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953 South Marengo Avenue

953 South Marengo Avenue, Pasadena, CA 91106
Property in Raymond Hill
Sold Jul 11, 2017
$1,700,000
$935,000 by First Republic Bank
Mortgage
Sold Feb 29, 2008
$1,095,000
$490,000 by Banco Popular North America
Mortgage
Local assessors in Pasadena, CA have categorized 953 South Marengo Avenue as a residential type of property. The home was built in 1946 and is 78 years old. The property's lot size has been calculated to be 11,887 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 7 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. There are also 5 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 953 South Marengo Avenue has a total of 3,722 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 953 South Marengo Avenue sold most recently in May 25, 2017 for a total of $1,700,000. If you work out the math, that's approximately a cost of $456.74 per sqft. Before that, the property was also sold for $1,095,000 in Jan 24, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $21,175 in taxes each year. 953 South Marengo Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,859,197. If we break it down further, the land itself was valued at $1,301,438. Improvements to the property, however, were assessed at a total of $557,759. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 3
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,887
  • Total Building Area: 3,722
  • Gross Building Area: 3,722
  • Building Area: 3,722
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,722
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTH MARENGO BOULEVARD TRACT
  • Land Acres: 0.273
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: SOUTH MARENGO BLVD TRACT S 33 FT EX OF ST OF LOT 7 AND N 34.12 FT EX OF ST OF LOT/SEC 8

Ownership

  • Current Owner : M B EQUITY LLC
  • Previous Owner : MARRONE FRANK R
  • Previous Owner 2: MARRONE TRACY
  • Owner Before Previous Owner: SCHNIEDERS JIM
  • Owner Before Previous Owner 2: THE EVELYN RUTH ZILLGITT TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Pasadena Unified School District
  • Census Tract: 464000

Zoning

  • Zoning: PSR*

Geography

  • Assessors Map Reference: 27-A6
  • Subdivision Tract Number: S
  • Parcel: 5720-017-007
  • Lot: 7
  • Municipality: EAST /PAS W/S OF 210
  • Latitude: 34.1293
  • Longitude: -118.146

    Address

  • Full Address: 953 S Marengo Ave
  • Address - House Number: 953
  • Street Direction: S
  • Address - Street Name: Marengo
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Pasadena
  • Carrier Code: C070
  • 4-Digit Zip Code: 4253
  • Zip Code: 91106

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,175
  • Tax Rate Code Area: 07-500

    Appraisal Valuation

  • Standard Deviation: 0.3281
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 34
  • Final Value: 1,767,496
  • High Value: 2,347,484
  • Low Value: 1,187,507

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $935,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jul 11, 2017
  • First Open Lien Mortgage Loan Amount: $935,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,859,197
  • Assessed Land Value: $1,301,438
  • Assessed Improvements Value: $557,759

    Sales

  • Current Sale Contract Date: May 25, 2017
  • Current Sale Recording Date: Jul 11, 2017
  • Current Sale Transaction ID: 1589656158
  • Current Sale Price: $1,700,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0769767
  • Previous Sale Recording Date: Feb 29, 2008
  • Previous Sale Contract Date: Jan 24, 2008
  • Previous Sale Amount: $1,095,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Jul 11, 2017
  • First Mortgage Loan Amount: $935,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: BANCO POPULAR NORTH AMERICA
  • Previous Mortgage Transaction Date: Feb 29, 2008
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $490,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Southeast Pasadena



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Frequently Asked Questions

What neighborhood is 953 South Marengo Avenue located in?
The 953 South Marengo Avenue is a located in the neighborhood of Raymond Hill in Southeast Pasadena, Pasadena.
What is the average sales price for listings in 953 South Marengo Avenue?
The average sales price for units in 953 South Marengo Avenue is $0 currently.

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