Last month the most expensive Pasadena home sale was 3120 Lombardy Rd. This 4 bedroom three bath home is not quite 2,800 square feet and sited on nearly ½ acre. Although, this single level California ranch style home may not personify luxury real estate, it sold for $2,300,000 – $320,000 over its asking price. Likely it being in the San Marino school district made a huge impact.
MLS remarks read: Situated on a large, flat parcel in desirable southeast Pasadena adjacent San Marino, this attractive one level traditional home has a great floor plan for indoor / outdoor living & award winning San Marino Schools. A tiled entry opens directly to the step down living room w/ fireplace & French doors to the back terrace, pool & garden. The elegant formal dining room is convenient to the kitchen. The efficient gourmet kitchen has attractive wood cabinetry & a dramatic dome skylight as well as a breakfast area. To the west, beyond, is a spacious bedroom currently shown as an office w/ bath, a laundry room w/ exterior access to the driveway & the comfortable family room w/ fireplace & custom built-ins. The east wing has 2 bedrooms that share a bath & a large master suite w/ 3 closets & a master bath which overlooks its own private garden. Features include security system, mature fruit trees, terrace w/ fire pit, spacious lawn play area & detached 3 car garage. Trust sale, sold AS IS.
In Los Angeles, the median home price is $481,900 – (think Sunland, Tujunga, Van Nuys, El Sereno, and Sun Valley). A 20% down payment is $96,380 and the monthly payment about $2,220.