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1550 Balsam Drive, Pomona, California 91766, Pomona, 91766 - 3 bed, 3 bath

1550 Balsam Drive, Pomona, California 91766 home-pic-0
ACTIVE$768,800$1,837/sqft
Est. Value: $587,485
-23%
AboveEstimate
1550 Balsam Drive, Pomona, California 91766
3Beds
3Baths
1,837Sqft
4,431Lot

Price Vs. Estimate

The estimated value ($587,485.145) is $181,314.855 (23%) lower than the list price ($768,800). This property may be overpriced.

Key pros and cons

Top Pros:
Gated Community: The property is nestled within a secure gated community, offering enhanced privacy and a sense of exclusivity.
Top Cons:
Significant Overpricing: The listing price of $768,800 is substantially higher (23% above) the estimated market value of $587,485, indicating potential overpricing relative to current market conditions.

Compared to the nearby listings

Price:$768.8K vs avg $725.0K (+$43,800)56%
Size:1,837 sqft vs avg 1,522 sqft75%
Price/sqft:$419 vs avg $49118%

More Insights

Built in 1991 (35 years old).
Condition: The property, built in 1991, is well-maintained and appears move-in ready, but the kitchen and bathrooms feature original or very dated finishes (oak cabinets, laminate/tile countertops, white appliances, older fixtures) that are functional but significantly outdated. There are no indications of recent major renovations. This aligns with a 'fair' condition, where the home is aged but maintained, and major components are functional but show signs of being outdated, requiring minor updates for modern appeal.
Year Built
1991
Close
-
List price
$769K
Original List price
$769K
Price/Sqft
$419
HOA
$222
Days on market
-
Sold On
-
MLS number
WS25041534
Home ConditionFair
Features
Patio
View-

About this home

Introducing 1550 Balsam Drive, a single family home nestled in the heart of Pomona, CA. This home is located within a secure gated community and offers an abundance of features. Upon entering, you will be immediately taken by the high ceilings which add an air of elegance and grandeur to the home. The open floor plan allows for easy movement and flexibility between spaces, while also creating a sense of unity and cohesion throughout the property. The spacious kitchen is a true delight. Adjacent to the kitchen, there is a sizeable family room that can cater to various needs including relaxation or entertainment. This property features 3 bedrooms and 2.5 bathrooms. The large windows allow natural light to permeate each room enhancing their welcoming ambiance. The large backyard provides plenty of space for outdoor activities or gardening endeavors. Great for hosting social gatherings or simply enjoying some quiet time outdoors. Mature lemon and kumquat trees add charm and a touch of freshness to the landscape. Pomona is known for its rich cultural scene and historic charm, family-friendly attractions such as museums and parks are just moments away from your front door. Plus, with shopping facilities nearby, running errands has never been more convenient.

P
PHU NGUYEN
Listing Agent
Condition Rating
Fair
The property, built in 1991, is well-maintained and appears move-in ready, but the kitchen and bathrooms feature original or very dated finishes (oak cabinets, laminate/tile countertops, white appliances, older fixtures) that are functional but significantly outdated. There are no indications of recent major renovations. This aligns with a 'fair' condition, where the home is aged but maintained, and major components are functional but show signs of being outdated, requiring minor updates for modern appeal.
Pros & Cons

Pros

Gated Community: The property is nestled within a secure gated community, offering enhanced privacy and a sense of exclusivity.
Spacious & Bright Interior: High ceilings, an open floor plan, and large windows create an elegant, bright, and welcoming ambiance throughout the home.
Functional Layout: With 3 bedrooms, 2.5 bathrooms, a spacious kitchen, and a sizeable family room, the layout is practical and caters well to various living needs.
Generous Outdoor Space: The large backyard provides ample space for outdoor activities, entertaining, and gardening, complemented by mature lemon and kumquat trees.
Convenient Location: The home benefits from a desirable Pomona location, with easy access to cultural attractions, family-friendly parks, and nearby shopping facilities.

Cons

Significant Overpricing: The listing price of $768,800 is substantially higher (23% above) the estimated market value of $587,485, indicating potential overpricing relative to current market conditions.
Lack of Central Air Conditioning: The property description does not explicitly mention a cooling system, which could be a significant drawback in California's climate and may require a future investment.
High Monthly HOA Fees: A monthly association fee of $222 adds a notable recurring cost to homeownership, which is higher than some comparable properties in the area.
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