing Home

About This Home

As of October 2013

Beautiful Spanish style duplex located on a quiet private drive at the border of the Madison Heights and Playhouse Districts. Features include beautifully remodeled kitchens with butcher block and granite counter tops, newer cabinetry, stainless steel sinks, central heat & air, hardwood floors and in unit laundry rooms for each unit. Living rooms have decorative fireplaces and built ins. Bedrooms have large walk in closets and ceiling fans. Bathrooms are updated with tile, glass shower doors and pedestal sinks. Each unit also has a large private patio in the rear. Within walking distance to the South Lake Avenue Shopping District, Old Pasadena and Paseo Colorado. Easy access to 210 and 110 freeways as well as the Goldline.

Last Agent to Sell the Property

Michael Dostalek

A1 West Commercial Real Estate License #01343641 Listed on: 07/08/2013

Last Buyer's Agent

Mike Dostalek

A1 West Commercial Real Estate License #01343641

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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,871

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 4,829 Sq Ft Lot
  • South Facing Home
  • Landscaped
  • Lawn
  • Back Yard

Home Design

  • Additions or Alterations

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Dishwasher
  • Laundry Room

Parking

  • Parking Available
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 5734017010

Community Details

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $452
  • Water Sewer Expense $780
  • Gross Income $39,576
  • Net Operating Income $29,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,871

Year Built

Built in 1925 | Remodeled

Lot Details

4,829 Sq Ft Lot

Listing Details

  • CapRate: 4.23
  • Water Sewer Expenses: 780.00
  • Property Condition: Updated/Remodeled, Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 5734017010
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features
  • Stories: 1
  • Appliances: Yes

Exterior Features

  • Direction Faces: South

Garage/Parking

  • Parking: Yes
  • Parking Features: Parking Space

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Land Lease: No
  • Lot Features: Lawn, Back Yard, Landscaped
  • Lot Size Sq Ft: 4829.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 750
  • Gross Income: 39576.00
  • Gross Multiplier: 18.36
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 452.00
  • Net Operating Income: 29090.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number With Patio: 2
  • Operating Expense: 9119.00
  • Operating Expense Percent: 22.00
  • Total Actual Rent: 40800.00

Tax Info

  • Tax Annual Amount: 7871.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2020
Sold by
Bought by
Current Estimated Value
$1,059,536

Purchase Details

Listed on
Jul 8, 2013
Closed on
Sep 3, 2013
Sold by
Bought by
Seller's Agent
Michael Dostalek
A1 West Commercial Real Estate
Buyer's Agent
Mike Dostalek
A1 West Commercial Real Estate
List Price
$669,200
Sold Price
$669,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.64%
Original Mortgage
$490,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 8, 2013
Closed on
Aug 26, 2013
Sold by
Bought by
Seller's Agent
Michael Dostalek
A1 West Commercial Real Estate
Buyer's Agent
Mike Dostalek
A1 West Commercial Real Estate
List Price
$669,200
Sold Price
$669,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madison Heights, CA

  • Mark Lear Real Estate Agent - WERE Real Estate Inc

    Mark Lear

    WERE Real Estate Inc

    (657) 223-8121

    353 Total Sales

    1 in Madison Heights

    $850,000 Price

    Mark Lear
     Section Image
  • Patricia Phillips Real Estate Agent - Keller Williams R. E. Services

    Patricia Phillips

    Keller Williams R. E. Services

    (747) 234-2021

    4 Total Sales

    1 in Madison Heights

    $765,000 Price

    Patricia Phillips
     Section Image
  • Mike Chou Real Estate Agent - K.W. EXECUTIVE

    Mike Chou

    K.W. EXECUTIVE

    (626) 653-4295

    172 Total Sales

    1 in Madison Heights

    $768,000 Price

    Mike Chou
     Section Image
  • Nicola Speranta Real Estate Agent - Compass

    Nicola Speranta

    Compass

    (323) 310-3215

    100 Total Sales

    3 in Madison Heights

    $502K - $925K Price Range

    Nicola Speranta
     Section Image
  • Alexander Varga Real Estate Agent - Norm Haley Real Estate

    Alexander Varga

    Norm Haley Real Estate

    (626) 788-8434

    30 Total Sales

    2 in Madison Heights

    $700,000 Price Range

    Alexander Varga
     Section Image
  • Hilda Hernandez Real Estate Agent - Berkshire Hathaway HomeServices

    Hilda Hernandez

    Berkshire Hathaway HomeServices

    (626) 699-8904

    93 Total Sales

    2 in Madison Heights

    $613K - $640K Price Range

    Hilda Hernandez
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$669,506 Chicago Title Company
-- Chicago Title Company
-- Accommodation
-- Lawyers Title La
-- Accommodation
-- Accommodation
$619,000 Chicago Title Company
-- None Available
$200,000 Southland Title
-- World Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $319,000
Closed $490,000
Previous Owner $392,000
Previous Owner $417,000
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/01/2013 10/01/13 Sold $669,200 0.0% $444 / Sq Ft
08/24/2013 08/24/13 Pending -- -- --
07/08/2013 07/08/13 For Sale $669,200 -- $444 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,763 $817,580 $492,792 $324,788
2024 $9,268 $801,550 $483,130 $318,420
2023 $9,190 $785,834 $473,657 $312,177
2022 $8,873 $770,426 $464,370 $306,056
2021 $8,511 $755,320 $455,265 $300,055
2020 $8,171 $747,576 $450,597 $296,979
2019 $8,192 $732,918 $441,762 $291,156
2018 $8,353 $718,548 $433,100 $285,448
2016 $8,087 $690,647 $416,283 $274,364
2015 $7,999 $680,274 $410,031 $270,243
2014 $7,836 $669,200 $402,000 $267,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Michael Dostalek

    A1 West Commercial Real Estate

  • Mike Dostalek Real Estate Agent - A1 West Commercial Real Estate

    Buyer's Agent in 2013

    Mike Dostalek

    A1 West Commercial Real Estate

    (626) 862-3903

    Mike Dostalek
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22177430

Pasadena-Foothills Association of REALTORS®

APN: 5734-017-010

California Los Angeles County Pasadena 91101 Madison Heights

615 Palm View Place, Pasadena, CA

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.

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