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1766 N Madison Avenue, Pasadena, California 91104, Pasadena, 91104 - 1 bed, 1 bath

1766 N Madison Avenue, Pasadena, California 91104 home-pic-0
ACTIVE UNDER CONTRACT$799,900
1766 N Madison Avenue, Pasadena, California 91104
1Bed
1Bath
762Sqft
3,283Lot

Price Vs. Estimate

The estimated value ($705,017.09) is $94,882.91 (11%) lower than the list price ($799,900). This property may be overpriced.

Key pros and cons

Top Pros:
Historic Charm & Original Features: The property boasts authentic Craftsman-style architecture with well-preserved original features like built-in shelving, hardwood floors, and a fireplace, appealing to buyers seeking character.
Top Cons:
Limited Living Space: With only 762 sqft, 1 bedroom, and 1 bathroom, the property offers restricted living space, potentially limiting its appeal to a smaller demographic.

Compared to the nearby listings

Price:$799.9K vs avg $1.34M ($-540,100)4%
Size:762 sqft vs avg 1,475 sqft3%
Price/sqft:$1.0K vs avg $89681%

More Insights

Built in 1923 (102 years old).
Condition: The property, built in 1923, is well-maintained for its age with charming original features and gleaming hardwood floors. The addition of paid solar panels is a significant modern upgrade. However, the kitchen and bathroom are notably outdated with tile countertops, older appliances (except for the fridge), and basic fixtures, requiring substantial cosmetic renovations to meet modern standards. While functional, these areas show clear signs of being aged, and the overall systems (beyond solar) are likely older, aligning with the 'Fair' condition criteria.
Year Built
1923
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$1,050
HOA
-
Days on market
-
Sold On
-
MLS number
P1-24547
Home ConditionFair
Features
Patio
View-

About this home

Discover this charming Craftsman-style bungalow nestled in the heart of Normandie Heights, where timeless character meets modern potential. Brimming with old-world charm, this darling pied-a-terre showcases its original features -- from built-in shelving and a vintage desk to gleaming hardwood floors and a cozy fireplace that anchors the living space. The spacious attic, following the full footprint of the home with tall ceilings, offers exciting potential for expansion or a creative retreat. Outside, a large, low-maintenance patio provides the perfect sanctuary for relaxing or entertaining under the Pasadena sky. With PAID for solar panels and it's prime location near local parks, trails, and city conveniences, this home offers the warmth of a classic bungalow and the ease of single-level living -- a truly special find and a wonderful alternative to condominium living.

Condition Rating
Fair
The property, built in 1923, is well-maintained for its age with charming original features and gleaming hardwood floors. The addition of paid solar panels is a significant modern upgrade. However, the kitchen and bathroom are notably outdated with tile countertops, older appliances (except for the fridge), and basic fixtures, requiring substantial cosmetic renovations to meet modern standards. While functional, these areas show clear signs of being aged, and the overall systems (beyond solar) are likely older, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Historic Charm & Original Features: The property boasts authentic Craftsman-style architecture with well-preserved original features like built-in shelving, hardwood floors, and a fireplace, appealing to buyers seeking character.
Significant Expansion Potential: A spacious attic spanning the home's footprint with tall ceilings offers excellent opportunities for future expansion or conversion into additional living space.
Energy Efficiency (Paid Solar): The inclusion of paid solar panels provides substantial long-term energy cost savings and environmental benefits.
Desirable Location: Situated in Normandie Heights, the home offers convenient access to local parks, trails, and essential city conveniences.
Low-Maintenance Outdoor Living: A large, low-maintenance patio provides a private and easy-to-care-for outdoor space for relaxation and entertaining.

Cons

Limited Living Space: With only 762 sqft, 1 bedroom, and 1 bathroom, the property offers restricted living space, potentially limiting its appeal to a smaller demographic.
Age-Related System Concerns: Built in 1923, the emphasis on 'original features' suggests potential for outdated systems (plumbing, electrical, HVAC) that may require future investment, despite its charm.
Absence of Modern Comforts: The description does not mention modern amenities such as central air conditioning or updated kitchen/bathrooms, which may be expected by some buyers at this price point.

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