16405 Millstream Lane, Cerritos, California 90703, Cerritos, 90703 - 2 bed, 2 bath

ACTIVE$725,000
16405 Millstream Lane, Cerritos, California 90703
2Beds
2Baths
1,376Sqft
1,772Lot
Year Built
1976
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$527
HOA
$392
Days on market
-
Sold On
-
MLS number
PW25139316
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $725.0K(83th), sqft - 1376(83th), beds - 2(50th), baths - 2(50th).
This 2 bedroom condo is conveniently located to Towne Center, City Library, restaurants, and transportation. Part of ABC schools. It has private patio, and direct access to garage. It has central AC & heating system, 2-car garage with remote controlled roll-up doors. HOA provides common area maintenance of 2 association pools, spa, BBQ facility, trees, landscape, and green belt.
Nearby schools
5/10
Juarez (Benito) Elementary School
Public,•K-6•0.8mi
6/10
Ross (Faye) Middle School
Public,•7-8•0.9mi
8/10
Gahr (Richard) High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
06/17/16
Sold
$400,000
Condition Rating
Fair
The property was built in 1976, making it 48 years old. While it features a central AC & heating system, there is no indication of recent major renovations. The exterior image shows an older aesthetic with some minor deferred maintenance (debris on the roofline). Without interior photos, it's highly probable that the kitchen, bathrooms, and other interior finishes are original or have not been updated in many years, suggesting an outdated style and features. This aligns with a 'Fair' condition, where the home is aged but maintained, major components are functional, but show signs of being outdated and would require minor updates.
Pros & Cons
Pros
Prime Location & Accessibility: Conveniently located near Towne Center, City Library, various restaurants, and public transportation, offering excellent accessibility to daily necessities and entertainment.
Highly-Rated School District: Situated within the prestigious ABC Unified School District, including access to Gahr High School, which boasts a strong rating of 8.
Comprehensive HOA Amenities: The HOA provides access to two association pools, a spa, BBQ facilities, and maintains common areas, enhancing lifestyle and property appeal.
Private Outdoor Space & Parking: Features a private patio for outdoor enjoyment and a 2-car garage with direct access and remote-controlled roll-up doors, offering convenience and security.
Modern Comforts: Equipped with a central AC & heating system, ensuring year-round comfort regardless of external temperatures.
Cons
High Monthly HOA Fees: The $392 monthly association fee is substantial and adds significantly to the overall cost of homeownership.
Property Age: Built in 1976, the property's age may suggest that some interior finishes or systems could be original and potentially require future updates or renovations.
Lack of Scenic Views: The property explicitly states 'view:None,' which might be a drawback for buyers prioritizing scenic or open vistas.