tomo logo

$5,998,000

Beds
9
Baths
8.75
sq ft
6,631

1298 S El Molino Ave, Pasadena, CA 91106

1298 S El Molino Ave

Pasadena, CA 91106

  • 52 days on market
    • Price drop $500,000↓
Lovely Pasadena Estate! If casual elegance is what you’re looking for in a home, then look no further than this lovely estate! Located in the prestigious Langham Huntington Hotel District, this impressive property features a stunning 7-Bed/8-Bath main house (5,669SF), and charming 2-Bed/2-Bath Guest House (962SF). The expansive outdoors includes a large, covered loggia, inviting pool and spa, BBQ area, and outdoor shower. All of this is tucked into a private half-acre of well-manicured gardens and lawn. The home is loaded with upgrades including a sleek gourmet kitchen, equipped with Miele appliances. Did someone say Expresso machine? A wide, Craftsman inspired staircase leads to the upstairs and 6 of the 7 bedrooms including the primary suite, where a steam shower and sitting area are sure to help unwind after a long day. There is also a finished basement (559SF) ready to be used as a game room or converted to whatever your heart’s desire. The garage is 698 SF (T) and includes a half-bath. Throughout the home, dual pane windows let in an abundance of natural light. Additionally, there are 3 sets of French doors that open from the formal dining room to the loggia. Perfect for entertaining.

Details

Property type

Single Family Residence

Est. home value

$5,853,494

Lot size

0.5047 acres

Price per sq ft

$905

Year built

1912

HOA

No

Price History

11/09/2024
CRMLS

CRMLS #AR24199784

Price change
$5,998,000
-7.69%
10/02/2024
CRMLS

CRMLS #AR24199784

Listed
$6,498,000
+31.67%
10/28/2021
CRMLS

CRMLS #OC21150059

Sold
$4,935,000

Schools & Community

Neighborhood: 

South

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

High school district: 

Pasadena Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,297,855
Asking price
$5,998,000
Closing costs (~8% of asking)
-$479,840
Est. remaining loan balance
-$3,220,305
Cash to seller
$2,297,855

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

October 2021

Original loan amount

$3,454,500

Est. remaining balance

$3,220,305

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Douglas Bravo and Clare Bravo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 4:30 PM

Listing updated: 11/08/2024 at 7:45 PM

Listed by: Andrew Loeffler, Re/Max Premier Prop SanMarino Phone #: (626) 660-1100

MLS: CRMLS #AR24199784

CRMLS logo

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