1312 Penn Mar Avenue, South El Monte, California 91733, South El Monte, 91733 - 3 bed, 1 bath
ACTIVE$750,000
1312 Penn Mar Avenue, South El Monte, California 91733
3Beds
1Bath
921Sqft
6,521Lot
Price Vs. Estimate
The estimated value ($730,694.095) is $19,305.905 (2%) lower than the list price ($750,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Location: The property is situated in a highly sought-after area of South El Monte, enhancing its market appeal and potential for appreciation.
Top Cons:
Overpriced Relative to Market Value: The listing price of $750,000 is 12% above the estimated property value of $654,307, indicating a potential overvaluation in the current market.
Compared to the nearby listings
Price:$750.0K vs avg $808.4K ($-58,444)39%
Size:921 sqft vs avg 1,340.5 sqft19%
Price/sqft:$814 vs avg $54086%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this home is well-maintained but significantly dated. The kitchen features older white cabinets, laminate countertops, and basic appliances, lacking modern updates. The single bathroom is also very dated with older wall tiles and a basic vanity. Flooring is a mix of older laminate and ceramic tile. While functional and clean, the property requires substantial cosmetic updates and renovations to meet current quality and style standards, particularly in the kitchen and bathroom areas.
Year Built
1950
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$814
HOA
-
Days on market
-
Sold On
-
MLS number
CV25176936
Home ConditionFair
Features
View-
About this home
Welcome to this well maintained 3 bedroom, 1 bath home located in a highly sought-after area of South El Monte. One of the bedrooms has been thoughtfully converted into a separate living space, perfect for extended family, guests, or rental potential. The spacious backyard offers endless possibilities, whether you're looking to expand, add an ADU, or simply enjoy outdoor gatherings with family and friends. This property is full of potential and ready for your personal touch. A must see to truly appreciate all it has to offer!
Condition Rating
Fair
Built in 1950, this home is well-maintained but significantly dated. The kitchen features older white cabinets, laminate countertops, and basic appliances, lacking modern updates. The single bathroom is also very dated with older wall tiles and a basic vanity. Flooring is a mix of older laminate and ceramic tile. While functional and clean, the property requires substantial cosmetic updates and renovations to meet current quality and style standards, particularly in the kitchen and bathroom areas.
Pros & Cons
Pros
Desirable Location: The property is situated in a highly sought-after area of South El Monte, enhancing its market appeal and potential for appreciation.
ADU & Expansion Potential: A spacious 6,521 sqft lot provides significant opportunity for adding an Accessory Dwelling Unit (ADU) or expanding the existing structure.
Flexible Living Arrangement: One bedroom has been thoughtfully converted into a separate living space, offering versatility for extended family, guests, or potential rental income.
Well-Maintained Condition: The home is described as well-maintained, suggesting a good level of care and potentially fewer immediate repair needs for a buyer.
Customization Opportunity: The property is presented as 'full of potential' and ready for a 'personal touch,' appealing to buyers looking to customize and add value.
Cons
Overpriced Relative to Market Value: The listing price of $750,000 is 12% above the estimated property value of $654,307, indicating a potential overvaluation in the current market.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may not adequately meet the needs of larger families or multiple occupants.
Compact Interior Space: At 921 sqft, the interior living space is relatively small for a 3-bedroom home, which could be a drawback for buyers seeking more spacious living areas.