Are You Looking For A Cool Mid Century Modern Condo in Pasadena?

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

Are You Looking For A Cool Mid Century Modern Condo in Pasadena?

 

Villa San Pasqual at 1000 San Pasqual Street Pasadena

 

This is a real estate market activity report for Villa San Pasqual, a mid-century modern condo complex located at 1000 San Pasqual Street in Pasadena.  Situated on a leafy tree-lined street, the 58 single level condos were built in the mid-1950s.   Actually, there are three different complexes(three different homeowner associations) but for purposes of this report, the information is combined.

 

In this report I will share information of activity so far in 2017 as well as a recap of closed sales for the previous five years.  Statistical data included here has been gathered from our local multiple listing service(mls) and may 1000 San Pasqual Street Pasadena Mid Century Modern Condosnot reflect all transactions in this Pasadena mid-century modern condo complex.    

 

The condos at Villa San Pasqual include one to three bedrooms and features walls of glass and floor plans with spacious rooms.  The colorful exterior has a rather cool mid-century vibe that complements the landscaped grounds which feature expansive lawns, rose gardens and manicured plantings.   The condos designed by architect Lionel V Mayell at 1000 San Pasqual have won numerous awards and may be eligible for significant tax savings through the Mills Act Property Tax Reduction program(should be verified) due to their historical significance.  

 

You will find units which have been preserved in original condition or meticulously restored while others need some attention.  Some rather cool 1950s retro architectural details and finishes can still be found in some of the units. Based on its location and the attraction of all things mid-century modern, the appeal of this complex continues to grow.   There is not a pool or spa in the complex but common area laundry facilities and garages

 

The location is just east of Lake Avenue and just steps away from the campus of California Institute of Technology(Caltech).  There is much to see and do in the neighborhood from entertainment(Ice House Comedy Club) to shopping and dining(South Lake Avenue) to culture(Huntington Library, Art Collections and Botanical Gardens) and much more.   The location is convenient to the Arroyo Seco Parkway(110), the Foothill(210) and Ventura(134) freeways and the Gold Line light rail station on North Lake Avenue.  

 

  • There is currently a one bedroom ground floor unit available for sale. Newly listed, the condo with approximately 874 square feet is priced at $469,000.  Another one bedroom unit on the second floor is in escrow.  In March a one bedroom floor plan with approximately 867 square feet sold for $434,000(list price $459,000) in an all-cash transaction.

 

  • There were no mls-reported closed sales in the complex in 2016.

 

  • In 2015, there were four closed transactions reported in a variety of floor plans ranging in sales prices from $385,000 to $550,000 with an average closed price of $483,500(median $499,500).  All sold at or above last list price for an average 105.40% and a price per square foot of $512.70.

 

  • There were seven sales reported in 2014 - a particularly active year at Villa San Pasqual.  With approximate square footages ranging from 823 to over 2000, the sales ranged from $380,000 to $799,000 with an average price of $492,114(median $425,000).  They sold at 101.88% sold-to-list price and for $439.76 per square foot on average.

 

  • During 2013, there were four sales ranging in price from $324,000 to $440,000 with an average price of $376,000(median $370,000).  They sold at an average 101.23% of last list price and for $438.55 per square foot.

 

  • In 2012, there were also four sales reported.  These sales ranged from $295,000 to $710,000 with an average of $442,000(median $381,000).  The average price per square foot was $373.47 for the year.  It should be noted that the sale of a three bedroom has an impact on the average sales price and price per square foot.   

 

Obviously, in a report that is obviously an overview and general in nature, more detailed information will be necessary for a prospective buyer to review in order to arrive at the best offer strategy for the purchase of a unit. The same is true for a property owner who may be considering selling in What is My Villa San Pasqual Condo in Pasadena Worthhope of finding the right price and marketing plan to realize the most ideal selling scenario.  

 

Within this Pasadena mid-century modern condo complex, I recommending reviewing not only size of the unit but location within the complex, conditions, updates(if any and their appropriateness), emotional appeal and timing.  

