12628 Fairford Avenue, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 2 bath
ACTIVE$805,999
12628 Fairford Avenue, Norwalk, California 90650
3Beds
2Baths
1,288Sqft
4,958Lot
Price Vs. Estimate
The estimated value ($792,140.28) is $13,858.72 (1%) lower than the list price ($805,999). This property may be overpriced.
Key pros and cons
Top Pros:
Financial Incentive: The property offers a significant lender-paid 2-1 buydown, reducing monthly payments for the first two years at no cost to the buyer or seller, making it highly attractive for affordability.
Top Cons:
Age of Property & Updates: Built in 1952, the home, while move-in ready, suggests a need for 'thoughtful updates over time,' indicating potential for dated systems or aesthetics that may require future investment.
Compared to the nearby listings
Price:$806.0K vs avg $760.0K (+$45,999)76%
Size:1,288 sqft vs avg 1,149 sqft65%
Price/sqft:$626 vs avg $63746%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property is functional and move-in ready, but many key areas are significantly outdated. The kitchen features granite countertops and a newer cooktop, but the cabinets, older wall oven/dishwasher, and tile flooring suggest a renovation 15-25 years ago. The bathroom is very dated with gold-framed shower doors and older fixtures, requiring a full renovation. The property lacks central air conditioning, relying on wall heaters and window units. While maintained, it requires substantial cosmetic and system updates to meet current standards.
Year Built
1952
Close
-
List price
$806K
Original List price
$825K
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
25600003
Home ConditionFair
Features
Pool
Patio
View-
About this home
LENDER PAID 2-1 BUYDOWN | No Cost to Buyer or Seller| This is the kind of home that offers real possibility. Set on a quiet residential street in an established Norwalk neighborhood, this property has great fundamentals, a traditional single-level floorplan, a private backyard with a pool, and solar panels already installed. The interior is move-in ready but offers a chance for thoughtful updates over time. Whether you're looking to create your ideal living space or build future equity, this home gives you the flexibility to do both. THIS HOME QUALIFIES FOR A LIMITED-TIME LENDER-PAID 2-1 BUYDOWN!!! REDUCED MONTHLY PAYMENTS FOR THE FIRST 2 YEARS AT NO COST TO THE BUYER OR SELLER.
Condition Rating
Fair
Built in 1952, this property is functional and move-in ready, but many key areas are significantly outdated. The kitchen features granite countertops and a newer cooktop, but the cabinets, older wall oven/dishwasher, and tile flooring suggest a renovation 15-25 years ago. The bathroom is very dated with gold-framed shower doors and older fixtures, requiring a full renovation. The property lacks central air conditioning, relying on wall heaters and window units. While maintained, it requires substantial cosmetic and system updates to meet current standards.
Pros & Cons
Pros
Financial Incentive: The property offers a significant lender-paid 2-1 buydown, reducing monthly payments for the first two years at no cost to the buyer or seller, making it highly attractive for affordability.
Energy Efficiency: Equipped with installed solar panels, the home provides immediate energy cost savings and a reduced environmental footprint.
Recreational Amenity: A private backyard featuring a pool offers a desirable space for relaxation, entertainment, and recreation.
Desirable Location: Situated on a quiet residential street within an established Norwalk neighborhood, providing a stable and pleasant living environment.
Functional Layout & Potential: The traditional single-level floorplan is move-in ready, yet offers flexibility for thoughtful updates over time, allowing buyers to personalize and build future equity.
Cons
Age of Property & Updates: Built in 1952, the home, while move-in ready, suggests a need for 'thoughtful updates over time,' indicating potential for dated systems or aesthetics that may require future investment.
Lack of Views: The property does not offer any specific views, which might be a drawback for buyers prioritizing scenic outlooks.
Priced Above Estimation: The current listing price of $805,999 is slightly above the estimated property value of $790,973, which could impact buyer perception or negotiation.