482 S Arroyo 503, Pasadena, California 91105, Pasadena, 91105 - 2 bed, 2 bath

482 S Arroyo 503, Pasadena, California 91105 home-pic-0
ACTIVE$1,498,000
482 S Arroyo 503, Pasadena, California 91105
2Beds
2Baths
1,520Sqft
17,516Lot
Year Built
2016
Close
-
List price
$1.5M
Original List price
$1.56M
Price/Sqft
$986
HOA
$665
Days on market
-
Sold On
-
MLS number
TR25032869
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Deck
ViewMountain(s), Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(63th), sqft - 1520(19th), beds - 2(50th), baths - 2(41th).

Experience the pinnacle of Pasadena living in this stunning top-floor condominium located in a highly desirable Arroyo Parkway location. This unit boasts a modern, open floor plan designed for seamless entertaining and comfortable daily life. Natural light floods the living spaces, highlighting the sleek finishes and contemporary design. Enjoy effortless light control and privacy with automatic curtains throughout the unit. The expansive, north-facing balcony provides an abundance of sunlight, creating the perfect spot for morning coffee, al fresco dining, or simply relaxing and taking in the Pasadena air. This unit includes the rare convenience of two dedicated parking spaces in the secure garage. The residence is situated within a secure community, providing peace of mind and a sense of exclusivity. Additionally, the HOA dues cover essential utilities, including water, gas, and trash, simplifying your monthly expenses. Beyond the unit's features, the location offers unparalleled access to the best of Pasadena, with shops, restaurants, and cultural attractions just moments away.

Condition Rating
Excellent

Built in 2016, this condominium is relatively new (within 10 years). The description emphasizes a 'modern, open floor plan' with 'sleek finishes and contemporary design,' including 'automatic curtains.' This indicates that all components, including the kitchen and bathrooms, are new or virtually new, meeting current quality standards with no deferred maintenance. The exterior image also reflects a modern and well-maintained building.
Pros & Cons

Pros

Prime Location: Situated in a highly desirable Arroyo Parkway location, offering unparalleled access to Pasadena's shops, restaurants, and cultural attractions.
Modern & Contemporary Design: Built in 2016, this top-floor unit boasts a modern, open floor plan with sleek finishes, contemporary design, and automatic curtains, appealing to modern buyers.
Panoramic Views & Natural Light: As a top-floor unit, it offers panoramic mountain views and is flooded with natural light, enhancing its aesthetic appeal and living experience.
Exclusive Parking & Security: Includes the rare convenience of two dedicated parking spaces in a secure garage and is located within a secure community, providing peace of mind.
HOA Inclusions & Balcony: HOA dues cover essential utilities (water, gas, and trash), simplifying monthly expenses, and an expansive north-facing balcony provides valuable outdoor living space.

Cons

High Monthly HOA Dues: The $665 monthly association fee, while inclusive of some utilities, is substantial and adds significantly to the overall cost of ownership.
Recent Price Reduction: The property has seen a price reduction from its original list price of $1.56M, which may indicate it was initially overpriced or facing market resistance.
Condominium Lifestyle Limitations: As a condominium, it entails shared walls, potential noise from neighbors, and community rules/regulations that may limit personal freedoms compared to a single-family home.

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