Pasadena Quattro Blú Condos

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://activerain.com/droplet/4XBT

Pasadena Quattro Blú Condos  

 


This is a real estate market activity report for the Quattro Blú
condominium complex located in Pasadena 91101. In this report Quattro Blu Condos In Pasadena 91101I will share information for sales so far in 2016 with a recap of the previous four full years.  Statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the complex.

 

Located at 128 North Oak Knoll at the northeast corner of Union Street in the Pasadena Playhouse District, the complex is just north of Colorado Boulevard and the Tournament of Roses Parade route each January.   The multi-story building was constructed in 2004 by Pacer Communities. There are 53 units consisting of both one and two level floor plans ranging in size from two bedrooms/two baths to three bedrooms/three baths and over 1600 square feet.   

 

128 North Oak Knoll Avenue Pasadena 91101The residences feature fireplaces, in-unit laundry connections, patio/balcony areas and abundant storage.   There are two levels of underground parking with two spaces per unit plus an individual storage unit.   The professionally managed complex features courtyards, two elevators and a fitness center.   

 

128 North Oak Knoll Avenue Pasadena 91101In addition to its location within the Pasadena Playhouse District, Quattro Blú is convenient to South Lake Avenue, Paseo Colorado, Pasadena Civic Center and Old Pasadena.   The variety of shopping, dining, entertainment, higher education and culture is quite extensive.  You’ll definitely feel as if you are at the center of it all here.

 
  • There are currently no condos available at Quattro Blú.   So far in 2016, there five mls-reported closed sales ranging from $677,000 to $770,000 with average sales price of $734,000(median sales price $730,000).  Four sold in excess of their last list price for an average 101.80% and for $490.91 per square foot so far this year.

 
  • In 2015, there were six closed transactions reported ranging from $590,000 to $747,000 with an average sales price of $681,292(median sales price $715,000).  They sold at 99.53% of last list price and for $478.56 per square foot on average.

 
  • There were also six sales in 2014.  They ranged in sales price from $570,000 to $715,000 with an average price of $642,667(median $649,000).    Four of six sold at or in excess of list price for an average 100.05%.  The average price per square foot was $472.04.

 
  • For full year 2013, there were four transactions ranging in closed prices from $525,000 to $630,000 with an average sales price 0f $563,500 (median $549,500).   The average price per square foot was $449.48 and the average sales price was 97.43% of last list price.

 
  • In 2012, there were three sales ranging from $515,000 to $555,000 with an average price of $529,333 (median $518,000).  They sold at 98.15% of last list price and for an average price per square foot of $367.07.

 

Pasadena Playhouse

 
 
 
Vroman's in Pasadena
 

As always when looking at numbers, there is more to know than a report as brief as this can possibly reveal.  Location within the complex, condition, updates and additional amenities can have an impact on appeal and price.  Of course, seller and/or buyer motivation can be a factor too.

 

If you would like to know more about Quattro Blú or any Pasadena real estate whether you are a prospective buyer or a property owner thinking of selling contact me at 818.516.4393 cell.  Let’s discuss what is important to you.

 

Published:  November 22, 2016

 

Pasadena Quattro Blú Condos

 

 

 

 

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Rainmaker
4,050,557
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Michael.  Interesting name, Quattro Blú.  Is there a meaning behind this?

Nov 21, 2016 08:12 PM #1
Rainmaker
3,822,281
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in your market area will appreciate this information.

Nov 21, 2016 08:49 PM #2
Rainmaker
2,642,842
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Mmm..popular place with a sophisticated name that lots of people want for their new address with over askng offers....!

Nov 21, 2016 08:59 PM #3
Rainmaker
3,291,501
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Michael Jacobs ,

No active listings and only 5 closed this year with a 101.80% list to sell ratio in the Quattro Blú.....pretty impressive!!

Nov 21, 2016 09:45 PM #4
Rainmaker
2,477,439
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Michael. Quattro Blu sounds good to me! Enjoy your day!

Nov 21, 2016 09:47 PM #5
Rainmaker
1,812,407
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The name alone would draw me to take a look at what is available for sale at Quattro Blu Condos!

Nov 21, 2016 10:21 PM #6
Rainmaker
1,258,833
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, I love the name of the community, Quattro Blu sounds so sheik. With no active listings and only 5 sales this year anyone considering selling should contact you. You know the community and will achieve them a successful sale.

Nov 21, 2016 10:44 PM #7
Rainmaker
1,266,543
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Great report Michael. This looks like a truly beautiful complex. I can see why the prices are what they are!

Nov 21, 2016 11:03 PM #8
Rainmaker
3,539,209
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Michael,

Given the great location of Quatro Blù I am not surprised that there are no available units.  However, should someone decide to sell, I would advise them to hire you.  A

Nov 22, 2016 12:14 AM #9
Rainmaker
1,929,581
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

The Quattro Blú condos are newer than some of the others you've mentioned lately. Do people make a big distinction between condos that are built as condos and the others that are converted from apartments into condos? I would think so.

Also, have you considered doing a "hub" blog in which you post all the links, like a directory, to the condos in Pasadena? You could add each to that blog as you write more blogs about condos and give your readers a fabulous one-stop-read. In fact, I should probably do this myself about Sacramento condos, LOL.

Nov 22, 2016 12:29 AM #10
Rainmaker
2,452,927
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Michael, How often do people use fireplaces out there?  We arfe up in the mountains this week and have a fire going all the time but it is 35 out

 

Nov 22, 2016 12:55 AM #11
Rainmaker
2,785,714
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -- yes, newer built complexes are typically more desired to buyers than a apartment to condo conversion.  Pricing obviously comes into play here.

Will Hamm - some people do use their fireplaces in the Winter but I must tell you I have represented many sellers who have noted in their disclosures that the fireplace has never used during the time they have owned the property.  

Nov 22, 2016 01:03 AM #12
Ambassador
2,285,828
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

That community looks lovely but I don't see any Blu????  Fireplaces in California probably don't get much use.  Out here - it is snowing today so mine will probably be blazing later this evening.

Nov 22, 2016 03:45 AM #13
Ambassador
2,572,434
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Quattro Blú looks like a very attractive complex, and the numbers indicate that it's very popular as well. Interested buyers would benefit from your guidance in acquiring one of these units when they do come up for sale.

Nov 22, 2016 11:58 AM #14
Ambassador
3,156,396
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Michael- I love your market report on Quattro Blu.  The one thing your reports tell me is that interested buyers need to contact you so that they would be up to date on what's going on in this area. 

Nov 22, 2016 02:36 PM #15
Rainmaker
1,339,303
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, with a great location, appeal and a name, it's no surprise there are no available units at Quattro Blu. Another great market and neighborhood post.

Nov 22, 2016 03:42 PM #16
Rainmaker
2,785,714
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you very  much for your comments for this update on the Quattro Blu Pasadena condo complex.   

Nov 23, 2016 08:21 AM #17
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Rainmaker
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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