1563 E Elizabeth Street, Pasadena, California 91104, Pasadena, 91104 - 5 bed, 3 bath

1563 E Elizabeth Street, Pasadena, California 91104 home-pic-0
ACTIVE$1,749,000
1563 E Elizabeth Street, Pasadena, California 91104
5Beds
3Baths
2,016Sqft
7,986Lot
Year Built
1924
Close
-
List price
$1.75M
Original List price
$1.79M
Price/Sqft
$868
HOA
-
Days on market
-
Sold On
-
MLS number
25512123
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.75M(86th), sqft - 2016(83th), beds - 5(96th), baths - 3(79th).

Motivated Seller! Charming 1924 Craftsman Home with ADU in Prime Pasadena LocationDiscover the perfect blend of historic charm and modern convenience in this beautifully maintained 1924 Craftsman home in one of Pasadena's most sought-after neighborhoods. This 3-bedroom, 2-bathroom residence sits on a spacious 7,984 sq. ft. lot, offering timeless architectural details, inviting living spaces, and thoughtfully updated amenities.Adding incredible versatility and value to the property is a newly constructed 2-bedroom, 1-bathroom ADU (749 sq. ft.), complete with a full kitchen, comfortable living room, separate utility meters, and solar panels. Whether you're looking for rental income, a guest house, or a multi-generational living space, this ADU offers endless possibilities.Located in a picturesque setting with stunning mountain views, this home provides easy access to Pasadena's best amenities. Enjoy the city's signature tree-lined streets, historic architecture, and vibrant community, just minutes from world-renowned attractions such as the Rose Bowl, Huntington Library and Gardens, and Norton Simon Museum. The area also boasts top-rated schools, excellent dining, and a variety of shopping destinations, all while maintaining a peaceful residential atmosphere.The property's fresh landscaping enhances its curb appeal, creating a welcoming environment from the moment you arrive. Whether you're an investor seeking a steady income stream or a homeowner in search of a flexible living arrangement, this exceptional property presents an unmatched opportunity in the heart of Pasadena.Don't miss your chance to own a piece of Pasadena's history with all the modern conveniences you desire!

Condition Rating
Excellent

The property features a newly constructed ADU with a full kitchen, new appliances, and solar panels, which is in excellent, virtually new condition. The main 1924 Craftsman home, while older, has been beautifully maintained and thoughtfully updated, showcasing modern-looking wood-style flooring, fresh paint, and updated light fixtures throughout. The main house bathroom is clean and functional with a modern vanity, contributing to a move-in ready state. The combination of a brand-new ADU and a recently updated, well-maintained main residence elevates the overall property condition to excellent, with no visible deferred maintenance.
Pros & Cons

Pros

ADU with Income Potential & Solar: The property includes a newly constructed 2-bedroom, 1-bathroom ADU with a full kitchen, separate utility meters, and solar panels, offering significant rental income potential or flexible multi-generational living.
Prime Pasadena Location: Located in a highly sought-after Pasadena neighborhood, providing easy access to top-rated schools, vibrant community amenities, world-renowned attractions like the Rose Bowl and Huntington Library, and excellent dining/shopping.
Historic Craftsman Charm: A beautifully maintained 1924 Craftsman home that retains timeless architectural details, blending historic appeal with thoughtfully updated amenities and fresh landscaping for strong curb appeal.
Spacious Lot: The generous 7,984 sq. ft. lot provides ample outdoor space, enhancing privacy and potential for further landscaping or recreational use.
Picturesque Mountain Views: The property boasts stunning mountain views, adding to its aesthetic appeal and desirability.

Cons

Significant Overpricing: The current list price of $1.749M is substantially higher than the property's estimated value of $1.232M, coupled with a recent price reduction, indicating potential overvaluation in the current market.
Age-Related System Concerns: Despite being 'beautifully maintained,' the 1924 construction year of the main residence suggests potential for older infrastructure (e.g., plumbing, electrical, HVAC) that may require future upgrades or maintenance not explicitly detailed.
Limited Specific Renovation Details for Main House: While 'thoughtfully updated amenities' are mentioned, the description lacks specific details on major renovations or system replacements for the main 3-bedroom residence, which could raise questions for prospective buyers regarding its long-term condition.

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