Granada Court Condos in Pasadena
700 East Union Street
This is a real estate market activity report for the Granada Court condominium complex in Pasadena 91101. In this report I will share 
information regarding properties for sale, in escrow and sold so far in 2017 with a comparison to full year sales for the previous four years. The statistical data in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the complex.
Granada Court is located at 700 East Union Street at the southwest corner of Oak Knoll Avenue just north of the Pasadena Playhouse and Colorado Boulevard where the annual Tournament of Roses parade passes each January.
The 31 unit complex was built in 2005 and 2006. Designed by architects and urbanists Moule and Polyzoides in the Spanish Revival architectural style reminiscent of architect Wallace Neff.
I find the units at Granada Court to be quite interesting. It’s definitely not cookie cutter with many different floor plans represented ranging in size from one bedroom/one bath with approximately 929 square feet to three bedrooms/four baths and approximately 2352 square feet. The dramatic one 
and two story floor plans feature hardwood floors, distinctive fireplaces, outdoor areas, high ceilings, abundant windows, French doors and more.
The common areas and exterior may remind you of Old California with intimate courtyard areas, extensive use of tile and wrought iron, water features and beautiful landscaping. An interesting feature is a community library/meeting room with fireplace, books and artwork. Parking is in a subterranean garage with individual storage units.
There is currently one unit available in the complex. Newly listed, the two level floor plan has three bedrooms, three-and-one-half baths and approximately 1991 square feet. It is available at $1,025,000. There are currently no condos in escrow. So far in 2017, there has been one mls-reported sale. Closing in January, it was a two bedroom/ two-and-one-half bath two level floor plan with approximately 1570 square feet. It sold for $860,000(list price $885,000) in an all cash transaction.
During 2016, there were six sales according to mls statistics ranging from $615,000 to $910,000 with an average sales price of $767,500(median sales price $787,500). They sold at 98.54% of last list price and for $569.01 per square foot on average.
In 2015, there was just one closed transaction reported. With approximately 1575 square feet, the two bedroom, two-and-one half bath flat on the third floor sold for $889,000 in an all cash transaction.
2014 was another active year in the complex with six sales. The reported transactions ranged from $585,000 to $999,800 with an average price of $787,467(median $775,000). They sold at 98.19% of last list price and for an average price square foot of $553.02.
In 2013, there were two sales. One was a two bedroom floor plan with approximately 1296 square feet which closed for its list price of $715,000. The other was also a two bedroom but with approximately 1487 square feet which closed for $995,000.
The neighborhood is close to Pasadena favorite Vroman’s Books as well as Laemmle Playhouse 7 Theatres, Pasadena Playhouse and not far from South
Lake Avenue, Paseo Colorado, Civic Center and Old Pasadena. Shopping, 
dining, entertainment, culture and education opportunities are numerous and nearby. Additionally, transportation is convenient whether it be by freeway or light rail.
With such a variety of sizes and floor plans, a closer and more detailed look at Granada Court is suggested for prospective buyers as well as homeowners thinking of selling. If you are interested in knowing more about this or any particularly unique Pasadena real estate, let’s discuss what is important to you. I can be reached at 818.516.4393 cell.
Published: May 12, 2017
Granada Court Condos in Pasadena
700 East Union Street
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