285 East Mckinley Avenue, Pomona, California 91767, Pomona, 91767 - 4 bed, 2 bath
ACTIVE$760,000$1,550/sqft
Est. Value: $634,459
-16%
AboveEstimate
285 East Mckinley Avenue, Pomona, California 91767
4Beds
2Baths
1,550Sqft
7,524Lot
Price Vs. Estimate
The estimated value ($634,459.465) is $125,540.535 (16%) lower than the list price ($760,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7524, living area = 1550.
Top Cons:
Extensive Renovation Required: Explicitly described as a 'Fixer, FIXer, FIXER Upper,' the property requires significant investment and work to bring it to modern standards and maximize its potential.
Compared to the nearby listings
Price:$760.0K vs avg $680.0K (+$80,000)71%
Size:1,550 sqft vs avg 1,416.5 sqft64%
Price/sqft:$490 vs avg $49349%
More Insights
Built in 1957 (69 years old).
Condition: Built in 1957 and explicitly marketed as a 'Fixer, FIXer, FIXER Upper,' this property requires substantial repairs and rehabilitation. The description and property analysis indicate extensive renovation is needed, with likely age-related system concerns and outdated kitchen and bathroom conditions, aligning with a 'Poor' condition score.
Year Built
1957
Close
-
List price
$760K
Original List price
$760K
Price/Sqft
$490
HOA
-
Days on market
-
Sold On
-
MLS number
PW26010528
Home ConditionPoor
Features
ViewNeighborhood
About this home
MOTIVATED sellers. Don't wait, DON’T hesitate! This Fixer, FIXer, FIXER Upper is waiting for you. Make this hip, mid century modern one-story FOUR bedroom home to your liking. This home receives all the cache of being in Lincoln Park Historic District, BUT, it is NOT in the district…this home is just a few feet outside the historic district…so you have more options when it comes to making this home your own. Big enough yard to add an ADU or to expand the home. There is plenty of parking on the street or in the two car detached garage with an alley entrance. Large living room with beautiful original flagstone fireplace, separate dining room…or turn the living room, dining room, kitchen layout into a ‘GREAT’ room or do minimal work and turn the property into a high demand rental investment.
F
Frederick Van Allen
Listing Agent
Nearby schools
5/10
Lincoln Elementary School
Public,•PK-6•0.4mi
3/10
San Antonio Elementary School
Public,•PK-5•0.9mi
3/10
Emerson Middle School
Public,•6-8•0.4mi
4/10
Pomona High School
Public,•9-12•0.8mi
Price History
Date
Event
Price
08/05/92
Sold
$12,000
Condition Rating
Poor
Built in 1957 and explicitly marketed as a 'Fixer, FIXer, FIXER Upper,' this property requires substantial repairs and rehabilitation. The description and property analysis indicate extensive renovation is needed, with likely age-related system concerns and outdated kitchen and bathroom conditions, aligning with a 'Poor' condition score.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7524, living area = 1550.
Development Potential: The property boasts a generous 7,524 sqft lot, explicitly noted as large enough to add an Accessory Dwelling Unit (ADU) or expand the existing home, offering significant value-add opportunities.
Mid-Century Modern Charm: Featuring a 'hip, mid century modern one-story' design and a 'beautiful original flagstone fireplace,' the home offers distinct architectural character appealing to a specific buyer segment.
Strategic Location Advantage: Located 'just a few feet outside the historic district,' the property benefits from the area's cachet without the strict renovation limitations often associated with historic designations, providing greater flexibility for customization.
Ample Parking & Detached Garage: The property provides practical benefits with 'plenty of parking on the street or in the two car detached garage with an alley entrance,' a desirable feature for homeowners.
Investment & Layout Flexibility: With four bedrooms and a flexible layout that can be converted into a 'GREAT' room, the property presents strong potential as a 'high demand rental investment' or for modern open-concept living.
Cons
Extensive Renovation Required: Explicitly described as a 'Fixer, FIXer, FIXER Upper,' the property requires significant investment and work to bring it to modern standards and maximize its potential.
Age-Related System Concerns: Built in 1957, the property likely has original or outdated systems (e.g., plumbing, electrical, HVAC) that may require substantial updating or replacement, adding to overall renovation costs.
Motivated Seller Implication: The 'MOTIVATED sellers' statement suggests a potential urgency to sell, which could imply challenges with the property's condition or market appeal, potentially leading to lower offers.