515 S Madison Avenue 3
Pasadena, CA, 91101
$875,000
MLS: P1-27322
Beds
2
Baths
3
Sq Ft
1,373
Lot
0.30 ac
Year Built
1987
MLS #
P1-27322
Days on Market
76
Listed
May 27, 2026
Description
Prime Pasadena townhome in a beautifully maintained complex! This updated, clean, and tastefully finished unit sits on a tree lined street, blocks from Caltech, the South Lake district, the Metro, and major freeways. The spacious living room offers hardwood floors, a marble-faced fireplace, and sliding doors that lead to a private enclosed patio. The light-filled dining area features bar seating that opens to the kitchen, which offers abundant storage and comes fully equipped with all appliances. A conveniently located powder room offers easy access for guests on the main level.Upstairs, two generous en-suite bedrooms feature vaulted ceilings, large closets, and tasteful bathrooms. A centrally located hallway closet houses the washer and dryer for added convenience. The lower level includes a BONUS room perfect for a home office/gym, an additional storage room with a mop sink, and direct access to the two car garage. A rare blend of location, comfort, and thoughtful space planning makes this townhome an exceptional Pasadena offering.
Location
Pasadena, Los Angeles County, CA 91101
Open on Google Maps ↗Listed by: Grace Chang · Coldwell Banker Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$7,291
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $87,500 · Loan: $787,500
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,076
- Property tax (1.25%)
- $911
- Homeowners insurance
- $300
- Mortgage insurance
- $328
- HOA dues
- $675
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Pasadena home with as little as 3.5% down using an FHA loan — roughly $30,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Similar Homes Nearby
Active and pending listings in ZIP 91101 (Pasadena)within ±10% of this home's price and size.
$795,000
431 N Los Robles Avenue 2
Pasadena, 91101
$799,000
920 Granite Drive 104
Pasadena, 91101
$799,000
400 S Los Robles Avenue 209
Pasadena, 91101
$809,888
451 S Oakland Avenue 2
Pasadena, 91101
$880,000
139 S Los Robles Avenue 205
Pasadena, 91101
$889,000
408 E Del Mar Boulevard
Pasadena, 91101
Local Market Stats
See Pasadena, CA 91101 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.