The highest-priced home sold in September 2019 was 1150 S Oak Knoll Ave Pasadena. This Estate was initially listed for $3,250,000, reduced a month later to $2,999,950, and sold for $3,000,000. The sellers originally purchased this home in 1974 for $85,000.00.
1150 S Oak Knoll Ave Pasadena
This grand dame is resting on a knoll at the end of an elegant semi-circular drive in one of Pasadena’s premier neighborhoods, a stately reminder of a simpler time. Custom built in 1915, this treasure boasts many original architectural details, inside and out. Gracious living and easy entertaining define the home’s design, showcasing high ceilings, hardwood floors, and generously sized rooms. The dining room and the living room flank the formal entry, while glass doors open from the family room to the backyard. A sun-filled breakfast room, butler’s pantry, kitchen, and laundry flow from the dining room. The main level is two small bedrooms (perfect for office and craft space) and a bath.
Upstairs offers a large master suite, three additional bedrooms, two baths, and an old-fashioned sleeping porch. An ample attic space offers the potential for additional living space, kids’ hangout space, or a home gym.
Home purchases by international buyers have dropped by over one-third since last year. The average price of a home has also slipped from 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.” Read the rest here
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