247 Cedar Court, Montebello, California 90640, Montebello, 90640 - 2 bed, 1 bath
ACTIVE$629,880
247 Cedar Court, Montebello, California 90640
2Beds
1Bath
522Sqft
3,437Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Market Value & Affordability: Positioned as the 'best priced starter home' in Montebello, offering an accessible entry point for first-time buyers in a competitive market.
Top Cons:
Limited Living Space: With only 522 square feet, the home offers very compact living quarters, which may not suit buyers seeking more spacious accommodations or those with larger households.
Compared to the nearby listings
Price:$629.9K vs avg $840.0K ($-210,120)10%
Size:522 sqft vs avg 1,524 sqft1%
Price/sqft:$1.2K vs avg $54899%
More Insights
Built in 1920 (105 years old).
Condition: Built in 1920, this property has undergone 'some upgrades' as described, making it move-in ready. However, the updates are functional rather than extensive or high-end. The kitchen features updated white cabinets and countertops, but the checkered vinyl flooring and older white range appear dated. The bathroom has basic grey tiling and a simple vanity. While maintained, the home shows its age through these components, aligning with the 'Fair' category which indicates an aged but maintained property with functional but outdated elements.
Year Built
1920
Close
-
List price
$630K
Original List price
$630K
Price/Sqft
$1,207
HOA
-
Days on market
-
Sold On
-
MLS number
IV25165685
Home ConditionFair
Features
View-
About this home
Best priced starter home in the city of Montebello. This great 2 bedroom 1 bath home is perfect for a first time home buyer or a savvy investor who can build an ADU on this property and dramatically increase the value. Home has had some upgrades and is in ready to move in. Home wont last long.
Price History
Date
Event
Price
02/02/98
Sold
$72,000
05/25/18
Sold
$359,000
06/16/17
Sold
$270,000
Condition Rating
Fair
Built in 1920, this property has undergone 'some upgrades' as described, making it move-in ready. However, the updates are functional rather than extensive or high-end. The kitchen features updated white cabinets and countertops, but the checkered vinyl flooring and older white range appear dated. The bathroom has basic grey tiling and a simple vanity. While maintained, the home shows its age through these components, aligning with the 'Fair' category which indicates an aged but maintained property with functional but outdated elements.
Pros & Cons
Pros
Market Value & Affordability: Positioned as the 'best priced starter home' in Montebello, offering an accessible entry point for first-time buyers in a competitive market.
Investment & ADU Potential: The property offers significant value-add opportunities for investors, with explicit mention of potential for building an Accessory Dwelling Unit (ADU) to increase value and generate income.
Move-in Ready Condition: Described as having 'some upgrades' and being 'ready to move in,' reducing immediate renovation costs and effort for the new owner.
Ideal for First-Time Homebuyers: Specifically marketed as 'perfect for a first time home buyer,' appealing to a large and active segment of the real estate market.
Lot Size & Expansion Potential: The 3,437 sqft lot provides ample space for potential expansion of the main dwelling or the addition of an ADU, enhancing future utility and value.
Cons
Limited Living Space: With only 522 square feet, the home offers very compact living quarters, which may not suit buyers seeking more spacious accommodations or those with larger households.
Age of Property: Built in 1920, the home is over a century old, which could imply potential for older infrastructure, systems, and higher maintenance needs despite recent upgrades.
Compact Layout (Beds/Baths): The 2-bedroom, 1-bathroom configuration is restrictive for many buyer profiles, particularly families or individuals desiring more private spaces or additional facilities.