Pasadena Millionaire's Row - February 2012 Sales & Market Activity Report
New on Market - Ardmore House - 480 South Orange Grove Boulevard
$800,000 Two Bedrooms, Den, Two Luxuriously Updated Baths, Gourmet Kitchen
Careful Attention To Detail & Quality Appointments
This is a market recap of condominiums and townhomes in the South Orange Grove corridor of Pasadena, California. This area is also known as "Millionaire's Row". This name is from earlier days in Pasadena along South Orange Grove Boulevard where landmark mansions and estates once lined this gracious broad tree-lined street.
In this report, I extend beyond what some may consider the "prime area" along South Orange Grove Boulevard and include properties south of Colorado Boulevard and north of Columbia. For the eastern boundary, I include Singer Park on California Boulevard and all of the streets that run parallel to California. The western boundary for this report is the Arroyo(south of the Colorado Street Bridge). This report does not include any of the condos or townhomes in Old Pasadena or those north of the 210 Freeway(so it does not include Orange Grove Village I or II, Continental Court or any of the developments between North Orange Grove and Arroyo Drive).
All information is from our local multiple listing service -- it has not been verified and is not guaranteed.
411 Gordon Terrace - just listed $1,029,000
Arlington Green - Two Bedroom, Two and One Half Bath Townhouse Style Condo
Sold February 2012 -- $471,000 final sales price
In February 2012, there were four sales in the South Orange Grove Corridor and they ranged in price from $448,000(625 South Orange Grove, two bedroom, two and one half bath townhouse style condominium) to $715,000(over 3000 square foot unit at 1095 South Orange Grove) with an average sales price of $558,250 and a median sales price of $535,000. There was one sale in February 2010, a unit at 1255 South Orange Grove Boulevard which was sold for $535,750 all cash.
There are currently 18 properties for sale along South Orange Grove Boulevard for sale ranging in price from $299,950(a one bedroom at Castlegate on California) to $1,495,000(45 S Grand Avenue historic townhome). Eleven properties are currently in escrow with last list prices ranging from $349,900 to $995,000. The property at $995,000 went into back-up status today March 14 and has been on the market for over 800 days.
If you have questions regarding Pasadena Millionaire's Row or any community within the San Gabriel Valley or the adjacent northeast foothill communities in the city of Los Angeles contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.
Tournament of Roses House
South Orange Grove Boulevard in Pasadena
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