 

If you would like to know more about this condo complex or any Pasadena real estate, let’s discuss what is important to you.   I can be reached at 818.516.4393 cell.  Let’s discuss what is important to you.  

 

Published:  August 11, 2017

 

Are You Looking For A Cool Mid Century Modern Condo in Pasadena?

 

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Rainmaker
2,445,034
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Retro is a popular thing ....and if I knew anyone there looking for a unit like it, you know that your number would be from my lips to the Buyers' ears !

Aug 11, 2017 09:44 AM #1
Ambassador
2,168,127
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

These are cool looking mid-century condos.  I love the rose gardens.

Aug 11, 2017 10:05 AM #2
Rainmaker
3,183,404
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Michael,

This is a really "cool" looking place, and I love all the greenery and the rose garden.  I hope you sell it.  Happy Friday, A

Aug 11, 2017 10:30 AM #3
Ambassador
2,889,154
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Michael- I see that many are gravitating towards the mid-century look! Buyers who are interested need to call you now!

Aug 11, 2017 10:52 AM #4
Rainmaker
1,166,799
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Michael Jacobs ~ MJ, just amazing! The property is amazing and the current one-bed for sale is a steal at under 500K... I hope buyers know to call you - nobody does it better than you

Aug 11, 2017 11:08 AM #5
Rainmaker
1,808,760
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

Hi Michael: These are very pretty. I presume the condos were originally constructed as an apartment building? Because it looks like an apartment I have lived in before. Not that it should detract from value today by any stretch. I hope you find a buyer for that condo.

Aug 11, 2017 11:50 AM #6
Rainmaker
1,229,111
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, you are so right, this is a cool looking place. Beautiful landscaping is a huge plus. Based on reading the prices in your area, that one active condo at the Villa San Pasqual is on the affordable side. I'm certain it won't be on the market for long, buyers looking for a condo in Pasadena as well as those thinking about selling would be wise to contact you.

Aug 11, 2017 12:47 PM #7
Ambassador
2,418,392
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Buyers with a taste for mid-century modern would be in great hands if they relied on your extensive market knowledge and expertise to help guide them to the right purchase. Have a great weekend!

Aug 11, 2017 01:45 PM #8
Rainmaker
1,876,635
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Well, I wasn't looking Michael... but I was tempted (until I saw the prices!). And you'll probably tell me these are bargains for your area!

Aug 11, 2017 01:55 PM #9
Rainmaker
1,555,162
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The mid century modern style is certainly a niche that has a strong following, I learned about about it a few years ago.

Aug 11, 2017 02:00 PM #10
Rainmaker
3,083,822
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

The Villa San Pasquel condos in Pasadena don't stay on the market very long.

Good luck and success.

Lou Ludwig

Aug 11, 2017 08:02 PM #11
Rainmaker
3,678,319
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.  These Villa San Pasqual condos are very intriguing.  I would love to see some of them.

Aug 12, 2017 04:09 AM #12
Rainmaker
2,982,557
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, so many buyers love mid-century modern homes, and hope buyers desiring one in Pasadena will call you.

Aug 12, 2017 07:44 AM #13
Rainmaker
1,213,638
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Michael, I must admit that over the years the mid-century modern style has grown on me. They tend to be easy to work with and have lots of light.

Aug 12, 2017 08:46 AM #14
Rainmaker
612,028
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Michael, 

Your market reports like this one for Villa San Pasqual at 1000 San Pasqual Street Pasadena CA 91106 always read like you are the listing agent. This is where your expertise comes into play. Not only can you list quickly without spending time researching,....(it's already done!). You are a tremendous asset to a buyer because of the same reason. With the low inventory that many condo projects are experiencing, a buyer will have instant info to make an educated offer quickly with your guidance. 

Aug 12, 2017 09:06 AM #15
Ambassador
3,162,318
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Michael

I love the look and description of Villa San Pasqual and bet lots of others in Pasadena do as well. And the nearby amenities no doubt add to that appeal...and to the competitive market. Hope this helps make your phone ring.

Jeff

Aug 12, 2017 05:37 PM #16
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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