Pasadena CA Real Estate

There were three San Marino homes on the Real Estate Broker’s Open House tour today.  Two of the homes were luxury estates over $3 million and one home was a San Marino home that has been on the real estate market for awhile and just had a price reduction.

Let’s start with the home that just had a price reduction.  It’s a 4 bedroom, 3 bath home on 1635 Rubio Drive.  This home was originally listed at $1,790,000 and in my opinion was extremely overpriced.  It has a lot of deferred maintenance, doesn’t show well – was not prepared for sale nor has care been taken to prepare it for any showings including previous broker open houses.  All in all, it is not a surprise that the price was reduced to $1,499,000.  This home has been on the San Marino real estate market for 118 days as of today.  It is currently priced at $557 square feet and definitely falls into my “San Marino dusty deals“ category where the seller most likely will be willing to negotiate a bit more to move this property.  

New Home Listings this week:  Luxury San Marino estates

As discussed on this real estate blog previously, San Marino’s luxury price point starts around $3 million.  A luxury home buyer in San Marino can expect an estate with a minimum of:

• 5 or more bedrooms with more than 5,000 sq. ft.
• An estate on a large lot
• A pool and a spa
• A guest house
• Location North of Huntington Drive
• Gourmet kitchen

1.  950 Roxbury Road in San Marino  -  Asking Price $3,650,000

This is a really lovely English Tudor situated on almost 2/3 of an acre.  This home is 5 bedrooms and 5 baths with over 5,300 sq. ft.  I loved the floor plan and felt there was quite a bit of light coming into the home for a Tudor.  The grounds were absolutely beautiful with a rose garden, outdoor entertaining area, a 50 foot pool and a very charming guest house.  This estate was nicely updated and has a three car garage.  A couple of drawbacks included its location – South of Huntington Drive and close to Alhambra and this was by far the grandest home on Roxbury Road.  $677 per sq. ft. seemed a bit high for the San Marino market right now.  September San Marino home sales closed at $625/sq. ft. on average.

2.  660 Lombardy Place, San Marino – Asking Price $3,650,000

A Monterey Colonial Revival built by famed architects, Marston, Van Pelt and Maybury in 1927.  This luxury home has 6 bedrooms and 7 baths with over 5,400 sq. ft. and sits on over 25,000 sq. ft. lot.  This San Marino home has a guest house and a 4-car garage, a salt water pool and spa.  This hoem exhudes tranquility and peace.  It’s priced at $621 per sq. ft.  This San Marino home is located North of Huntington Drive, but only 1 block away from San Gabriel Blvd.

 SEARCH HOMES FOR SALE IN SAN MARINO

Posted by Irina Netchaev, Real Estate Agent

Related Posts:

• Home Buys around Pasadena and San Marino
• San Marino Luxury Real Estate – August Million Dollar Sales
• San Marino Luxury Estates – September Million Dollar Sales
• Palisades Highlands – Townhome for Sale – Minutes from the Beach
• San Marino Real Estate Market Statistics for October 2008