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12318 Halo, Lynwood, California 90262, Lynwood, 90262 - 3 bed, 2 bath

12318 Halo, Lynwood, California 90262 home-pic-0
ACTIVE$675,000
12318 Halo, Lynwood, California 90262
3Beds
2Baths
1,154Sqft
5,320Lot

Price Vs. Estimate

The estimated value mostly matches the list price at $675,000.

Key pros and cons

Top Pros:
ADU Potential: The detached bonus room in the backyard offers significant value-add potential for an Accessory Dwelling Unit (ADU) conversion or in-law quarters.
Top Cons:
Property Age & Updates: Built in 1954, the property may require significant cosmetic or system updates to fully modernize, as indicated by the suggestion to 'add their own personal touch'.

Compared to the nearby listings

Price:$675.0K vs avg $675.0K (+$0)50%
Size:1,154 sqft vs avg 1,180 sqft49%
Price/sqft:$585 vs avg $56157%

More Insights

Built in 1954 (71 years old).
Condition: Built in 1954, this property is aged but has received some functional updates like a new 30-year roof and a split A/C system. The living room and kitchen feature newer laminate flooring. However, the kitchen is significantly dated with old cabinets, a brown tiled backsplash, and fluorescent lighting, requiring a full renovation. The main bathroom is also very outdated with an old vanity, mirror, and heavily textured walls. While livable, these key areas show signs of being outdated and would require substantial cosmetic and functional updates to meet current standards, aligning with the 'Fair' condition criteria.
Year Built
1954
Close
-
List price
$675K
Original List price
$735K
Price/Sqft
$585
HOA
-
Days on market
-
Sold On
-
MLS number
DW25257514
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Welcome to this beautiful Three-bedroom, Two-bath home in the heart of Lynwood, In Lynwood Gardens! This charming property features three spacious bedrooms, a large living room, and a well-sized kitchen, offering plenty of space for comfortable family living. The home includes a two-car garage with direct access to the interior, plus a driveway that can accommodate two or three additional vehicles. Enjoy peace of mind with a new 30-year roof and take advantage of the detached bonus room in the backyard, perfect for a potential ADU conversion or in-law quarters. The backyard provides a great space for relaxing or entertaining, all within a quiet, family-friendly neighborhood conveniently located near the 105 and 710 freeways. This beautiful home also has a split A/C system that keeps your home cool and comfortable during the summer. This home is ideal for first-time buyers or families looking to add their own personal touch. Don’t miss out on this beautiful Lynwood property!!

Price History

Date
Event
Price
08/28/18
Sold
$435,000
Condition Rating
Fair
Built in 1954, this property is aged but has received some functional updates like a new 30-year roof and a split A/C system. The living room and kitchen feature newer laminate flooring. However, the kitchen is significantly dated with old cabinets, a brown tiled backsplash, and fluorescent lighting, requiring a full renovation. The main bathroom is also very outdated with an old vanity, mirror, and heavily textured walls. While livable, these key areas show signs of being outdated and would require substantial cosmetic and functional updates to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

ADU Potential: The detached bonus room in the backyard offers significant value-add potential for an Accessory Dwelling Unit (ADU) conversion or in-law quarters.
Recent Roof Replacement: A new 30-year roof provides peace of mind and eliminates a major immediate expense for prospective buyers.
Climate Control: The home is equipped with a split A/C system, ensuring comfortable living conditions during warmer seasons.
Ample Parking: Features a two-car garage with direct access and additional driveway space for 2-3 vehicles, a valuable amenity.
Convenient Location: Located in a quiet, family-friendly neighborhood with convenient access to the 105 and 710 freeways, ideal for commuters.

Cons

Property Age & Updates: Built in 1954, the property may require significant cosmetic or system updates to fully modernize, as indicated by the suggestion to 'add their own personal touch'.
Price Reduction History: Multiple price reductions from the original list price suggest potential market resistance or an initial overvaluation, which could impact buyer perception.
Modest Interior Square Footage: At 1154 square feet, the interior living space is relatively modest for a 3-bedroom home, potentially limiting appeal for buyers seeking more expansive living areas.

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