940 N Summit Ave Pasadena, CA 91103

$1,225,000 Sold Price as of 05/21/2020

6 Beds
3 Baths
1,826 Sq.Ft.

Off Market

$1,225,000 Sold Price as of 05/21/2020 Refinance Your Mortgage

Map preview of 940 N Summit Ave, Pasadena, CA 91103

Property Overview: 940 N Summit Ave Pasadena, CA has 6 bedrooms, 3 bathrooms, 1,826 living square feet and 10,017 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

940 N Summit 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 940 N Summit Ave

Last sold for $1,225,000 on May 21st, 2020

May, 2020
May 22, 2020

Date

Sold

CRMLS: 19524372

$1,225,000

Price
Mar 4, 2020

Date

Pending

CRMLS: 19524372

$1,225,000

Price
Oct 26, 2019

Date

Active

CRMLS: 19524372

$1,225,000

Price
Listing provided courtesy of CRMLS

We are proud to present the unique opportunity to own a turn-key 3-unit property located at 940 N Summit Avenue in Pasadena, California. The offering sits on a huge 10,017 SF lot with 1,826 SF of building area and is comprised of a great mix of all 2-bed/1-bath units.The property has been meticulously rehabbed throughout with a brand new roof, new landscaping, drip system, new a/c and heating, new kitchens, cabinets, stainless steel appliances, flooring, windows & doors, bathrooms, showers, etc.The property will be delivered with 2 vacant units that are completely rent ready allowing an investor to either owner-occupy or rent to tenants of their choosing at market rents. Since the property has less than 5 units, an investor can lock in a 30-year fixed-rate residential loan with today's very low interest rates (even more favorable if one chooses to owner occupy).

Continue Reading
May, 2020
May 21, 2020

Date

Sold (Public Records)

Public Records

$1,225,000

Price
July, 2016
Jul 1, 2016

Date

Sold (Public Records)

Public Records

$615,000

Price

Tax History for 940 N Summit Ave

Assessed Value (2020): $652,642

Year	Land Value	Improved Value	Assessed Value
2020	$530,604	$122,038	$652,642

About 940 N Summit Ave

Detailed summary of property

940 N Summit Ave is categorized with a use code of Triplex (3 Units, Any Combination) in Pasadena, CA 91103 and last sold on May 21, 2020 for $1,225,000. This property has 6 bedrooms, 3 bathrooms, roughly 1,826 living square feet, and sits on an approximately 10,017 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 2.08% higher than the current median priced home. 940 N Summit Ave was last sold on May 21, 2020 for $1,225,000. Local nearby listings include 689 E Orange Grove Blvd, 1054 Seco St #102 and 297 Del Monte St. 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 940 N Summit Ave Pasadena, CA 91103 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 940 N Summit Ave

Public county record property details

Beds: 6
Baths: 3
Year built: 1963
Sq. Ft.: 1,826
Lot Size: 10,017
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14
APN: 5729-016-016

The source for these homes facts are from public records.

91103 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,049,000

Median List Price/Sq.Ft.

$840

Median Sold Price

$1,565,000

Median Sold Price/Sq.Ft.

$696

Total Inventory

Median Sale to List Price %

130.53%

Avg Days on Market

Loan Type

Conventional (23.08%), FHA (0%), VA (0%), Cash (53.85%), Other (7.69%)

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