795 Fairfield Circle, Pasadena, California 91106, Pasadena, 91106 - 3 bed, 4 bath
ACTIVE$3,400,000
795 Fairfield Circle, Pasadena, California 91106
3Beds
4Baths
2,530Sqft
12,109Lot
Year Built
1952
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
$1,344
HOA
-
Days on market
-
Sold On
-
MLS number
MB25000777
Home ConditionFair
Features
Pool
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.40M(65th), sqft - 2530(56th), beds - 3(50th), baths - 4(65th).
Home is located in Pasadena’s most sought after Oak Knoll District, near the Huntington Langham Hotel, this ranch style home is located in the residential neighborhood just below the prestigious South Lake Ave. This home is an ideal escape on a private secluded street, ideal for both working from home and private entertaining..., and yet still close enough for a quick drive to dining and shopping on South Lake Ave. Pending city permit to add 1700sqft remodel and addition to the main house and a 750sqft ADU or cabana next to the pool.
Condition Rating
Fair
Built in 1952, this property is aged but appears to be maintained. However, the images clearly show a significantly outdated kitchen with older cabinetry, countertops, and appliances, as well as dated bathrooms with older tile and fixtures. While the home is livable, these key areas require substantial modernization to meet current standards. The pending permits for a large remodel and addition indicate the property's potential but confirm its current pre-renovation state, aligning with a 'Fair' condition where major components are functional but show signs of being outdated and require significant updates.
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 = 12109, living area = 2530.
Prime Location: Situated in Pasadena’s highly sought-after Oak Knoll District, this property offers a prestigious address near the Huntington Langham Hotel and convenient access to South Lake Avenue's dining and shopping, while maintaining a private, secluded street setting.
Significant Expansion Potential: The property comes with pending city permits for a substantial 1700 sqft remodel and addition to the main house, plus a 750 sqft ADU or cabana next to the pool, offering immense value-add and customization opportunities.
Generous & Private Lot: Boasting a large 12,109 sqft lot on a secluded street, the property provides ample space for privacy, outdoor living, and the planned pool/cabana, enhancing its appeal for discerning buyers.
Lifestyle Appeal: Described as an 'ideal escape' for both working from home and private entertaining, the property caters to modern lifestyle needs, offering tranquility without sacrificing urban convenience.
Strong Investment Opportunity: With approved plans for significant expansion and an ADU, this property presents a compelling investment opportunity for substantial equity growth and increased rental income potential post-renovation.
Cons
Current Overvaluation: The listing price of $3.4M is notably higher than the estimated property value of $2.46M, indicating it's priced for future potential rather than current condition, which may require a specific buyer willing to invest further.
Renovation Required: Built in 1952, the ranch-style home, despite pending permits for expansion, will require significant additional investment and effort from the buyer to complete the proposed remodel and realize its full potential.
Lack of Desirable Views: The property explicitly states 'View: None,' which could be a minor drawback for buyers in this high-value area who often seek scenic vistas or panoramic outlooks.