12400 Wilmington Ave, Compton, California 90222, Compton, 90222 - 2 bed, 1 bath
ACTIVE$575,000
12400 Wilmington Ave, Compton, California 90222
2Beds
1Bath
920Sqft
2,431Lot
Price Vs. Estimate
The estimated value ($510,159.735) is $64,840.265 (11%) lower than the list price ($575,000). This property may be overpriced.
Key pros and cons
Top Pros:
Move-in Ready Condition: The home is described as 'move-in ready' with 'thoughtfully updated inside and out,' including new flooring, offering immediate occupancy without major renovations.
Top Cons:
Significant Overpricing: The current list price of $575,000 is 12% above the estimated market value ($502,206) and 15% higher than its recent sale price ($500,000 in April 2024), posing a challenge for valuation and financing.
Compared to the nearby listings
Price:$575.0K vs avg $600.0K ($-25,000)41%
Size:920 sqft vs avg 1,092 sqft36%
Price/sqft:$625 vs avg $53068%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property shows its age despite recent cosmetic updates like new flooring, fresh paint, and exterior improvements (fence, landscaping). While described as 'move-in ready,' the advanced age of the structure suggests underlying major systems (plumbing, electrical, HVAC) are likely outdated, as evidenced by a window AC unit in one bedroom. Crucially, there are no images of the kitchen or bathroom, making it impossible to assess their condition, style, or features. This indicates these areas are likely functional but not recently renovated to modern standards. The property fits the 'Fair' criteria of an aged but maintained home with functional but outdated major components that may require future updates.
Year Built
1923
Close
-
List price
$575K
Original List price
$595K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
DW25220885
Home ConditionFair
Features
Patio
View-
About this home
Welcome to this charming and move-in ready home thoughtfully updated inside and out. Since purchasing, the current owners have added a tall solid privacy fence, fresh landscaping, and repainted window rails, creating inviting curb appeal. Inside, the home offers a warm and cohesive look with updated flooring that flows through the main living areas and bedroom. Located in a convenient Compton neighborhood, the home is close to schools, shopping, dining, and commuter routes. With its private outdoor space, functional updates, and move-in ready condition, this home is an excellent opportunity for buyers looking for both comfort and value.
Price History
Date
Event
Price
04/02/24
Sold
$500,000
Condition Rating
Fair
Built in 1923, this property shows its age despite recent cosmetic updates like new flooring, fresh paint, and exterior improvements (fence, landscaping). While described as 'move-in ready,' the advanced age of the structure suggests underlying major systems (plumbing, electrical, HVAC) are likely outdated, as evidenced by a window AC unit in one bedroom. Crucially, there are no images of the kitchen or bathroom, making it impossible to assess their condition, style, or features. This indicates these areas are likely functional but not recently renovated to modern standards. The property fits the 'Fair' criteria of an aged but maintained home with functional but outdated major components that may require future updates.
Pros & Cons
Pros
Move-in Ready Condition: The home is described as 'move-in ready' with 'thoughtfully updated inside and out,' including new flooring, offering immediate occupancy without major renovations.
Enhanced Curb Appeal & Privacy: Recent exterior improvements such as a new privacy fence, fresh landscaping, and repainted window rails significantly boost the property's curb appeal and provide added privacy.
Convenient Location: Situated in a convenient Compton neighborhood, offering easy access to local schools, shopping, dining, and major commuter routes.
Private Outdoor Space: The property features a private outdoor space, enhancing its appeal for relaxation, entertainment, and personal enjoyment.
Charming & Cohesive Interior: Updates have created a 'charming' and 'cohesive look' throughout the main living areas and bedroom, presenting an attractive aesthetic.
Cons
Significant Overpricing: The current list price of $575,000 is 12% above the estimated market value ($502,206) and 15% higher than its recent sale price ($500,000 in April 2024), posing a challenge for valuation and financing.
Advanced Age of Structure: Built in 1923, the property's age suggests potential for underlying older systems (e.g., plumbing, electrical) that may require future maintenance or upgrades, despite recent cosmetic improvements.
Limited Square Footage & Lot Size: With 920 sqft of living space and a 2431 sqft lot, the property offers restricted interior and exterior dimensions, which may not suit buyers requiring more expansive living or outdoor areas.