NOT LISTED FOR SALE

894 N Summit Ave Pasadena, CA 91103

Orange Heights Neighborhood

Estimated Value: $667,000 - $856,502

3 Beds
1 Bath
1,236 Sq Ft
$597/Sq Ft Est. Value

Last Sold November 22, 2024

Last sale price $650,000 $526 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,923/month

18 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Living Room
  • Attic
  • Covered Patio or Porch
  • Chain Link Fence

About This Home

As of November 2024

Investor's Dream Opportunity in Pasadena!BACK ON MARKET! BUYER CANNOT PERFORM! Discover endless potential with this 3-bedroom, 1-bathroom home nestled in a prime Pasadena neighborhood. It features a spacious backyard along with a classic California basement and attic for extra storage or potential expansion space. Impacted by a fire in June 2021, this property presents a unique opportunity for a bold investor with vision! Due to the current condition, this home is uninhabitable, making it a serious fixer-upper or an ideal teardown to create something new.This is an all-cash sale only and sold strictly 'as is'--no repairs will be made by the seller. Please respect the uninhabitable condition and refrain from visiting the property directly. The city of Pasadena has designated this property as RM-12 (Multi-Family Residential, Two Units Per Lot), presenting an incredible opportunity to maximize its investment potential. Investors can build additional units to significantly enhance the property's value and rental income. For homebuyers, it allows for the addition of another home, providing the option to live in one unit while renting out the other, further optimizing financial returns. Buyer/Investor to conduct their own due diligence regarding measurements, permits, and city compliance to address and satisfy their inquiries. If you're ready to take on a major project and unlock its value, this property is calling for you! DEADLINE TO SUBMIT OFFERS: 11/8/24, FRIDAY AT 6:00 PM. Send offers under 1 PDF file with POF to amyponce888@gmail.com. Thanks!

Last Agent to Sell the Property

Amy Ponce

Coldwell Banker Realty License #01800793 Listed on: 10/25/2024

Coldwell Banker Realty

Last Buyer's Agent

Romel Soltanian

The Art In Real Estate License #01806757

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1904

Lot Details

  • 7,500 Sq Ft Lot
  • Chain Link Fence
  • No Sprinklers
  • Property is zoned RM-12

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Bungalow

Interior Spaces

  • 1,236 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Attic
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Covered Patio or Porch
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 5725012004

Home Details

Home Type

Single Family

Year Built

Built in 1904

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: RM-12
  • Architectural Style: Bungalow, Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5725012004
  • Year Built: 1904
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1236.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 525.89
  • Room Type: Attic, Kitchen, All Bedrooms Down, Living Room, Basement

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Chain Link
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7500.0000 Square Feet

Tax Info

  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2024
Closed on
Nov 14, 2024
Sold by
Tracy Orrin and Dyson Carol Ann
Bought by
Simon Bruce
Seller's Agent
Amy Ponce
Coldwell Banker Realty
Buyer's Agent
Romel Soltanian
The Art In Real Estate
List Price
$545,000
Sold Price
$650,000
Premium/Discount to List
$105,000
19.27%
Views
109
Current Estimated Value
$738,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,126
Avg. Annual Appreciation
12.25%
Original Mortgage
$455,000
Outstanding Balance
$450,638
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$287,488

Purchase Details

Closed on
Feb 13, 2024
Sold by
Tracy Orrin L
Bought by
Orrin L Tracy Trust and Tracy
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
Simon Bruce $650,000 Equity Title - Los Angeles
Simon Bruce $650,000 Equity Title - Los Angeles
Simon Bruce -- Equity Title - Los Angeles
Orrin L Tracy Trust -- None Listed On Document
Tracy Orrin L -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Bruce $455,000
Closed Simon Bruce $455,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $650,000 0.0% $526 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
11/11/2024 11/11/24 Off Market $650,000 -- --
10/25/2024 10/25/24 For Sale $545,000 -- $441 / 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 $676 $650,000 $600,000 $50,000
2024 $676 $15,929 $15,829 $100
2023 $590 $15,619 $15,519 $100
2022 $792 $35,054 $15,215 $19,839
2021 $762 $34,367 $14,917 $19,450
2019 $743 $33,350 $14,476 $18,874
2018 $656 $32,697 $14,193 $18,504
2016 $604 $31,430 $13,643 $17,787
2015 $595 $30,959 $13,439 $17,520
2014 $597 $30,353 $13,176 $17,177
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Amy Ponce

    Coldwell Banker Realty

    (323) 702-7888

    1 in this area

    12 Total Sales

    Amy Ponce
    Section Image

  • R

    Buyer's Agent in 2024

    Romel Soltanian

    The Art In Real Estate

    (818) 241-3000

    1 in this area

    21 Total Sales

    Romel Soltanian
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-19747

Pasadena-Foothills Association of REALTORS®

APN: 5725-012-004

California Los Angeles County Pasadena 91103 Orange Heights

894 N Summit Ave, Pasadena, CA

Not Listed for Sale

Detached

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