126 E Palm Street, Altadena, California 91001, Altadena, 91001 - 4 bed, 6 bath

126 E Palm Street, Altadena, California 91001 home-pic-0
ACTIVE$2,425,000
126 E Palm Street, Altadena, California 91001
4Beds
6Baths
3,506Sqft
21,940Lot
Year Built
1926
Close
-
List price
$2.42M
Original List price
$2.52M
Price/Sqft
$692
HOA
-
Days on market
-
Sold On
-
MLS number
P1-19317
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 2 Cons,3 Pros. Rank: price - $2.42M(93th), sqft - 3506(96th), beds - 4(76th), baths - 6(99th).

126 E. Palm St. is a luxury:Completely updated Colonial 3,956 sqft. home including a 450 sqft. basement with 2 entrances4 bedrooms 6 bath house on a 21,940 sqft. lot. Formal living room with original built ins and beautiful mahogany French doors that open to an outdoor courtyard.State of the art kitchen with custom hammered copper hood.Custom molding and trim work throughout the home.Custom woodwork in mudroom and pantry.All new dual pane windows.Den attached to Mud Room used as office.Large patio in the rear for entertaining.Tesla Solar Roof installed in 2021 with two Tesla Powerwall batteries in the garage for whole house backup. Completely paid off ($65,000 value). Offsets daily energy use while providing uninterrupted electrical service during power outage.Brand new renovated chimney 100 years old, bolted to house with new flue.Rebuilt fireplace located in formal living room.3 electrical subpanels, one of which is upstairs servicing all the electrical on the second floor.Earthquake bracing and bolting completed, with shear wall reinforcement added to exterior walls during renovation. Ring Home alarm system, Nest Thermostats, Gigabit fiber internet, dual HVAC system, and capability to charge 2 electrical vehicles make this home technically very desirable.Backyard has 13 fruit trees all with irrigation down the East Wall. Includes Avocados (2), Lemons (2), Oranges (2), Mandarins (2), Pomegranate (1), Fuji Apple (1), and Figs (3).Ample space to develop the backyard. A dwelling (see photo) for a 975 sqft. ADU with plans and preliminary approval from County. Seller is willing to pay up to $2,500 to renew the plans at close of escrow.Significant improvements are taking place on Palm Street with the construction of 16 brand new single family homes nearby, selling for just under $2,000,000. It is tenant occupied until December 31, 2024.Seller has moved out of state and will help to facilitate the sale.

Condition Rating
Excellent

The property, built in 1926, has been completely updated. The description mentions a state-of-the-art kitchen, custom molding and trim work, new dual pane windows, a Tesla Solar Roof installed in 2021, and renovated chimney. The images confirm the high-quality renovation, showcasing modern bathrooms and a well-equipped kitchen. Earthquake bracing and bolting completed, with shear wall reinforcement added to exterior walls during renovation.
Pros & Cons

Pros

Modern Upgrades & Technology: The property features a Tesla Solar Roof with Powerwall batteries, dual HVAC, Ring alarm system, Nest thermostats, and EV charging capability, offering energy efficiency and modern convenience.
ADU Potential: The large backyard has ample space and preliminary approval for a 975 sqft ADU, providing an opportunity for additional income or living space.
Extensive Renovations: The home has been completely updated with a state-of-the-art kitchen, custom molding, new dual pane windows, earthquake bracing, and a renovated chimney, ensuring structural integrity and aesthetic appeal.

Cons

Tenant Occupied: The property is tenant occupied until December 31, 2024, which may delay immediate occupancy for the buyer.
Price Point: The list price is at the higher end, even with the recent price reduction, and may require justification based on comparable sales and the cost of nearby new constructions.

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