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149 Marathon Road, Altadena, California 91001, Altadena, 91001 - 3 bed, 1 bath

149 Marathon Road, Altadena, California 91001 home-pic-0
ACTIVE$400,000$1,126/sqft
Est. Value: $426,976
6%
BelowEstimate
149 Marathon Road, Altadena, California 91001
3Beds
1Bath
1,126Sqft
5,847Lot

Price Vs. Estimate

The estimated value ($426,976.09) is $26,976.09 (6%) higher than the list price ($400,000). This property may be underpriced.

Key pros and cons

Top Pros:
Development Ready & Clean Slate: The property is a cleared lot with both Phase 1 and Phase 2 cleanups fully completed by the US Army Corps of Engineers, offering a clean slate and peace of mind for immediate development.
Top Cons:
Significant Investment Required: As a cleared lot, the property requires a substantial financial and time investment for new construction, including design, materials, and labor, beyond the purchase price.

Compared to the nearby listings

Price:$400.0K vs avg $1.11M ($-715,000)2%
Size:1,126 sqft vs avg 1,598 sqft20%
Price/sqft:$355 vs avg $7038%

More Insights

Built in 1947 (79 years old).
Condition: The property is a cleared lot, as the previous residence was destroyed by fire. There is no existing structure, kitchen, or bathroom to evaluate. The value is solely based on the land and its potential for redevelopment, fitting the 'tear-down' criteria where the structure is beyond repair (or in this case, no longer exists).
Year Built
1947
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$355
HOA
-
Days on market
-
Sold On
-
MLS number
25630083
Home ConditionTear down
Features
Good View: None
View-

About this home

This 5847 sq' flat corner lot was previously home to a 3 bedroom, 1 bath single-family residence. It is now cleared and ready for development after being destroyed by the Eaton Canyon fire. Both Phase 1 and Phase 2 cleanups are fully completed by the US Army Corps of Engineers, offering peace of mind and a clean slate for your vision. This property offers endless possibilities for homeowners and developers alike. Whether you're looking to build a modern retreat, a traditional home, or take advantage of California's ADU laws for added income or multigenerational living, this lot provides the perfect canvas. Enjoy the beauty of Altadena while being just minutes from hiking trails, parks, shopping centers, and the vibrant city life of Pasadena. Don't miss the opportunity to create your dream home in a lovely location. Soils report and USACE completion have been uploaded on the MLS. Title report in progress.

D
Darcy Kaye
Listing Agent

Price History

Date
Event
Price
10/25/96
Sold
$135,000
10/18/13
Sold
$489,000
Condition Rating
Tear down
The property is a cleared lot, as the previous residence was destroyed by fire. There is no existing structure, kitchen, or bathroom to evaluate. The value is solely based on the land and its potential for redevelopment, fitting the 'tear-down' criteria where the structure is beyond repair (or in this case, no longer exists).
Pros & Cons

Pros

Development Ready & Clean Slate: The property is a cleared lot with both Phase 1 and Phase 2 cleanups fully completed by the US Army Corps of Engineers, offering a clean slate and peace of mind for immediate development.
High Development Potential: Offers endless possibilities for homeowners and developers, including building a modern retreat, traditional home, or leveraging California's ADU laws for added income or multi-generational living.
Desirable Lot Characteristics: A 5847 sq' flat corner lot provides excellent flexibility for design, easier construction, and potentially better light and access.
Prime Altadena Location: Situated in a lovely Altadena location, minutes from hiking trails, parks, shopping centers, and the vibrant city life of Pasadena, offering a blend of nature and urban convenience.
Pre-Vetted Documentation: Soils report and USACE completion documentation are already uploaded on the MLS, streamlining initial due diligence for potential buyers.

Cons

Significant Investment Required: As a cleared lot, the property requires a substantial financial and time investment for new construction, including design, materials, and labor, beyond the purchase price.
Lengthy Permitting & Construction Process: Buyers will face the potentially complex and time-consuming process of obtaining building permits and managing new construction from the ground up.
Fire History & Perceived Risk: The property was destroyed by the Eaton Canyon fire, which, despite thorough cleanup, might raise concerns for some buyers regarding future fire risk in the area.
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