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1817 Wayne Avenue, South Pasadena, California 91030, South Pasadena, 91030 - 3 bed, 2 bath

1817 Wayne Avenue, South Pasadena, California 91030 home-pic-0
ACTIVE$1,699,000
1817 Wayne Avenue, South Pasadena, California 91030
3Beds
2Baths
1,763Sqft
7,250Lot

Price Vs. Estimate

The estimated value ($1,374,662.56) is $324,337.44 (19%) lower than the list price ($1,699,000). This property may be overpriced.

Key pros and cons

Top 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 = 7250, living area = 1763.
Top Cons:
Square Footage Discrepancy & Unpermitted Space: There is a notable discrepancy between the measured 1763 sq.ft. and the tax assessor's 1415 sq.ft., with the bonus den explicitly stated as 'not permitted,' which could lead to buyer uncertainty and potential legal or financial implications.

Compared to the nearby listings

Price:$1.70M vs avg $2.10M ($-402,000)28%
Size:1,763 sqft vs avg 2,129 sqft34%
Price/sqft:$964 vs avg $99543%

More Insights

Built in 1923 (102 years old).
Condition: This 1923 English cottage has been well-maintained and features significant recent updates, including refinished hardwood floors, fresh paint, and updated electrical. The kitchen and bathrooms, while not brand new, appear to have been renovated within the last 5-15 years with modern finishes such as white shaker cabinets, subway tile, and stainless steel appliances in the kitchen, and updated vanities and tiling in the bathrooms. The property is move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for a property extensively renovated within 5 to 15 years, despite its original build year.
Year Built
1923
Close
-
List price
$1.7M
Original List price
$1.8M
Price/Sqft
$964
HOA
-
Days on market
-
Sold On
-
MLS number
P1-18955
Home ConditionGood
Features
Patio
View-

About this home

Back on the market! In time for spring, this house is ready for the next family to call home now! This delightful English cottage is located on a serene,tree-lined street in the highly desirable South Pasadena neighborhood with wonderfulSouth Pasadena schools. This home combines classic elegance withmodern comfort and offers 3 bedrooms, 2 baths, and a cozy bonus den.The spacious, sunlit living room is perfect for relaxation, and the formaldining room is ideal for entertaining. A welcoming front yard with lowwater use garden and complete with a child's swing. The private,fenced backyard offers a tranquil retreat for outdoor leisure andplentiful fruit trees.Recent updates include stunningly refinished hardwood floors andfresh paint both inside and out. Updated electrical, including new aerialto garage and completed termite work on house and garage onNovember, 2024.1763 sq.ft. was measured by PlanLab LA. Tax assessors 1,415 sq.ft. Denis not permitted as per seller. Buyers to do their own investigations withregards to measurements, permits and satisfy themselves in thisregard.

Condition Rating
Good
This 1923 English cottage has been well-maintained and features significant recent updates, including refinished hardwood floors, fresh paint, and updated electrical. The kitchen and bathrooms, while not brand new, appear to have been renovated within the last 5-15 years with modern finishes such as white shaker cabinets, subway tile, and stainless steel appliances in the kitchen, and updated vanities and tiling in the bathrooms. The property is move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for a property extensively renovated within 5 to 15 years, despite its original build year.
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 = 7250, living area = 1763.
Prime Location & Schools: Located in a highly desirable South Pasadena neighborhood on a serene, tree-lined street, offering access to excellent South Pasadena schools, a significant draw for families.
Recent Major Updates: The property benefits from recent significant updates including refinished hardwood floors, fresh interior and exterior paint, updated electrical, and completed termite work in November 2024, reducing immediate buyer concerns.
Charming Architecture & Curb Appeal: A delightful English cottage with classic elegance, featuring a welcoming front yard with a low-water use garden, enhancing its aesthetic appeal.
Functional Layout & Bonus Space: Offers a practical layout with 3 bedrooms, 2 baths, a spacious sunlit living room, a formal dining room, and a cozy bonus den, providing versatile living and entertaining areas.
Private Outdoor Amenities: The property includes a private, fenced backyard with plentiful fruit trees, creating a tranquil retreat for outdoor leisure and enjoyment.

Cons

Square Footage Discrepancy & Unpermitted Space: There is a notable discrepancy between the measured 1763 sq.ft. and the tax assessor's 1415 sq.ft., with the bonus den explicitly stated as 'not permitted,' which could lead to buyer uncertainty and potential legal or financial implications.
Overpriced Relative to Market Estimation: The current list price of $1,699,000 is substantially higher than the property's estimated value of $1,374,662.56, suggesting it may be overvalued in the current market.
Prior Market Performance: The property is 'Back on the market!' and has seen a price reduction from its original list price of $1,800,000, which may indicate previous difficulty in selling or a misjudgment of market value.

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