220 Palm Place, Pomona, California 91767, Pomona, 91767 - 3 bed, 2 bath

220 Palm Place, Pomona, California 91767 home-pic-0
ACTIVE$699,000
220 Palm Place, Pomona, California 91767
3Beds
2Baths
1,276Sqft
6,079Lot
Year Built
1912
Close
-
List price
$699K
Original List price
$730K
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
25504930
Home ConditionExcellent
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,5 Pros. Rank: price - $699.0K(56th), sqft - 1276(42th), beds - 3(50th), baths - 2(50th).

Charming Completely Remodeled Craftsman Home with Solar Power and Ready-to-Go ADU Plans. Step into the perfect blend of timeless charm and modern upgrades with this completely remodeled 3-bedroom, 2-bathroom Craftsman home. Nestled on a quiet, palm tree-lined street, this home offers a sustainable lifestyle with fully paid-off solar panels, a new elastomeric roof, and an energy-efficient HVAC system. Every detail has been thoughtfully updated, combining the best of classic appeal with the convenience of modern living. The inviting front yard is fully fenced and features garden beds perfect for your vegetable and flower dreams. A newly paved, wide concrete path leads you to the porch and front door, setting the stage for the warmth and character that await inside. Upon entering, you'll be greeted by a cozy living room with large colonial-style windows, a charming fireplace, and built-in curio cabinets. The space flows effortlessly into the formal dining room, where you'll find elegant wainscoting, a plate rail, and coffered ceilings, ideal for gatherings. The kitchen is a true chef's dream, with open wooden shelving, stunning quartz countertops, and a large kitchen sink with a pull-down faucet, all complemented by ample lighting. Two of the bedrooms share a bathroom featuring a newer bathtub and a classic pedestal sink, while the second bath, located off the third bedroom and kitchen, offers a luxurious corner walk-in subway tile shower with spa-inspired stone accents. Throughout the home, you'll find high-end laminate flooring and beautiful lighting that enhances the thoughtful design. Updated windows and updated electrical ensure both style and function, while a new water heater adds to the home's modern efficiency. Step outside into the backyard, where the sweet scent of jasmine fills the air. A large avocado tree and various fruit trees, including orange, lemon, apple, tangerine, and mulberry, make this a delightful space for outdoor living. The backyard is divided by a vinyl fence, offering the perfect balance of privacy and space for relaxation or future projects. Best of all, ADU plans are ready to go! With approved plans for an 800 sq. ft. ADU featuring 3 bedrooms and 2 bathrooms, this property has the potential to generate cash flow and provide additional living space. Additional Features: Solar panels fully paid off; Updated HVAC and water heater for modern comfort; Updated windows and electrical for improved efficiency; Mills Act tax reduction may apply (subject to further investigation by buyer); Convenient location within walking distance to shops, grocery stores, Pomona Packing Plant, the train station, and Western University; This home perfectly balances old-world charm with modern amenities. Don't miss the opportunity to make it yours!

Condition Rating
Excellent

Despite being built in 1912, this Craftsman home has undergone a 'completely remodeled' and 'thoughtfully updated' renovation, bringing it to a virtually new condition. Key features supporting this include a new elastomeric roof, energy-efficient HVAC, updated windows and electrical, a new water heater, and fully paid-off solar panels. The kitchen is described as a 'chef's dream' with stunning quartz countertops and ample lighting, while bathrooms feature a newer bathtub, classic pedestal sink, and a luxurious corner walk-in subway tile shower. High-end laminate flooring and beautiful lighting throughout further enhance its excellent condition, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive Modern Renovation: The property has undergone a complete remodel, featuring a new elastomeric roof, energy-efficient HVAC, updated windows, electrical, and a new water heater, ensuring modern comfort and reduced maintenance.
Income-Generating ADU Potential: Approved plans for an 800 sq. ft. ADU (3 beds/2 baths) offer significant potential for rental income or expanded living space, adding substantial value.
Sustainable Living Features: Fully paid-off solar panels and an energy-efficient HVAC system provide substantial utility cost savings and promote an environmentally friendly lifestyle.
Preserved Historic Charm: As a completely remodeled Craftsman home built in 1912, it retains desirable architectural details like colonial-style windows, a fireplace, built-in cabinets, wainscoting, and coffered ceilings.
Convenient Walkable Location: Situated on a quiet, palm tree-lined street, the home is within walking distance to shops, grocery stores, the Pomona Packing Plant, train station, and Western University.

Cons

Significant Price Discrepancy: The current list price of $699,000 is considerably higher than the property's estimated value of $388,633.94 and generally above recent comparable sales in the area, suggesting it may be overpriced.
Age-Related Maintenance Concerns: Despite extensive remodels, the 1912 construction year may still imply potential for hidden or future maintenance issues typical of very old homes.
Uncertainty of Mills Act Benefits: While a Mills Act tax reduction 'may apply,' the need for buyer investigation means this significant financial benefit is not guaranteed and adds a layer of due diligence and potential risk.

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