1003 Monterey Road B, South Pasadena, California 91030, South Pasadena, 91030 - 5 bed, 5 bath
ACTIVE$1,999,900
1003 Monterey Road B, South Pasadena, California 91030
5Beds
5Baths
2,400Sqft
4,906Lot
Year Built
1890
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$833
HOA
-
Days on market
-
Sold On
-
MLS number
AR25064908
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(46th), sqft - 2400(56th), beds - 5(79th), baths - 5(90th).
Don’t miss this incredible opportunity to own a beautifully maintained Colonial Revival home in the heart of South Pasadena. Offering 2,400 sq. ft. of living space, this charming residence is nestled within the prestigious and award-winning South Pasadena School District.
Condition Rating
Fair
The property, built in 1890, is described as 'beautifully maintained' and retains its 'Colonial Revival' charm. However, with only an exterior image provided and no details or visuals of the interior (especially kitchen and bathrooms), it's highly probable that major systems and finishes are functional but outdated. The AI analysis also points to a 'Potential for Outdated Systems' and 'Lack of Modern Amenities/Renovations Compared to Comps'. Without evidence of extensive recent renovations (within the last 5-15 years) to critical areas like the kitchen and bathrooms, it cannot be rated higher than 'Fair', as it likely requires minor to substantial updates to meet current quality and style standards.
Pros & Cons
Pros
Historic Architectural Style: A beautifully maintained Colonial Revival home from 1890, offering unique character and historical appeal in a desirable area.
Prestigious School District: Located within the highly acclaimed and award-winning South Pasadena School District, a significant draw for families.
Generous Bed/Bath Count: With 5 bedrooms and 5 bathrooms, the property offers exceptional space and flexibility for various living arrangements.
Spacious Living Area: The 2,400 sq. ft. of living space provides ample room for comfort and functionality for residents.
Recent Price Adjustment: The list price has been reduced from $2,099,000 to $1,999,900, potentially indicating increased value or seller motivation.
Cons
Potential for Outdated Systems: Built in 1890, the property description lacks specific mentions of recent major system upgrades (e.g., electrical, plumbing, HVAC) which are common in comparable renovated homes, suggesting potential future investment.
Significant Price Discrepancy with Estimation: The current list price of $1,999,900 is substantially higher than the property's estimated value of $1,435,955.08, which could raise concerns for buyers and lenders regarding market alignment.
Lack of Modern Amenities/Renovations Compared to Comps: Unlike several recently sold comparables that highlight extensive modern renovations (new kitchens, updated bathrooms, ADUs), the subject property's description is less specific about contemporary upgrades, potentially making it less competitive.