Pasadena Condos 211 South Wilson Avenue Somerset House

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://actvra.in/56qt

Somerset House Condos Pasadena 91106

211 South Wilson Avenue

 

This is a real estate market activity report for the Somerset House condos located at 211 South Wilson Avenue in the South Lake Avenue area neighborhood in Pasadena.  In this report I will share information regarding the complex, its location as well as real estate activity so far in 2017 and sales for the previous four 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.

 

Somerset House was built in 1965 and consists of 30 single level floor plans ranging in size from one bedroom/one bath to three bedrooms/three baths with approximate square footages from about 800 to nearly 1500.  The Somerset House Pasadena Condos 211 South Wilson Avenueprofessionally managed gated complex does not have any common area amenities.  Most units have either a patio or balcony area.  

 

The complex is gated and opens to a courtyard with elevator service to all floors.  Parking is subterranean and there are common laundry facilities(some units have added washer-dryer hook-ups, prospective buyers to verify).  The monthly homeowner association(HOA) fees are a bit higher than in comparable complexes but includes utilities (buyers to verify).  As you might expect, turnover of units in this Pasadena condo complex has traditionally been relatively low.  

 

The Somerset House location is just north of the campus of California Institute of Technology(Caltech), just west of Pasadena City College(PCC), south of Colorado Boulevard and the route of the annual Tournament of Roses parade plus a short stroll from abundant shopping, dining, entertainment and culture found in the South Lake Avenue and Playhouse District.   Transportation is convenient too with easy access to multiple freeways as well as the Lake Avenue Gold Line light rail station.   

 

  • There is currently one condo for sale at 211 South WIlson Avenue.  Newly listed, it is a one bedroom floor plan on the third level with with approximately 811 square feet.  In fairly original condition, it is priced at $369,000 --- a real opportunity to transform a condo in a popular location.  An updated first floor one bedroom unit with approximately 807 square feet with a large patio sold in May for $410,000(list price $399,000).

 

  • There were two mls-reported closed sales in 2016.  Each was a one bedroom floor plan.  A first floor unit in near-original condition with approximately 807 square feet closed for $328,000(list price $340,000) in an all-cash transaction in November.  In December a top floor unit with some updates sold for $340,000(list price $348,888).   

 

  • In 2015, there was just one closed transaction reported.  This was a renovated three bedroom/three bath units with approximately 1498 square feet which sold for its list price of $599,000 in April of that year.

 

  • Full year 2014 saw two closed sales according to mls statistics.  A one bedroom unit with 811 approximate square feet sold in November for $309,000(list price $299,000).   The same three bedroom condo that I mentioned selling in 2015 was a short sale and sold for $420,000(last list price $430,000) in November, 2014   

 

211 South Wilson Avenue Pasadena Somerset House Condos

 

If a convenient location is at the top of your Pasadena condo buying checklist, Somerset House may be the right choice for you.   Let’s discuss what is important to you either in this complex or anywhere in the Pasadena area.   I can be reached at 818.516.4393 cell.

 

Published:   August 10, 2017

 

Somerset House Condos Pasadena 91106

 

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Rainmaker
3,224,464
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

Thanks for sharing the market updates for the Somerset  House condos in Pasadena 91106.

Good luck and success.

Lou Ludwig

Aug 10, 2017 06:13 PM #1
Ambassador
2,558,339
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - That available unit does look like an interesting opportunity. Interested buyers would find your market expertise very valuable in assessing the possibilities.

Aug 10, 2017 06:55 PM #2
Rainmaker
2,663,717
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

There's a condo ready now for the right buyer at 211 South Wilson Avenue, and Michael Jacobs is the right Realtor to call!

Aug 11, 2017 05:42 AM #3
Rainmaker
3,230,549
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, nice market update for Somerset Condos in Pasadena, and sounds like they are reasonable too.

Aug 11, 2017 06:54 AM #4
Rainmaker
1,223,720
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Your Alexandria Virginia Real Estate Agent

Good Morning Michael, the current condo for sale in Somerset House Condos sounds like it has a lot of potential. Lots of wiggle room to make updates and still be in line with updated comps. Buyers that are interested in condos in Pasadena just need to contact you. You know the Pasadena real estate market so well, there's no one else I'd want to work with in your area.

Aug 11, 2017 06:54 AM #5
Rainmaker
3,428,559
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Michael,

I don't recall your covering Somerset House Condos before.  Interesting that the utilities are included in the HOA.  If anyone is looking to buy or sell at Somerset House, they should contact you.  A

Aug 11, 2017 07:20 AM #6
Rainmaker
1,250,351
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Michael, I like that this complex is gated and the prices seem really reasonable. Great post as always.

Aug 11, 2017 08:49 AM #7
Rainmaker
3,936,530
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi, Michael.  Thanks for the information and update for the Somerset House condos in Pasadena.

Aug 12, 2017 04:11 AM #8
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Rainmaker
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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