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Greater Pasadena real estate market trends, valuable news about market conditions, including foreclosure information in Pasadena and surrounding cities plus much more.
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Arcadia Real Estate
There are many homes available for sale in Arcadia California. These properties include houses, condos, townhouses, income and land. Below is a map that allows you to easily view where these houses are located and underneath is a link that will take you directly to the complete information about these homes with photos, virtual tours and complete MLS information.
Pasadena is known for many different types of properties. From single homes to condos and townhouses to duplexes and apartment buildings. The home listings below are some of the income property available in the Multiple Listing Service. The properties are updated every few hours as new income generating homes come up on the real estate market. So bookmark this post and come back to it often if you are looking to invest in Pasadena.
Give Irina a call at 626-629-8439 (or email) if you have any questions regarding your real estate home purchase process or what it takes to invest in the Pasadena income property.
If you are thinking of buying or selling a Pasadena home, condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.
PASADENA VIEWS REAL ESTATE TEAM
Real Estate Agents
Pasadena, California
Interested in more information about Greater Pasadena Area cities, check out our City Guides below:
And, if you are interested in fun activities to do, take a look at our 365 Things To Do In Pasadena® page.
Thinking of selling your home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Southern California Real Estate Market.
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A great neighborhood right next to the South Lake Avenue District. It has a strong neighborhood association and has an annual 4th of July parade and other family oriented activities.
The neighborhood was laid out in the 19th century, and the oldest house still standing dates from 1890. Some of the origins of our street names go back to this era. The most prominent is El Molino Avenue, named for Col. E. J. C. Kewen's El Molino Ranch with its "old mill of the padres."
Euclid Avenue was opened in 1885 by C. M. Skellen who took the name from Euclid Avenue in Cleveland, Ohio. Glenarm Street was named by Thomas Banbury after his wife's hometown in Canada. Los Robles Avenue was named after Governor George Stoneman's ranch which was at the southern extremity of the road. Oakland Avenue originally did not extend south of California. It was named after the City of Oakland and the street was also lined with oak trees. The section of the street in Madison Heights was originally called Eastern Avenue.
The original "Madison Avenue Heights" subdivision consisting of 63 lots was opened in July, 1906. Lots were priced from $1,500 and carried a stipulation that homes to be built should cost at least $3,000.
The Madison Heights neighborhood was largely developed between 1910 and 1917. It consisted of family homes of professional people. A number of architects and contractors who worked in the neighborhood also lived here. Many early residents subdivided their lots to build homes for their grown children. To this day, it's common for multiple generations of a family to own separate homes in the neighborhood.
Read More: Everythng You Wanted to Know about Pasadena Neighborhoods
1130 S. Marengo Ave.
At the southern border of Madison Heights, this adobe structure is currently a Pasadena Public Library branch as well as a school library for Allendale Elementary School. Built as an isolation hospital for patients with infectious diseases, it became a library in 1951.
885 S El Molino Ave.
This Craftsman home was designed by Arthur S. Heineman.
675 S. Madison Ave.
You can call this craftsman Pasadena home, a grandbaby of the original Blacker House in Oak Knoll. This one was built a few years later.
Read More: Pasadena's Oak Knoll Neighborhood
If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me or call me at (626)629-8439. Thank you!
Interested in more information about Greater Pasadena Area cities, check out our City Guides below:
And, if you are interested in fun activities to do, take a look at our 365 Things To Do In Pasadena® page.
Thinking of selling your home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Southern California Real Estate Market.
Last week, I shared with you an article by Joanna Beresford who writes a weekly real estate column for Pasadena Weekly.
Joanna and I met last week when she contacted me about another article that she was doing about Pasadena short sales. We took a couple of hours to go out and preview some of the homes for sale and had an opportunity to get to know one another.
So without further ado and with much fanfare, here's this week's Pasadena Weekly's articles on Pasadena Short sales with a few memorable mentions of me. How fun! Enjoy!!!
By Joanna Beresford 06/26/2008
Last week's CMA Report listed 20 single-family residences available as short pay properties in the city of Pasadena, more commonly referred to as short sales. Offered at prices ranging from $279,000 to $869,000, most of those homes have been on the market for about 100 days. The newest house on the list was built in 1984; most date from the first half of the last century, and the oldest place was constructed in 1886.
I visited the latter home recently, where I swear, when I put my hands on an original door frame and closed my eyes, I could almost hear the conversations and feel the vibrations of people who've passed through those rooms for the past 122 years. This was a slightly melancholy place. The previous owners have left behind neat piles of clothing, children's toys, even family photos. I studied a picture of a mother and her two handsome boys for a while. They looked very proud and confident. Maybe they're coming back for these belongings, or maybe they had to leave them behind.
Irina Netchaev, a broker with Keller Williams Realty, guided me through several short sale properties. She's great at making lists and she offered me, at the outset of our tour, an overview of the short sale process in list format:
1. Seller contacts a Realtor for help
2. Seller completes a hardship package
3. Short sale application along with hardship
package is submitted to the bank (or banks) for review
4. Bank reviews for completeness, orders valuation and assigns to a negotiator
5. Negotiator begins the initial review and contacts Realtor and homeowner
6. Property valuation performed according to investor guidelines
7. Mortgage insurer and investor approval gained and additional liens negotiated by Realtor
8. Application decision is made and a decision letter mailed.
This list applies to sellers, obviously. Potential buyers should consult a lender and determine what they are comfortable with paying for a home. Buyers can research the market to some extent on their own and then should contact a real estate professional who can help them find the perfect home.
Many agents don't want to bother with short sale properties because, ironically, the process can be LONG and arduous, compared to a more conventional transaction. Netchaev considers it an obligation to present buyers and sellers with all options, so she's become adept at negotiating the ins and outs of the short sale procedure.
"The first question I ask a potential seller is, 'what are you trying to accomplish with this sale?'" says Irina. "And what helps me as the Realtor is education. So many of us aren't trained properly, and I've found it invaluable to me and my clients that I'm familiar with trends, listings, timing, and aspects of the community."
Here's another list and this one I made up all by myself - Five Reasons Why I Admire
Irina Netchaev:
1. She's got the most delicious Russian accent
2. She has a spiffy GPS system in her car
3. She's smart, honest and funny
4. Her husband is a former Russian hockey player and mentor
to hundreds of other athletes (not relevant, maybe, but interesting!)
5. She's pretty and extremely graceful
In 1886 (by the way, the year the oldest short sale house was built), Pasadena incorporated as a city. I've been told that the main reason residents sought incorporation was so they could get rid of the local saloon. In the next decade sewers, paved streets, and electric lighting were installed.
Educational facilities expanded, the Shakespeare Club and Grand Opera House opened, and the Pasadena Street railroad opened.
And here's this house, redolent of all that history, that just needs a little love and refurbishment. The city of Pasadena, like every community, rides the thrilling roller coaster of good times and bad, but certain universal truths prevail: we all want to go home, and somewhere out there is a home for everyone.
Joanna Dehn Beresford is a former teacher, nanny, actress, rock star, farm girl, waitress and clerk. She can be reached at truewrite@yahoo.com
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