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14313 Claressa Ave, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 1 bath

14313 Claressa Ave, Norwalk, California 90650 home-pic-0
ACTIVE$569,000
14313 Claressa Ave, Norwalk, California 90650
3Beds
1Bath
828Sqft
2,652Lot

Price Vs. Estimate

The estimated value ($551,777.24) is $17,222.76 (3%) lower than the list price ($569,000). This property may be overpriced.

Key pros and cons

Top Pros:
Seller Motivation & Price Adjustment: The 'Motivated Seller' willing to offer concessions, coupled with a recent price reduction from $599,000 to $569,000, presents a strong opportunity for buyers to negotiate favorable terms and potentially secure a good value.
Top Cons:
Major Zoning Discrepancy: The significant conflict between city (C1) and county (Single Family Residence) zoning, with the owner 'investigating zoning issues' and requiring buyer due diligence, introduces substantial uncertainty, potential legal hurdles, and could complicate financing or future property use.

Compared to the nearby listings

Price:$569.0K vs avg $760.0K ($-191,000)2%
Size:828 sqft vs avg 1,149 sqft8%
Price/sqft:$687 vs avg $63966%

More Insights

Built in 1924 (101 years old).
Condition: Built in 1924, this property is 100 years old with no indication of major renovations. The exterior image shows an aged home with an unkempt yard, suggesting deferred maintenance. Without interior photos, it's highly probable that the kitchen and single bathroom are severely outdated and require complete modernization. Major systems (electrical, plumbing, HVAC) are likely original or very old, necessitating substantial repairs and rehabilitation to meet current safety and comfort standards.
Year Built
1924
Close
-
List price
$569K
Original List price
$599K
Price/Sqft
$687
HOA
-
Days on market
-
Sold On
-
MLS number
IV25243174
Home ConditionPoor
Features
ViewNeighborhood

About this home

Motivated Seller! Willing to offer concessions. Wonderful and quaint 100+ yr location with a single-family residence that sits near the end of a nice neighborhood. Enjoy the sunshine as you stand on the entrance to this beautiful house that is perfect for all members of the family. Plenty of room in the front yard to create a lavish garden. The house has 3 large bedrooms with one bath. The kitchen is located in the back which provides plenty of room in the front living room to enjoy. The city has this lot zoned as a C1 while the county has the lot zoned as single family residence. Owner is investigating zoning issues. Buyer to conduct their own due diligence, to include due diligence concerning prospective allowable zoning permissibility. Adjacent parcel 8070-020-031 is owned by same owner and also may be available to purchase with same zoning restrictions.

Condition Rating
Poor
Built in 1924, this property is 100 years old with no indication of major renovations. The exterior image shows an aged home with an unkempt yard, suggesting deferred maintenance. Without interior photos, it's highly probable that the kitchen and single bathroom are severely outdated and require complete modernization. Major systems (electrical, plumbing, HVAC) are likely original or very old, necessitating substantial repairs and rehabilitation to meet current safety and comfort standards.
Pros & Cons

Pros

Seller Motivation & Price Adjustment: The 'Motivated Seller' willing to offer concessions, coupled with a recent price reduction from $599,000 to $569,000, presents a strong opportunity for buyers to negotiate favorable terms and potentially secure a good value.
Established Neighborhood & Location: Situated in a 'wonderful and quaint 100+ yr location' near the end of a 'nice neighborhood,' offering a sense of community, reduced through-traffic, and mature surroundings.
Potential for Outdoor Enhancement: Plenty of room in the front yard to create a lavish garden provides an excellent opportunity for buyers to enhance curb appeal and personalize the outdoor living space.
Three Bedrooms: The property offers three bedrooms, which is a desirable configuration for families or individuals needing extra space for guests or a home office.
Adjacent Parcel Opportunity: The availability of an adjacent parcel for purchase from the same owner presents a unique opportunity for future expansion, increased lot size, or potential investment.

Cons

Major Zoning Discrepancy: The significant conflict between city (C1) and county (Single Family Residence) zoning, with the owner 'investigating zoning issues' and requiring buyer due diligence, introduces substantial uncertainty, potential legal hurdles, and could complicate financing or future property use.
Advanced Age & Limited Amenities: Built in 1924, the property is over 100 years old, suggesting potential for outdated systems, significant maintenance needs, and a single bathroom for three bedrooms, which is a functional limitation for modern living.
Small Square Footage & Lot Size: With only 828 sqft for a 3-bedroom home and a modest lot size of 2652 sqft, the property offers limited interior living space and outdoor utility, which may not meet the needs of all buyers.

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