227 South Madison Avenue, 205, Pasadena, CA 91101
227 South Madison Avenue, 205, Pasadena, CA 91101
Property Description
MAJOR $50,000 PRICE REDUCTION! NOW OFFERED AT $669,000! Back Corner Condo. Welcome to The Madison, a beautifully renovated and move-in-ready 2-bedroom, 2-bathroom BACK CORNER condo ideally located in Pasadena's highly desirable Playhouse District, between the South Lake Shopping District and Paseo Colorado. Tucked away on a peaceful, tree-lined street, this north-facing home offers abundant natural light, a smart and open 1,145-square-foot floor plan, and the comfort and convenience of modern California living. Step inside to discover updated flooring, recessed lighting, and an inviting living area with custom built-in cabinetry and fireplace. The remodeled kitchen features quartz countertops, custom wood cabinetry, and stainless-steel appliances. Both spacious bedrooms are thoughtfully positioned for privacy, with the primary suite offering an en-suite bathroom and a custom walk-in closet with built-ins. A second full bathroom is conveniently located off the hallway for guests or family. Additional features include IN-UNIT laundry, central AC and heat, and modern fixtures throughout. The Madison offers resort-style amenities including a relaxing pool, spa/jacuzzi, sauna, gym, clubhouse/recreation room, and restrooms. Secure gated subterranean parking provides two tandem parking spaces along with dedicated storage. Earthquake & Fire Insurance, water, & trash are also included as part of the HOA. Enjoy an exceptional central Pasadena lifestyle with easy access to Urth Caffé, the AC Hotel rooftop bar, South Lake shopping, Trader Joe's, Old Town Pasadena, The Paseo, the Metro Gold Line, Caltech, and Pasadena City College. Whether you're looking for a stylish primary residence, or a highly desirable rental property, this turnkey condo offers an outstanding opportunity to own in one of Pasadena's most vibrant and sought-after neighborhoods.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Pasadena · Condominium
Listed in line with the median closed sale of $739,000. Closed comps sold at 100% of list — strong seller's market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 501 Del Mar Boulevard | Pasadena | 1987 | 2 | 2 | 1,125 | 0 | $667 | $750,000 | 98 | 93 |
| 500 Oak Knoll Avenue | Pasadena | 1973 | 2 | 2 | 1,160 | 0 | $586 | $680,000 | 9 | 90 |
| 111 Oak Knoll Avenue | Pasadena | 1994 | 2 | 2 | 1,017 | 20,928 | $802 | $816,000 | 6 | 90 |
| 330 Cordova Street | Pasadena | 1981 | 3 | 2 | 1,407 | 0 | $586 | $825,000 | 4 | 86 |
| 432 Oak Knoll Avenue | Pasadena | 1980 | 2 | 3 | 1,212 | 9,164 | $610 | $739,000 | 59 | 86 |
| Total: 5 · Average | 2.2 | 2.2 | 1,184.2 | 15,046 | $650.2 | $762,000 | 35.2 | |||
| Median | 1,160 | $750,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 484 Euclid | Pasadena | 1982 | 09/29/2026 | 2 | 2 | 1,155 | 25,168 | $729,000 | $729,000 | $631 | 1.00 | 45 | 94 |
| 330 Cordova Street | Pasadena | 1981 | 08/18/2026 | 2 | 2 | 1,111 | 144,125 | $729,500 | $729,500 | $657 | 1.00 | 62 | 93 |
| 227 Madison Avenue | Pasadena | 1982 | 08/17/2026 | 2 | 3 | 1,179 | 0 | $749,000 | $770,000 | $653 | 1.03 | 54 | 92 |
| 497 California Boulevard | Pasadena | 1980 | 08/06/2026 | 2 | 2 | 1,226 | 75,686 | $749,000 | $749,000 | $611 | 1.00 | 69 | 91 |
| 500 Del Mar Boulevard | Pasadena | 1984 | 04/07/2026 | 2 | 2 | 1,038 | 0 | $749,000 | $739,000 | $712 | 0.99 | 92 | 90 |
| Total: 5 · Average | 2.0 | 2.2 | 1,141.8 | 81,659.667 | $743,300 | $743,300 | $652.8 | — | 64.4 | ||||
| Median | 1,155 | $739,000 | $739,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.