This is a market activity report for Michillinda Terrace in Pasadena. This intimate group of just twelve townhouse-style condos was built in 2007 by Toledo Homes. In this report I will share information regarding units for sale and sold so far in 2016 along with a recap of sales for the previous three years. Statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the complex.
The floor plans at Michillinda Terrace feature two or three bedrooms with up to four baths. Approximate square footages range from just under 1400 to nearly 2000. Designed with the signature Mediterranean architectural influence that can be found in many other Toledo Homes built communities, the open courtyard of the complex is complemented by extensive tile and iron. The residences feature tall ceilings, fireplaces and extensive use of marble, granite and stone. There are patios and balcony areas. Parking in the professionally managed gated complex is in the subterranean garage.
The residential units at Michillinda Terrace have a 985 North Michillinda Avenue address(just north of Sierra Madre Boulevard). This is a mixed-use project with retail/offices facing Valley View Avenue. Located adjacent to the single family homes of Upper Hastings Ranch and the city of Sierra Madre in the foothills of the San Gabriel Mountains, the complex is conveniently located close to abundant shopping, dining, culture, entertainment and recreation. Transportation is easily accessible via the Foothill(210) Freeway or the Gold Line light rail station at Sierra Madre Villa.
There is currently one unit available at Michillinda Terrace. Newly listed, the two bedroom, two-and-one-half floor plan has approximately 1430 square feet and is offered at $749,000. Another two bedroom floor plan sold this month for $690,000(list price $694,500).
There was just one mls-reported closed transaction in 2015. It was a two bedroom floor plan with approximately 1300 square feet that recorded for $550,000(last list price $569,000) in September.
In 2014, there were no sales reported in the complex.
For full year 2013, there were two sales. Both were two bedroom floor plans and both sold in May of that year. An approximate 1375 square foot plan sold for $530,000(list $549,000). The other unit with about 1535 square feet closed for its list price of $599,000.
If you would like to know more about Michillinda Terrace or any Pasadena real estate contact me at 818.516.4393 cell. Let’s discuss what is important to you.
Published: November 18, 2016
Michillinda Terrace Townhouse Style Condos in Pasadena