11871 162nd Street, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 2 bath
ACTIVE$769,000
11871 162nd Street, Norwalk, California 90650
3Beds
2Baths
1,524Sqft
4,063Lot
Price Vs. Estimate
The estimated value ($444,245.88) is $324,754.12 (42%) lower than the list price ($769,000). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive Front Unit Remodel: The front portion of the house has undergone a total remodel, featuring new tile flooring, recessed lighting, a completely new kitchen with modern cabinets, countertops, and appliances, and updated bedrooms with new flooring, lighting, paint, and shutters.
Top Cons:
Unpermitted Unit Division: The property has been modified and divided into two units by a previous owner, which strongly suggests unpermitted work that could lead to legal complications, financing challenges, and potential remediation costs for a buyer.
Compared to the nearby listings
Price:$769.0K vs avg $760.0K (+$9,000)54%
Size:1,524 sqft vs avg 1,149 sqft80%
Price/sqft:$505 vs avg $63720%
More Insights
Built in 1959 (66 years old).
Condition: The property, built in 1959, features an extensively and recently remodeled front portion, including a completely new kitchen with modern white shaker cabinets, subway tile backsplash, stainless steel appliances, and a black farmhouse sink. The main bathroom has also been totally remodeled with a new walk-in shower, modern vanity, and fixtures. New wood-look tile flooring, recessed lighting, and fresh paint are present throughout the remodeled areas, making these sections move-in ready. However, the description notes a 'rear portion' with an 'original' third bedroom and 3/4 bath, which suggests it has not been updated to the same modern standard. While the remodeled areas are excellent, the older build year and the presence of an un-remodeled section, along with no explicit mention of full system replacements (e.g., HVAC, plumbing, electrical) for the entire property, prevent an 'Excellent' rating.
Year Built
1959
Close
-
List price
$769K
Original List price
$769K
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
MB25131352
Home ConditionGood
Features
Patio
View-
About this home
Unique property for the special and open minded buyer. Property has been modified and divided into two units by the previous owner. Current owner has totally remodeled the fromt portion of the house with new tile flooring, recessed lighting, completely new kithcen with new cabinets, new counter tops, new tile back splash, new sink and faucet and a new stove and range hood. Each of the bedrooms in the front portion has also been remodeled with new flooring, new lighting, new paint, and new shutters. Front portion of the house consists of two bedrooms and access to the converted garage which has also been remodeled and is being used as a bedroom. The bathroom has been totally remodeled with new walk in shower , new flooring, new lighting, new sink , faucet , cabinet and vanity mirror. Truely good workmanship. Rear portion of the property consists of the original third bedroom and 3/4 bath connected to an enclosed rear patio. Rear portion does have a kitchen area, living area and an adjoining area used as a second bedroom.
Price History
Date
Event
Price
09/02/22
Sold
$664,000
09/21/09
Sold
$200,000
11/23/04
Sold
$365,000
Condition Rating
Good
The property, built in 1959, features an extensively and recently remodeled front portion, including a completely new kitchen with modern white shaker cabinets, subway tile backsplash, stainless steel appliances, and a black farmhouse sink. The main bathroom has also been totally remodeled with a new walk-in shower, modern vanity, and fixtures. New wood-look tile flooring, recessed lighting, and fresh paint are present throughout the remodeled areas, making these sections move-in ready. However, the description notes a 'rear portion' with an 'original' third bedroom and 3/4 bath, which suggests it has not been updated to the same modern standard. While the remodeled areas are excellent, the older build year and the presence of an un-remodeled section, along with no explicit mention of full system replacements (e.g., HVAC, plumbing, electrical) for the entire property, prevent an 'Excellent' rating.
Pros & Cons
Pros
Extensive Front Unit Remodel: The front portion of the house has undergone a total remodel, featuring new tile flooring, recessed lighting, a completely new kitchen with modern cabinets, countertops, and appliances, and updated bedrooms with new flooring, lighting, paint, and shutters.
Flexible Living Arrangements: The property is divided into two units, offering potential for multi-generational living or creative use of space, with the rear portion including a kitchen area, living area, and an additional bedroom.
Converted Garage Space: The garage has been remodeled and converted into a functional bedroom, adding valuable living space to the front unit.
Modern Bathroom Updates: The bathroom in the front unit has been totally remodeled with a new walk-in shower, new flooring, lighting, sink, faucet, cabinet, and vanity mirror, indicating quality and modern design.
Established Location: Located in Norwalk, the property benefits from an established community with convenient access to local amenities, schools, and transportation routes.
Cons
Unpermitted Unit Division: The property has been modified and divided into two units by a previous owner, which strongly suggests unpermitted work that could lead to legal complications, financing challenges, and potential remediation costs for a buyer.
Significant Overpricing: The list price of $769,000 is substantially higher than the property's estimated value of $444,245.88, indicating a potential overvaluation that may deter buyers and complicate appraisal processes.
Limited Buyer Pool: Described as a 'Unique property for the special and open minded buyer,' its unconventional layout and potential legal issues from the divided units will likely narrow the market of interested purchasers.