Special offer

Pasadena CA Regency Del Mar at 601 East Del Mar Blvd For Sale 3.26.15

By
Industry Observer CalDRE #01165532

Pasadena CA Regency Del Mar

at 601 East Del Mar Blvd For Sale

3.26.15

 

Regency Del Mar - Condos at 601 East Del Mar BoulevardThis is a market update for the Regency Del Mar condominium complex.  Located at 601 East Del Mar Boulevard(northeast corner of Madison Avenue), the five story building has an impressive mid-century modern presence in this vibrant Pasadena neighborhood.

 

Built in 1966 the complex was converted from apartments to condos.   There are 40 single level floor plans ranging in size from studio units to three bedrooms with approximate square footages from under 500 to over 1600.  

 

Expansive and dramatic floor-to-ceiling windows and sliding glass doors enhance the cool modern vibe of the building.  There is a recently renovated lobby area with elevator service to all floors.  Parking is on the ground floor level in a secured garage area.  While some have installed their own washer-dryer units, there are community laundry areas located on each floor for residents.

 

As previously mentioned, the location is a popular one with easy access to abundant shopping, dining, entertainment, culture and higher education.  The www.walkscore.com is 79.  Transportation is convenient via multiple freeways and a Gold Line light rail station at Lake Avenue.  

 

Pasadena Condos at 601 East Del Mar BoulevardThere is currently one Regency Del Mar condo on the market for sale.  It is a newly listed two bedroom/two bath floor plan on the fourth floor with mountain views and approximately 1405 square feet priced at $459,000.  

 

I’m not a psychic but when I saw this unit hit the market last week, I predicted it will be in escrow very soon.   There have been no sales reported so far in 2015 according to our local multiple listing service(mls).  For full year 2014, there were three mls-reported closed transactions ranging from $398,000 to $525,000 with an average sales price of $457,000(median sales price $448,000).  They sold at 96.14% of last list price and for $339.88 per square foot on average.

 

For full year 2013, there were four closed sales ranging from $166,000 to $375,000 with an average sales price of $320,250(median $370,000).  They sold at 102.57% of last list price and for $357.19 per square foot.

 

As always, when reviewing numbers and statistics, it is best to look beyond what has been presented. The analysis I will share with you will best identify a potential offer price for buyers or to arrive at the most ideal listing price to attract the greatest attention and best offer(s) for potential sellers.  This is especially true in this complex where the range in sizes and the value of the individual features is important.   Let’s discuss what is important to you whether you are looking to buy or sell, I look forward to learning more about your Pasadena real estate needs.  I can be reached at 818.516.4393 talk | text for the latest and most up-to-date information.

 

Published: March 26, 2015

 

Pasadena CA Regency Del Mar

at 601 East Del Mar Blvd For Sale

3.26.15

Posted by

Michael Jacobs

 

CalBRE # 01165532

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

Comments (17)

Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Michael...the Pasadena, CA Regency Del Mar sounds like a place love to call home. With low turnover, these condos must be very popular. 

Mar 26, 2015 07:59 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - There's still time for a very savvy buyer to enlist your assistance in writing the successful offer on that rare available condo at Regency Del Mar.

Mar 26, 2015 08:26 AM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for your update for the Regency Del Mar condominium complex.

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Mar 26, 2015 08:40 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

Thanks for sharing the detailed information for the condo's at Regency del Mar in Pasadena California.

Good luck and success.

Lou Ludwig

 

Mar 26, 2015 08:48 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Michael, This looks like a good deal to me to get that many sq. ft. at that price in such a good location. Am I right?

Mar 26, 2015 10:21 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Michael, You Pasadena real estate market is similar to my market. The condos at the lower end a few and the demand is high.  Another great market report. 

Mar 26, 2015 11:07 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

What a nice property in the Regency Del Mar at 601 East Del Mar Blvd Michael. Your documentation is excellent.

Mar 26, 2015 12:57 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

The Regency Del Mar is a grand looking building, and the walk score is impressive.  Thanks for this excellent bird's eye view of the Regency.  A

Mar 26, 2015 01:25 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael Jacobs - Good information for condo buyers that are looking for a place to live that is easy to get to, and affordable!

Mar 26, 2015 02:34 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For condos built in 1966, these Regency Del Mar condominiums look to be much newer in their style.  Thanks for the information and the report, Michael.

Mar 26, 2015 09:13 PM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Must be a great place to live with such low turnover.....Regency Del Mar must be the right ticket.

Mar 26, 2015 09:56 PM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, what a great location and pretty building. I can see why turnover is so low in Regency Del Mar, I wouldn't want to leave either. It's a great time for anyone considering listing their condo for sale and you are the agent they need to contact for the best representation.

Mar 26, 2015 10:50 PM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

The glass must let in a lot of natural light - something that is very important to me. I hope you get a call today from a lucky buyer - if not, they are going to lose an opportunity to buy this lovely condo at the Regency Del Mar. 

Mar 27, 2015 03:59 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Pertinent localized content on Pasadena, CA, Michael Jacobs at (626) 685-5246.

Mar 27, 2015 03:59 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I like how you have marketed this property, very well done my friend!  I hope it sells quickly for you!

Mar 27, 2015 04:13 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, entrance to Regency Del Mar reminds me of the the building I lived in NYC..miss those days. With only one active listing, interested buyers must act fast, first a phone call must be place to one of the best Realtors in Pasadena CA Michael Jacobs. Another great market report!

Mar 27, 2015 05:34 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, this building has a great look, love the balconies, and sounds like a wonderful location.

May 22, 2022 06:13 AM