Estates Pasadena: Phase I of New Luxury Homes Completed

Estates Pasadena is a new development community in Northwest Pasadena at Sierra Madre Villa Avenue and Sierra Madre Boulevard. The French Provincial, English Tudor, and Cape Cod architecturally designed two story luxury homes range between 2,900-3,500 square feet, with either 4 or 5 bathrooms and up to 4.5 baths.

In previewing the model homes it appears that high quality materials were used with attention to detail. Each home features a formal foyer, pre-wired security systems, high-speed internet connections, cable television connections installed in all bedrooms and family rooms, as well as family room media areas that are pre-wired for built-in speaker systems. The back yard patio areas are being prepared with connection for barbeques, and indoors include custom cabinetry, high-energy efficient insulation, dual glazed windows, with many of the floor plans built with vaulted or two-story ceilings.

For those looking for a move in condition luxury home done in an old world style, but with all modern amenities, it would be a housing community definitely worth considering moving into.

Pasadena Luxury homes and estates for sale.

Erica Swanson
Ramiro Rivas & Associates
Coldwell Banker- Pasadena

www.RivasEstates.com

Pasadena Farmer's Market

Enjoy Fresh Local Fruits, Vegetables and Farm Products! If you have never been to Pasadena's Farmers' Market, you are in for a real treat. You'll love the experience of buying directly from the farmer that grows the food. What you'll love even more is the fresh, delicious taste of locally grown, nutritious fruits, vegetables and farm products.
Their certified vendors only sell what they grow--or, to say it another way, they won't sell you anything that they did not grow. You know where your food came from, and who grew it for you!

They also have other vendors offering jams, jellies, fish, and more, but we do not
permit craft vendors. There are usually about 40 vendors at Victory Park on Saturdays.
The market is cash only, and we accept EBT (Electronic Benefit Transfer). We are open rain or shine Saturdays 8:30am - 12:30pm Victory Park, Sierra Madre Blvd.

Search Pasadena Luxury Homes for sale or find a Luxury Pasadena Real Estate Agent.

Where To Find Million Dollar Foreclosures

In Southern California, foreclosure opportunists are going after cheap homes in downtrodden neighborhoods, but there are plenty of million dollar-plus homes out there, in good neighborhoods, which have fallen into foreclosure as the result of shoddy lending practices, speculative buyers and homeowners walking away from a negative equity situation.

Many of those in the high-end foreclosure market were traditionally good borrowers with strong credit scores, unlike the profile of the typical subprime borrower. Still, the same gaffes occurred on the lending approval side, as people were given excessively high loans, based on the presumption that housing prices would continue upward.

Foreclosures have always been present in the top end of the market, but what best accounts for the increase are negative equity situations. For Pasadena homes around the million-dollar mark, it's a case of the home no longer matching the value of the loan. Many of the million dollar-plus Pasadena homes listed as foreclosures and REOs were built in the last five years and are now worth significantly less than the inflated prices the owners originally paid. But it's not necessarily that buyers didn't put down enough money or had a piggyback loan; the owners may have owed more on the house than it was worth, sinking them into a negative equity situation. Banks are often reluctant to list foreclosures for less than the loan's outstanding value because they don't want to take a loss. In addition, they're usually paying a brokerage firm to list the house, as banks aren't in the business of owning and selling property.

Brokerages take foreclosed home listings on a case-by-case basis.
Despite the previous owners not being able to, or not wanting to, make payments, there's nothing wrong with the houses. The best way to find such homes is through a local Pasadena Real Estate Agent that knows the foreclosure inventory. View Pasadena Foreclosure Homes and Pasadena Luxury Homes for sale.

Foreclosures are not all bad news for the high-end real estate market. In fact many buyers see the current market as a financial opportunity. The increase in foreclosures has driven interest from investors, out-of-town and foreign buyers looking to snag a deal in sunny California.

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Pasadena Craftsman Homes

Pasadena is known for it’s unique and unparalleled Craftsman architecture homes.
This spectacular 1923 Craftsman Home has recently been updated and is located on beautiful street. The home has 3 bedrooms and 3 baths in the main residence and a gues house. Main residence is 3,044 square feet and sits on a 13,440 square foot lot. The home features a large kitchen and entertainment area that includes handmade kitchen tiles and insets, hand blown scavo lights. Home also offers a large living room with a beautiful stone fireplace, formal dining room with large built-in cabinetry, and separate office / den. It’s currently listed for $1,279,000, view more Pasadena Luxury Homes.

The Craftsman Movement (also known as the American Arts & Crafts Movement) emerged in the early 20th Century in the United States as an outgrowth of the English Arts & Crafts Movement. Its hallmark is a philosophy of honest, simple design expressed in hand-made creations by skilled craftsmen. While the Movement flowered throughout the U.S., Pasadena became a particularly strong center for Craftsman style design including architecture, art, and ceramics. International recognition of Craftsman expression in Pasadena has been accorded to the work of architects Charles and Henry Greene, tilemaker Ernest Batchelder, artists Elmer and Marion Wachtel, and writer/photographer Helen Lukens Gaut, among others.

View more Pasadena Real Estate listings for sale or locate a Pasadena Real Estate Agent that can help you find Craftsman style Pasadena Homes.

Pasadena Luxury Homes: Rare Opportunity

I came across this stunning Pasadena Home that I thought you should know about. Rarely do you get the chance to own new construction in an established and sought after area of Pasadena. The prestigious Langham, Huntington Hotel and Spa (formerly the Ritz-Carlton) area. Attention has been paid to every detail in this beautiful Spanish style residence. Experience the towering grandeur as you enter the two-story foyer. Enjoy a cozy fire in one of the three fireplaces. After a long day, unwind on the upstairs balcony overlooking the fully landscaped yard. This beautiful 4 bedroom Pasadena home is listed with Coldwell Banker for $2,350,000. View more Pasadena Real Estate Listings or find a Pasadena Real Estate Agent.