Pasadena Historic Condos For Sale
at The Barcelona
85 North Madison Avenue
This is a recap of the Pasadena historic condos for sale at The Barcelona along with market activity from full year 2013 and 2014 to sales so far in 2015.
Statistical information for this report has been gathered from our local multiple listing service (mls) and may not include all transactions in the complex
The Barcelona is located at 85 North Madison Avenue(northwest corner of Union Street in the Pasadena Playhouse District not far from Pasadena City Hall(photo 5). Formerly own-your-own apartments and now condominiums, the building is on the National Register of Historic Places.
Enter the circa 1922 building through a controlled access intercom and find the lobby(photo number 3) with its original reception desk which opens to the intimate salon(photos 4 and 6). With its high ceiling, hardwood floors and abundant windows, it invites the opportunity to linger and reflect. The Barcelona 
consists of studio and one bedroom units. They range in approximate size from under 300 to nearly 800 square feet. While many of the units here redefine the word compact, the location and the historic aspect of the building are the draw. The period birdcage elevator adds to the old world ambiance. Don’t expect to find in unit laundry connections but there are common laundry facilities in the basement where you will also find a small storage area. There is an on-site manager and parking is off-site(separate monthly fee).
Located just north of Colorado Boulevard and the annual Rose Parade route, residents are close to Paseo Colorado, Playhouse District, South Lake Avenue and Old Pasadena. Due to its central location, it is highly convenient to transportation(freeway and light rail) as well as museums, restaurants, shops and boutiques, theaters and much more. According to the walkscore website the location ranks 87 out of 100 -- very walkable where most daily errands can be accomplished by foot.
There are currently two units available at The Barcelona. One has approximately 502 square feet and is offered at $325,000, the other with about 676 square feet is listed for $359,000. There has been one mls-reported closed transaction so far in 2015. Selling in May, the third floor residence had approximately 772 square feet and closed for $350,000(list price $355,000).
There were two sales in 2014. One was a top floor corner studio unit with approximately 487 square feet which closed for $270,000. The other featured about 700 square feet and sold for $379,000.
There were also two sales in 2013. A top floor unit with no common walls and approximately 772 square feet sold for $375,000 and a studio unit(about 472 square feet) closed for $205,000.
As you will discover at The Barcelona -- condition and timing are definite factors to consider when looking at value. Whether you are a prospective buyer considering an offer or a homeowner thinking of selling and looking at the ideal list price that will generate the highest interest and bring you the highest net proceeds, let’s discuss what is important to you.
Whether your tastes lean to historic properties, something more modern or perhaps an entirely different style --- let me act as your guide for Pasadena real estate. I can be reached at 818.516.4393 cell.
Published: November 22, 2015
Pasadena Historic Condos For Sale
at The Barcelona
85 North Madison Avenue
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