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1065 Nithsdale Road, Pasadena, California 91105, Pasadena, 91105 - 4 bed, 3 bath

1065 Nithsdale Road, Pasadena, California 91105 home-pic-0
ACTIVE$2,280,000
1065 Nithsdale Road, Pasadena, California 91105
4Beds
3Baths
2,726Sqft
18,523Lot
Year Built
1926
Close
-
List price
$2.28M
Original List price
$2.28M
Price/Sqft
$836
HOA
-
Days on market
-
Sold On
-
MLS number
P1-20839
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.28M(52th), sqft - 2726(55th), beds - 4(50th), baths - 3(50th).

Discover the potential and picturesque charm of this one-story 1926 cottage with 2726 square feet in Pasadena's highly regarded San Rafael neighborhood. Set on an expansive 18,523-square-foot lot offering space and multiple possibilities for personalization. Imagine the potential for a sparkling pool, a perfect spot for relaxation and entertainment. Or explore the exciting possibility of an accessory dwelling unit (ADU).With a desirable southern exposure and abundant windows, natural light brightens the atmosphere throughout the home. Step inside the formal entry to find a floor plan featuring four spacious bedrooms all with original hardwood flooring, and two and a half bathrooms.Two cozy fireplaces enhance the ambiance, gracing the living room and warming the family room. A spacious sunroom beckons as a versatile space, providing additional options for your needs. The formal dining room with built-in cabinetry flows effortlessly into an open kitchen, perfect for daily living and entertaining.This property presents an incredible opportunity for transformation and potential, allowing you to customize it to your vision and make it your own.

Condition Rating
Poor
Built in 1926, this property requires substantial renovation to meet modern standards. The kitchen features severely outdated white appliances, old laminate/tile countertops, and dated cabinetry, along with an old fluorescent light fixture. All bathrooms are significantly outdated with original-era or 30-50 year old tile, vanities, and fixtures. While the home retains original hardwood flooring, the overall condition, particularly in the critical kitchen and bathroom areas, indicates a need for extensive rehabilitation and likely major system updates (electrical, plumbing, HVAC) given its age. The listing itself highlights 'an incredible opportunity for transformation and potential,' reinforcing the need for significant investment.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18523, living area = 2726.
Prime Location: Situated in Pasadena's highly regarded San Rafael neighborhood, offering desirability and potential for strong appreciation.
Expansive Lot with Development Potential: An impressive 18,523-square-foot lot provides ample space for personalization, including the potential for a pool or an Accessory Dwelling Unit (ADU).
Historic Charm & Character: A 1926 cottage featuring original hardwood flooring and two cozy fireplaces, offering unique architectural character and a sense of history.
Abundant Natural Light: Benefiting from desirable southern exposure and numerous windows, the home is filled with natural light throughout.
Significant Customization Opportunity: The property is presented as an 'incredible opportunity for transformation and potential,' appealing to buyers looking to customize a home to their exact vision.

Cons

Significant Price Discrepancy: The listing price of $2.28 million is 22% higher than the estimated property value of $1.76 million, suggesting it may be overpriced or require substantial investment to justify the asking price.
Age-Related Updates Required: Built in 1926, the property likely requires significant updates to core systems (e.g., electrical, plumbing, HVAC) and finishes to meet modern standards, implying considerable renovation costs for the buyer.
Lack of Modern Amenities: The description does not explicitly mention modern conveniences such as central air conditioning or fully updated bathrooms, which may be expected by buyers in this price range and neighborhood.

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