340 S Madison Ave Pasadena, CA 91101

$2,025,000 Sold Price as of 04/04/2018

5 Beds
8 Baths
6,402 Sq.Ft.

Off Market

$2,025,000 Sold Price as of 04/04/2018 Refinance Your Mortgage

Map preview of 340 S Madison Ave, Pasadena, CA 91101

Property Overview: 340 S Madison Ave Pasadena, CA has 5 bedrooms, 8 bathrooms, 6,402 living square feet and 20,020 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

340 S Madison Ave is currently an off market home in the city of Pasadena. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Pasadena has a median list price of $1,250,000. The median price per/sqft for Pasadena is $756. With those numbers in mind, if you are looking to purchase a median priced home in Pasadena, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Pasadena the commission could be as much as $60,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Pasadena Agent

Sale History for 340 S Madison Ave

Last sold for $2,025,000 on April 4th, 2018

April, 2018
Apr 4, 2018

Date

Sold

CRMLS: 18307414

$2,025,000

Price
Jan 26, 2018

Date

Active

CRMLS: 18307414

$3,200,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a vacant 6,402 SF building sitting on a 20,020 SF lot in Prime Pasadena. The offering consists of a 4 legal units plus 2 units non-conforming. The 4 legal units are as follows: 3 extremely spacious 1 bedroom 1 bathroom units upstairs and 1 very spacious 2 bedroom 2 bathroom unit downstairs. Units feature large kitchens, living rooms and fireplaces. The 2 non-conforming units are as follows: 1 studio 1 bathroom unit and 1 one bedroom one bathroom unit both with private entrances. The offering is ideally situated near The California Institute of Technology, Pasadena City College, The Shops On South Lake Avenue and ample dining and entertainment. In addition, the subject property is zoned RM-32 which offers the added opportunity for an investor to build up to 15 units by right. (Buyer to verify with the City of Pasadena.)

Continue Reading
April, 2018
Apr 4, 2018

Date

Sold (Public Records)

Public Records

$2,025,000

Price

Tax History for 340 S Madison Ave

Assessed Value (2020): $2,106,830

Year	Land Value	Improved Value	Assessed Value
2020	$1,685,448	$421,382	$2,106,830

About 340 S Madison Ave

Detailed summary of property

340 S Madison Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Pasadena, CA 91101 and last sold on April 4, 2018 for $2,025,000. This property has 5 bedrooms, 8 bathrooms, roughly 6,402 living square feet, and sits on an approximately 20,020 square foot lot. Homes in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 68.75% higher than the current median priced home. 340 S Madison Ave was last sold on April 4, 2018 for $2,025,000. Local nearby listings include 221 S Oak Knoll Ave #104, 399 E Del Mar Blvd #313 and 355 S Los Robles Ave #242. The average home in Pasadena, CA is selling in 59 days. There are currently 326 homes for sale in the Pasadena real estate market and 172 of them are single family homes while 118 of them are condos and 36 are townhomes. If you are the homeowner and looking to sell the home at 340 S Madison Ave Pasadena, CA 91101 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 340 S Madison Ave

Public county record property details

Beds: 5
Baths: 8
Year built: 1905
Sq. Ft.: 6,402
Lot Size: 20,020
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 12,13
APN: 5734-016-008

The source for these homes facts are from public records.

91101 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$800,000

Median List Price/Sq.Ft.

$730

Median Sold Price

$800,000

Median Sold Price/Sq.Ft.

$798

Total Inventory

Median Sale to List Price %

99.01%

Avg Days on Market

Loan Type

Conventional (45.45%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote