Pasadena CA Washington Square Landmark District 2014 Real Estate Recap

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Industry Observer CalBRE #01165532
https://activerain.com/droplet/4xvq

Pasadena CA

Washington Square Landmark District

2014 Real Estate Recap

 

Washington Square - Pasadena Historic Landmark DistrictThis is a recap of real estate activity for 2014 and homes for sale in the Washington Square Landmark District.  Established in 2003 as the second such district in Pasadena, it is comprised of approximately 250 homes.   They were primarily built between 1910 and 1940 in a variety of architectural styles on pretty tree-lined streets.  

 

The district's borders are generally north of Mountain Avenue, the east side of El Molino Avenue as the western boundary, south of Washington Boulevard and Hudson Avenue on the east.   Since, Washington Square has been established as a historic Pasadena district, qualifying homes may be eligible for significant property tax credits.

 

Washington Square Landmark Historic District - Washington Square Homes For SaleLocated in the northwest area of the neighborhood is the 5.2 acre Washington Park which was planted with an abundant variety of native California plants and trees. The park includes playground equipment, picnic areas as well as handball, tennis, baseball and basketball.  There is a small parking lot off Washington Boulevard.

 

For 2014, there were just three closed transactions of single family homes in the neighborhood according to multiple listing source(mls)records.   They ranged from $549,000 to $643,000 with an average sales price of $597,000(median sales price $599,000).   They sold at 101.99% of last list price and for $318.17 per square foot on average.   

 

Pasadena Washington Square Homes For SaleThere is currently one Washington Square home for sale.   The circa 1927 bungalow is listed as completely remodeled with three bedrooms/two baths with approximately 1414 square feet of living on an approximate 6757 square foot lot priced at $639,000.

 

For the same January through December time period in 2013, there were five mls-reported sales ranging from $428,000 to $650,000 with an average sales price of $500,100(median $470,000).   They sold at 101.7% and for $408.94 per square foot on average.   

 

Pasadena Washington Square Homes For SaleCondition of the homes like many historic areas of Pasadena can vary greatly so this has an obvious impact on prices.   

 

Inventory of properties for sale in this small neighborhood continue to be limited, so prospective buyers need to be well-prepared knowing that they may be competing in multiple offer situation.   

 

If you would like to know more about Washington Square or any Pasadena neighborhood whether you are thinking of buying or selling contact me at 818.516.4393 cell and we can discuss what is important to you.

 

Pasadena CA

Washington Square Landmark District

2014 Real Estate Recap

Posted by

Michael Jacobs

 

CalBRE # 01165532

2065 Huntington Drive

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

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Rainmaker
4,481,434
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

Washington Square looks like a quintenssential American movie neighborhood.  The wide porch reminds me of some of the early Judy Garland / Doris Day movies homes!  Glad to hear there is at least one home for you to sell.  A

Jan 28, 2015 06:06 AM #1
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

This must be the place people love to call home...with only three sales in 2014. We have a few neighborhoods like that in my area, too. You've done a nice job with your neighborhood description. 

Jan 28, 2015 11:10 AM #2
Ambassador
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Michael, great documentation of Pasadena California Washington Square. A beautiful place to call home presented by a Professional Realtor who truly knows the neighborhood as a local.

Jan 28, 2015 12:28 PM #3
Rainmaker
596,598
Nancy Laswick
United Real Estate - Phoenix, AZ
Your REALTOR® For The Valley Of The Sun

Washington Square looks like a great neighborhood to call home. With the low number of home available each year anyone interested in purchasing one of these highly desirable homes should call Michael Jacobs and take advantage of  his neighborhood expertise.

Jan 28, 2015 03:57 PM #4
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Tree lined streets are charming.....Washington Square Lankmark District offers some great architectural options.

Jan 28, 2015 08:09 PM #5
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Love the looks of the Washington Square Landmark District in Pasadena CA, Michael.  Though the name brings back memories of my NYU school days which also happen to center near Washington Square.

Jan 28, 2015 08:40 PM #6
Rainmaker
1,523,097
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, excellent update on the Washington Square Landmark District in Pasadena. It's clear that residents love living in this community. Such low turnover. If anyone is considering selling they need to contact you. Your marketing and expertise will maximize their equity. 

Jan 28, 2015 10:45 PM #7
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

MJ,  I bet the homes in Washington Square have lots of character.  The one home for sale won't last long.  It is very cute!  

Jan 29, 2015 01:15 AM #8
Rainmaker
1,396,986
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Michael...I love the look of Washington Square. I would have you show me anything available in this area if I was looking to move to your neck of the woods!

Jan 29, 2015 02:25 AM #9
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It sounds like an excellent choice for buyers wanting lots of character in a neighborhood. Those houses don't stay on the market long.

Jan 29, 2015 10:37 AM #10
Rainmaker
3,357,178
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thank you very much for the comments.  I appreciate your support.  

Jan 30, 2015 02:46 AM #11
Rainmaker
925,799
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

The Washington Square Landmark District looks like an interesting neighborhood, Michael Jacobs.  Diversity in housing stock makes it an area with something for everyone!  Great amenities and mature trees really make it shine!

Jan 30, 2015 08:56 PM #12
Rainmaker
3,357,178
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Ron Marshall - Washington Square is a relatively small neighborhood so the turnover in a given year is typically small.   You're definitely spot on with your mention of the trees --- whether it is the palms that line Palm Terrace or trees than create a canopy on Belvidere or Claremont, they are very much a part of this Pasadena Landmark District.

Jan 30, 2015 11:07 PM #13
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Rainmaker
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Michael Jacobs

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