The highest-priced home sold in October 2019, was 430 S San Rafael Ave Pasadena. This 1917 Mansion was listed for $8,000,000, reduced three months later to $6,888,000, and sold for $6,400,000. The sellers carried the mortgage for this buyer with no bank financing involved. There are several reasons a seller might carry a mortgage. One is to defer capital gains. Another reason is that a buyer may not be able to obtain financing.
430 S San Rafael Ave Pasadena | Marketing
Discover the perfectly preserved 1917 estate of H.A. Fuller. Step inside this remarkable Pasadena mansion, located on the coveted western edge of the Arroyo. From here, enjoy views of the Colorado Bridge and the Vista del Arroyo Hotel. Designed by renowned architect Reginald Davis Johnson, this home captures the elegance of another era.
Yet, the beauty goes beyond its architecture. Every primary bedroom features a fireplace and an en-suite bathroom. In addition, the main rooms offer high ceilings and fireplaces. Meanwhile, the vintage elevator adds another unforgettable touch. It does more than connect the floors. It transports you back in time.
With its timeless design, exceptional craftsmanship, and historic character, this rare Pasadena estate offers an extraordinary glimpse into a bygone era.
Home purchases by international buyers have dropped by over one third since last year. The average price of a home has also slipped during the same period of April 2018 to March 2019. “A confluence of many factors – slower economic growth abroad. Tighter capital controls in China, a stronger U.S. dollar. And a low inventory of homes for sale – contributed to the pullback of foreign buyers,” said Lawrence Yun, NAR chief economist. “However, the magnitude of the decline is quite striking. Implying less confidence in owning a property in the U.S.”
