3301 Grayburn Road, Pasadena, California 91107, Pasadena, 91107 - bed, bath
ACTIVE$1,750,000
3301 Grayburn Road, Pasadena, California 91107
0Bed
0Bath
3,125Sqft
7,217Lot
Year Built
1938
Close
-
List price
$1.75M
Original List price
$1.99M
Price/Sqft
$560
HOA
-
Days on market
-
Sold On
-
MLS number
AR25004491
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.75M(61th), sqft - 3125(88th), beds - undefined(4th), baths - undefined(4th).
This is a great opportunity for anyone looking in Pasadena.
Nearby schools
5/10
Willard Elementary School
Public,•K-5•0.2mi
9/10
Carver Elementary School
Public,•K-5•1.0mi
7/10
Hugo Reid Elementary School
Public,•K-5•1.2mi
7/10
Field (Eugene) Elementary School
Public,•K-5•1.6mi
8/10
Emperor Elementary School
Public,•K-6•1.7mi
8/10
Cloverly Elementary School
Public,•4-6•3.0mi
4/10
Woodrow Wilson Middle School
Public,•6-8•0.2mi
8/10
Oak Avenue Intermediate School
Public,•7-8•1.6mi
9/10
Huntington Middle School
Public,•6-8•2.4mi
9/10
Foothills Middle School
Public,•6-8•3.4mi
10/10
San Marino High School
Public,•9-12•1.3mi
5/10
Pasadena High School
Public,•9-12•1.6mi
9/10
Temple City High School
Public,•9-12•1.9mi
9/10
Arcadia High School
Public,•9-12•2.6mi
Condition Rating
Poor
The property was built in 1938, making it 86 years old. The listing description is extremely sparse and makes no mention of any renovations or updates to the interior, kitchen, or bathrooms. Only a single exterior image is provided, which shows an older home that appears structurally sound but does not indicate recent modernization. For a home of this age without any specified updates, it is highly probable that major systems (plumbing, electrical, HVAC) are original or very outdated and would require substantial repairs and rehabilitation to meet current standards. The lack of interior photos, particularly of key areas like the kitchen and bathrooms, suggests these areas are likely in original or very dated condition, necessitating significant renovation. The generic description 'great opportunity' often implies a property that requires considerable work.
Pros & Cons
Pros
Great Schools: Elementary School: Carver Elementary School (9/10). Middle School: Foothills Middle School (9/10). High School: San Marino High School (10/10).
Generous Interior Space: At 3125 sqft, the property offers substantial living area, exceeding many comparable homes in the area, providing ample room for various living arrangements.
Desirable Pasadena Location: Situated in Pasadena, a highly sought-after city, indicating strong market appeal, a reputable address, and potential for long-term appreciation.
Good Lot Size: The 7217 sqft lot provides a respectable amount of outdoor space, a valuable asset for recreation, gardening, or potential expansion in an urban/suburban setting.
Established Neighborhood Character: A 1938 build often signifies a mature, well-developed neighborhood with a distinct character, tree-lined streets, and a sense of community.
Access to Highly-Rated Schools: Proximity to several top-rated public schools (e.g., Arcadia High, San Marino High, Foothills Middle, Carver Elementary) is a significant draw for families, enhancing the property's appeal.
Cons
Significant Overpricing Relative to Estimated Value: The current list price of $1.75M is considerably higher than the estimated value of $1.066M, suggesting a substantial valuation gap (-39% estimation ratio) and potential difficulty in attracting offers or securing financing. The prior price reduction from $1.988M reinforces this pricing challenge.
Lack of Mentioned Modern Updates/Amenities: The generic property description provides no details on renovations or modern features (e.g., updated kitchen, baths, HVAC, dual-pane windows, pool, solar panels) that are present in many comparable properties, implying potential for significant buyer investment to meet current market expectations.
Older Infrastructure Concerns: As a 1938 build with no specified upgrades, the property likely has older systems (plumbing, electrical, HVAC) that may require immediate or future costly replacements, increasing the total cost of ownership for a prospective buyer.