1280 E Woodbury Road, Pasadena, California 91104, Pasadena, 91104 - 2 bed, 1 bath
ACTIVE$950,000
1280 E Woodbury Road, Pasadena, California 91104
2Beds
1Bath
1,339Sqft
7,376Lot
Year Built
1921
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$709
HOA
-
Days on market
-
Sold On
-
MLS number
AR25118287
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,6 Pros. Rank: price - $950.0K(13th), sqft - 1339(33th), beds - 2(22th), baths - 1(22th).
Truely a dream neighborhood for the price. Property is fixer with loads of upside potential. Sorrounded my multi million dollar homes. It may not qualify for financing so preferred cash or private funds is advised.
Condition Rating
Poor
The MLS description explicitly labels this property as a 'fixer' that 'may not qualify for financing,' strongly indicating substantial defects and the need for extensive rehabilitation. The images confirm this, showcasing a severely outdated kitchen with old cabinets, worn countertops, and basic appliances, and an equally neglected bathroom with old tiles and fixtures. The overall interior shows dirty walls, old flooring, and general disrepair, aligning with a property requiring significant repairs to be safely and comfortably livable.
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 = 7376, living area = 1339.
Prime Location: Situated in a 'dream neighborhood' surrounded by multi-million dollar homes in Pasadena, indicating strong desirability and potential for appreciation.
Significant Upside Potential: Described as a 'fixer with loads of upside potential,' offering a substantial opportunity for value creation through renovation and modernization.
Generous Lot Size: With a lot size of 7376 sqft, there's ample space for potential expansion, landscaping, or adding an ADU (Accessory Dwelling Unit), enhancing future value.
Historic Character: Built in 1921, the property possesses inherent historic charm and architectural character typical of the era, which can be highly sought after in Pasadena.
Reputable School District: Located within the Pasadena Unified School District, which is a significant draw for families and contributes to long-term property value.
Cons
Extensive Renovation Required: Explicitly stated as a 'fixer,' indicating the property requires significant investment and effort for repairs and upgrades.
Challenging Financing Options: The property 'may not qualify for financing,' necessitating cash or private funds, which severely limits the potential buyer pool.
Overpriced Relative to Estimated Value: The listing price of $950,000 is significantly higher (22% above) the estimated value of $736,668.625, suggesting it may be overpriced in its current condition.