Alhambra CA - Bean Tract Homes for Sale|Market Update - September 2014
This is a recap of Bean Tract homes for sale along with a sales update year-to-date 2014 with a comparison to full year 2013 for the popular North Alhambra neighborhood. Statistical information is from our local multiple listing service(mls) as of September 14, 2014. Please check with me for the latest and most up-to-date neighborhood information.
The boundaries of the Alhambra neighborhood are Huntington Drive(north), Granada Avenue(east), Alhambra Road(south) and Novelda Road(west). Located adjacent to the cities of San Marino and South Pasadena, this popular Alhambra neighborhood is comprised of single level and two story homes generally built in the 1940s and later.
Turnover of homes in the neighborhood has traditionally been low and long-term homeowners are quite common.
Shopping, dining, entertainment, recreation and culture are within easy access as is transportation via multiple freeways - San Bernardino(10), Long Beach(710) and Foothill(210).
It is an ideal home for those working in Downtown Los Angeles(ask me about a shortcut without using a freeway) or anyone working in the greater San Gabriel Valley. Tree-canopied streets give a rather Norman Rockwell-like appearance to the Bean Tract - in fact there are reports that Mr Rockwell previously lived in an adjacent Alhambra neighborhood.
There is currently just one Bean Tract home for sale. It is a circa 1946 single level home with approximately 1670 square feet with three bedrooms/two baths and pool. A den could make it a four bedroom home. It has not been on the market for sale for over 50 years according to the listing agent and is offered at $828,000.
So far in 2014, there have been six mls-reported transactions. The sales range from $810,000 to $980,000 with an average sales price of $884,687(median sales price $869,000). They have sold at 102.81% of last list price on average and for $462.45 per square foot(again, on average).
For full year 2013, there were six total mls-reported sales. The transactions ranged from $735,000 to $850,000 with an average sales price of $785,829(median $782,500).
They sold at an average 106.26% sales versus list price and for $457.70 per square foot.
The condition(original versus renovated versus re-muddled -- a remodel that may not work - a rather subjective term, I admit) have a significant influence on sales prices in the Bean Tract. In order to determine an appropriate listing price or to arrive at a fair offer price for a home, let’s discuss your needs in Alhambra or anywhere in the San Gabriel Valley or adjacent Northeast Los Angeles(NELA) foothill communities. I can be reached at 818.516.4393 cell.
Alhambra CA - Bean Tract Homes for Sale|Market Update - September 2014
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