NOT LISTED FOR SALE

741 S Madison Ave Pasadena, CA 91106

Madison Heights Neighborhood

Estimated Value: $2,867,000 - $3,850,000

5 Beds
3.5 Baths
4,194 Sq Ft
$847/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $1,800,000 $429 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $21,386/month

82 Days on Market

Highlights

  • Wood Flooring
  • Lawn
  • Front Porch
  • Blair High School Rated A-
  • No HOA
  • Eat-In Kitchen

About This Home

As of May 2019

This Arts and Crafts style home was designed by Frederick L. Roehrig and constructed in 1904. It is an amazing opportunity to revive a substantial family home located in prime Madison Heights. Located in the center of the South Madison Landmark District, yet bearing no historical designation, this home includes a wonderful covered porch, a dramatic 2-story entry hall with a built-in inglenook, maple flooring, large public rooms, an eat-in kitchen overlooking the grassy backyard and a downstairs master suite. Upstairs are 4 additional bedrooms, 2 baths and a south facing sunroom. The 13,005 square (assessor) foot flat lot leaves plenty of room for a pool, or potential rear expansion. The detached garage includes a chauffeur's bath.

Last Agent to Sell the Property

Peter Martocchio

Coldwell Banker Realty License #01311046 Listed on: 02/07/2019

Coldwell Banker Realty

Co-Listed By

David Goldberg

Coldwell Banker Realty License #01457415

Last Buyer's Agent

Diana Brown

Keller Williams Realty License #01735257

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,314

Year Built

  • Built in 1904

Lot Details

  • 0.3 Acre Lot
  • East Facing Home
  • Fenced
  • Paved or Partially Paved Lot
  • Lawn
  • Back and Front Yard
  • Property is zoned PSR6

Parking

  • 1 Car Garage

Home Design

  • Fixer Upper
  • Raised Foundation

Interior Spaces

  • 4,194 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Decorative Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Patio
  • Front Porch

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5721008004

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,314

Year Built

Built in 1904

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Zoning: PSR6
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5721008004
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4194.00
  • Interior Amenities: Built-in Features
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Eating Area: In Kitchen
  • Fireplace Features: Decorative, Living Room
  • Levels: Two
  • Price Per Square Foot: 429.18

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Raised
  • Fence: Yes
  • Patio And Porch Features: Brick, Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Paved, Lawn, Front Yard
  • Lot Size Sq Ft: 13005.00
  • Lot Size Acres: 0.2986

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13005.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2021
Sold by
Kelly Luke A and Solanki Jyoti
Bought by
Solanki Kelly Family Trust
Current Estimated Value
$3,553,129

Purchase Details

Listed on
Feb 7, 2019
Closed on
Apr 22, 2019
Sold by
The Clayton T Mills Decedents Trust
Bought by
Solanki Kelly Luke A and Solanki Kelly Jyoti
Seller's Agent
Peter Martocchio
Coldwell Banker Realty
Buyer's Agent
Diana Brown
Keller Williams Realty
List Price
$1,898,000
Sold Price
$1,800,000
Premium/Discount to List
-$98,000
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$1,350,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 1, 2016
Sold by
Mills Beverley Jeanne
Bought by
Mills Beverley Jeanne and Mills Eric R

Purchase Details

Closed on
Jul 10, 2013
Sold by
Mills Clayton Thomas
Bought by
Mills Clayton Thomas and Mills Beverley Jeanne

Purchase Details

Closed on
Jun 4, 1997
Sold by
Mills Clayton T
Bought by
Mills Clayton Thomas and Mills Beverley Jeanne
Source: Public Records

Range of Values:

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Average Value
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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
Solanki Kelly Family Trust -- Anderson Yazdi Hwang Minton Ho
Solanki Kelly Luke A $1,800,000 Lawyers Title
Mills Beverley Jeanne -- None Available
Mills Beverley Jeanne -- None Available
Mills Clayton Thomas -- None Available
Mills Clayton Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Luke A $1,319,000
Previous Owner Kelly Luke A $1,309,500
Previous Owner Solanki Kelly Luke A $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $1,800,000 -5.2% $429 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $1,898,000 -- $453 / 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 $24,314 $2,191,943 $1,405,551 $786,392
2024 $24,314 $2,148,965 $1,377,992 $770,973
2023 $24,113 $2,106,829 $1,350,973 $755,856
2022 $23,272 $2,065,520 $1,324,484 $741,036
2021 $22,311 $2,025,020 $1,298,514 $726,506
2020 $19,709 $1,836,000 $1,285,200 $550,800
2019 $19,767 $1,800,000 $1,250,000 $550,000
2018 $2,024 $132,468 $91,555 $40,913
2016 $1,885 $127,325 $88,000 $39,325
2015 $1,864 $125,414 $86,679 $38,735
2014 $1,845 $122,959 $84,982 $37,977
Source: Public Records

Agents Affiliated with this Home

  • Peter Martocchio

    Seller's Agent in 2019

    Peter Martocchio

    Coldwell Banker Realty

    (626) 229-0909

    2 in this area

    62 Total Sales

    Peter Martocchio
    Section Image

  • D

    Seller Co-Listing Agent in 2019

    David Goldberg

    Coldwell Banker Realty

    (626) 644-6011

    1 in this area

    36 Total Sales

    David Goldberg
    Section Image

  • D

    Buyer's Agent in 2019

    Diana Brown

    Keller Williams Realty

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-819000586

Pasadena-Foothills Association of REALTORS®

APN: 5721-008-004

California Los Angeles County Pasadena 91106 Madison Heights

741 S Madison Ave, Pasadena, CA

This home is located at 741 S Madison Ave, Pasadena, CA 91106 since 07 February 2019 and is currently estimated at $3,553,129, approximately $847 per square foot. This property was built in 1904. 741 S Madison Ave is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and The Waverly School.

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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