12268 Samoline Avenue, Downey, California 90242, Downey, 90242 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$1,200,000
12268 Samoline Avenue, Downey, California 90242
4Beds
2Baths
1,881Sqft
8,419Lot
Year Built
1941
Close
-
List price
$1.2M
Original List price
$1.19M
Price/Sqft
$638
HOA
-
Days on market
-
Sold On
-
MLS number
DW25060827
Home ConditionFair
Features
Pool
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 47% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.20M(85th), sqft - 1881(72th), beds - 4(65th), baths - 2(50th).
Spacious pool home located in the highly sought after city of Downey! Tax records show 1881 soft but there's an additional 242 square feet in the enclosed patio! Ample sized lot over 8,000 sqft. Plenty of parking on long driveway with carport and a 2 car detached garage. There is also RV access from back gate to Paramount Blvd! This home is beautiful and ready for its new owner!-don't miss your chance!
Price History
Date
Event
Price
04/22/10
Sold
$419,000
Condition Rating
Fair
The property, built in 1941, appears well-maintained but shows significant signs of age in key areas. The kitchen features older-style cabinets, dated laminate/tile countertops, and a mix of older appliances. Bathrooms also exhibit outdated fixtures, vanities, and tiling. While functional and clean, these areas would require minor to moderate updates to meet current aesthetic and functional standards. The description lacks details on recent major system renovations, suggesting major components are functional but likely outdated.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8419, living area = 1881.
Desirable Location: Located in the highly sought-after city of Downey, indicating strong market appeal and potential for appreciation.
Spacious Lot & Living Area: Features an ample-sized lot over 8,000 sqft and a spacious home, including an additional 242 sqft in an enclosed patio, offering generous living space.
Private Pool: A 'spacious pool home' provides a desirable amenity for recreation and entertainment, enhancing lifestyle appeal.
Ample Parking & RV Access: Offers plenty of parking with a long driveway, carport, a 2-car detached garage, and unique RV access from the back gate to Paramount Blvd.
Functional Layout: Described as 'beautiful and ready for its new owner,' suggesting a well-maintained and functional home suitable for immediate occupancy.
Cons
Significant Price Discrepancy: The listing price of $1.2 million is substantially higher than the estimated property value of approximately $630,343, indicating potential overpricing or a disconnect with current market valuations.
Age and Potential for Outdated Systems: Built in 1941, the property may have older infrastructure (e.g., plumbing, electrical, HVAC) that could require significant investment for modernization, which is not detailed in the description.
Lack of Specific Renovation Details: While stated as 'beautiful and ready,' the description lacks specific information on recent major renovations or modern upgrades, which could be a concern for buyers expecting contemporary features at this price point.