497 S El Molino Avenue 102, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
ACTIVE$555,000
497 S El Molino Avenue 102, Pasadena, California 91101
2Beds
2Baths
968Sqft
25,757Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Situated in the heart of Pasadena, offering unparalleled convenience to vibrant dining, shopping districts (South Lake, The Paseo, Old Town), and the prestigious California Institute of Technology.
Top Cons:
High Monthly HOA Dues: The association fee of $657.49 is substantial, which could impact affordability and buyer interest despite utility inclusions.
Compared to the nearby listings
Price:$555.0K vs avg $762.5K ($-207,500)17%
Size:968 sqft vs avg 1,021 sqft41%
Price/sqft:$573 vs avg $69819%
More Insights
Built in 1972 (53 years old).
Condition: Built in 1972, this condo is 52 years old. While the description notes 'newer granite countertop' in the kitchen, the images reveal very dated cabinets and an old-fashioned fluorescent ceiling light panel, indicating that this was a minor update rather than a full renovation. The overall aesthetic, including popcorn ceilings and laminate flooring, is significantly outdated. Bathrooms are not pictured, suggesting they are also likely original or very old. The property appears clean and well-maintained for its age, but requires substantial cosmetic updates to meet modern standards, fitting the 'Fair' criteria of being aged, maintained, but with major components showing signs of being outdated.
Year Built
1972
Close
-
List price
$555K
Original List price
$600K
Price/Sqft
$573
HOA
$657.49
Days on market
-
Sold On
-
MLS number
P1-20744
Home ConditionFair
Features
Patio
View-
About this home
This delightful single level condo in the heart of Pasadena offers a warm and inviting atmosphere along with exceptional convenience. The vibrant restaurants and shops on South Lake, The Paseo, Old Town, along with the renowned California Institute of Technology are within easy reach. Inside you will find a spacious living room that flows seamlessly to the dining room, two bedrooms including a primary suite and both with sliding doors to a patio. Newer granite countertop in the kitchen, two parking spaces, storage unit and community laundry. HOA includes utilities.
Condition Rating
Fair
Built in 1972, this condo is 52 years old. While the description notes 'newer granite countertop' in the kitchen, the images reveal very dated cabinets and an old-fashioned fluorescent ceiling light panel, indicating that this was a minor update rather than a full renovation. The overall aesthetic, including popcorn ceilings and laminate flooring, is significantly outdated. Bathrooms are not pictured, suggesting they are also likely original or very old. The property appears clean and well-maintained for its age, but requires substantial cosmetic updates to meet modern standards, fitting the 'Fair' criteria of being aged, maintained, but with major components showing signs of being outdated.
Pros & Cons
Pros
Exceptional Location: Situated in the heart of Pasadena, offering unparalleled convenience to vibrant dining, shopping districts (South Lake, The Paseo, Old Town), and the prestigious California Institute of Technology.
Single-Level Accessibility: A desirable single-level floor plan enhances accessibility and broadens appeal to various buyer demographics.
Comprehensive HOA Inclusions: The HOA fee covers utilities, providing predictable monthly costs and simplifying budgeting for the homeowner.
Valuable Parking & Storage: Includes two dedicated parking spaces and a separate storage unit, highly sought-after amenities in an urban setting.
Private Outdoor Space: Both bedrooms feature sliding doors leading to a private patio, offering desirable outdoor living space.
Cons
High Monthly HOA Dues: The association fee of $657.49 is substantial, which could impact affordability and buyer interest despite utility inclusions.
Community Laundry Only: The absence of in-unit laundry and reliance on community facilities may be a significant inconvenience for many prospective buyers.
Building Age & Limited Updates: Built in 1972, the property's age, coupled with only a 'newer granite countertop' mentioned, suggests potential for further updates needed in other areas (e.g., bathrooms, flooring, systems) to meet modern buyer expectations.