515 S Madison Avenue 3, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 3 bath
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Pasadena, California 91101
This Turnkey Pasadena Townhome is a Strong Value Opportunity, listed at $875,000—positioned well below the $879,092 Fair Market Value by 0.47%. This property offers $4,092 in Instant Equity. Featuring an Excellent Condition Rating, the unit includes hardwood floors, a marble-faced fireplace, and a private enclosed patio. Its prime location near Caltech and the South Lake district ensures high lifestyle convenience. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a polished, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 S Madison Avenue 3 Subject | $875,000* List Price | 2 | 3 | 1,373 | $640 | - |
A 394 S Los Robles Avenue 2 Sold | $900,000 | 2 | 3 | 1,334 | $675 | 0.2 mi |
B 511 S El Molino Avenue 6 Sold | $900,000 | 2 | 3 | 1,158 | $777 | 0.1 mi |
C 511 S El Molino Avenue 2 Sold | $892,000 | 2 | 3 | 1,158 | $770 | 0.1 mi |
D 484 S Euclid 107 Sold | $949,995 | 3 | 3 | 1,698 | $559 | 0.2 mi |
E 384 E Del Mar Boulevard Active Under Contract | $1,050,000 List Price | 2 | 3 | 1,674 | $627 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1987, the property has been tastefully updated with hardwood floors, a marble-faced fireplace, and a modernized kitchen featuring a contemporary hood and cabinetry. The interior condition is well-maintained and move-in ready, reflecting a renovation likely within the 5-15 year range.
Situated on a desirable tree-lined street, this property offers exceptional walkability to Caltech, the South Lake shopping district, and the Metro, providing high lifestyle convenience.
The lower level features a rare bonus room ideal for a home office or gym, plus a dedicated storage room with a mop sink, maximizing the utility of the 1,373 square foot layout.
Both upstairs bedrooms are designed as primary suites with vaulted ceilings and private bathrooms, offering a high level of privacy and comfort for residents or guests.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The monthly HOA fee of $675 is relatively high for a townhouse of this size, which may impact the overall affordability and debt-to-income ratio for some buyers.
While the unit includes a private enclosed patio, the lack of a yard or significant views may be a drawback for buyers seeking more expansive outdoor living areas.
Prime Pasadena townhome in a beautifully maintained complex! This updated, clean, and tastefully finished unit sits on a tree lined street, blocks from Caltech, the South Lake district, the Metro, and major freeways. The spacious living room offers hardwood floors, a marble-faced fireplace, and sliding doors that lead to a private enclosed patio. The light-filled dining area features bar seating that opens to the kitchen, which offers abundant storage and comes fully equipped with all appliances. A conveniently located powder room offers easy access for guests on the main level.Upstairs, two generous en-suite bedrooms feature vaulted ceilings, large closets, and tasteful bathrooms. A centrally located hallway closet houses the washer and dryer for added convenience. The lower level includes a BONUS room perfect for a home office/gym, an additional storage room with a mop sink, and direct access to the two car garage. A rare blend of location, comfort, and thoughtful space planning makes this townhome an exceptional Pasadena offering.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,373 | 1,268.5 | 60% |
| Lot Size | 13,231 | 23,516 | 30% |
| Price | $875.0K | $883.5K | 50% |
| Price per sq ft | $637 | $639 | 50% |
| Built year | 1987 | 1988 | 50% |
| HOA | $675.0 | $470 | 80% |
| Days on market | 10 | 148 | 10% |
May 27, 2026
$875,000
Initial Listing
Oct 14, 2022
$862,000
Public Record
May 8, 2012
$507,500
Public Record
Nov 23, 2004
$475,000
Public Record
Aug 7, 1998
$210,000
Public Record