The highest-priced home sold in January 2020 was 695 Columbia Street, Pasadena. This home had been on the market since October of 2018, initially listed for $5,200,000. We saw this one on Broker’s Caravan, and while it was beautiful, it was overpriced for having just three bedrooms in over 6,000 square feet. After 125 days on the market the sellers dropped the asking price to $4,950,000. After another 43 days, they reduced the price by another $250,000. Then, 44 days later, another $200,000 to $4,500,000. At this time, they opened escrow. Unfortunately, this luxury Pasadena home fell out of escrow, and the sellers again dropped the price, this time to $4,150,000. It was reduced again in three and a half months to $3,750,000, at which price it ultimately sold.
After 430 days, this home sold for $1,450,000 less than the initial asking price.
Marketing for 695 Columbia Street, Pasadena:
Designed in 1916 by internationally renowned architect Bertram Goodhue, this extraordinary home is a true Pasadena treasure. Even more impressive, it is the only private residence Goodhue designed in Pasadena.
Inspired by romantic Spanish Baroque architecture, the home showcases timeless design and exceptional craftsmanship. Elegant Palladian windows fill the interior with natural light. Meanwhile, soaring ceilings create a feeling of openness. In addition, private gardens surround the public rooms and blend indoor and outdoor living.
Although rich in history, the home offers upgraded systems and modern conveniences. Above all, this residence is more than a home. It is both a work of art and an important piece of Pasadena history.
The sellers originally purchased this architecturally significant home in 1992 for $1,475,000. Proving once again that over time, real estate is a great investment.
