South Pasadena CA - Monterey Townhomes
Monterey Townhomes in South Pasadena is a 43 unit townhome community built in 1971. These multi-story townhomes feature two or three bedrooms, two and one half baths, high ceilings and attached garages. Patios and balconies enhance the indoor-outdoor appeal of these residences.
Located at the southeast corner of Indiana and Monterey there are three addresses at the complex: 1200, 1202 and 1204 Indiana. Monterey Townhomes feature well-manicured gardens and grounds. This attractive complex with Spanish-inspired architecture is professionally managed and the exterior was painted within the last few years. There is an association pool and spa.
There are no townhomes currently available at Monterey Townhomes. According to our local multiple listing service(MLS) there has been one sale this year. This was a trust sale(no court confirmation) with three bedrooms and was listed for $499,000 and closed in May for $545,000 all cash.
In 2011, there were four sales in the complex according to our MLS. The sales ranged in price from $459,000 to $540,000. The average sales price was $484,250 and the dollar per square foot was $291.54.
Due to its convenient location, small town atmosphere, highly acclaimed schools, well regarded park and recreation program and library South Pasadena remains a very desirable destination. Inventory of homes, condos, townhomes and lofts that are available for sale remain low and buyer demand is high with many properties selling with multiple offers and in some cases over the list price.
Should you a South Pasadena homeowner who is thinking of selling I welcome the opportunity to discuss how to maximize your net proceeds in this market. I can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.
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