2559 Walnut Grove Avenue, Rosemead, California 91770, Rosemead, 91770 - 3 bed, 2 bath
ACTIVE$795,000
2559 Walnut Grove Avenue, Rosemead, California 91770
3Beds
2Baths
1,300Sqft
5,475Lot
Year Built
1948
Close
-
List price
$795K
Original List price
$850K
Price/Sqft
$612
HOA
-
Days on market
-
Sold On
-
MLS number
WS24137293
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,5 Pros. Rank: price - $795.0K(27th), sqft - 1300(50th), beds - 3(50th), baths - 2(50th).
This home is located in a convenient area of Rosemead; schools, public transportation, and markets nearby. Good opportunity for first time buyer or investor. Act fast, this will not last.
Condition Rating
Poor
Built in 1948, this property is significantly aged. The listing description provides no details about interior condition or recent renovations, and the property analysis explicitly notes 'potential for significant capital expenditure.' With only an exterior photo showing an older, unmodernized facade, it's highly probable that the kitchen, bathrooms, and other major systems are original or have not been updated in over 30-50 years, requiring substantial repairs and rehabilitation to meet current standards and comfort.
Pros & Cons
Pros
Prime Location: Conveniently situated near schools, public transportation, and markets, enhancing daily living and accessibility.
Investment/First-Time Buyer Potential: Explicitly marketed as a good opportunity for both first-time buyers and investors, suggesting potential for appreciation or rental income.
Recent Price Reduction: A significant price drop from $850,000 to $795,000 makes the property more attractive and signals seller motivation.
Functional Layout: Offers a desirable 3-bedroom, 2-bathroom configuration, appealing to a broad range of buyers including families.
Alhambra High School District: Located within the reputable Alhambra High School District, a strong draw for families with school-aged children.
Cons
Significant Overpricing Relative to Market Estimate: The current list price of $795,000 is 19% above the estimated market value of $640,442, indicating a potential overvaluation.
Age and Potential for Updates: Built in 1948, the property is older and the description does not mention any recent renovations or modern updates, suggesting potential for significant capital expenditure.
Limited Marketing Details: The brief description lacks specific details about property condition, recent upgrades, or unique features, which could deter buyers seeking move-in ready homes or specific amenities.