3121 Monterey Road, San Marino, California 91108, San Marino, 91108 - 7 bed, 5 bath

3121 Monterey Road, San Marino, California 91108 home-pic-0
ACTIVE$8,288,000
3121 Monterey Road, San Marino, California 91108
7Beds
5Baths
6,004Sqft
41,961Lot

Price Vs. Estimate

The estimated value ($5,976,422.54) is $2,311,577.46 (27%) lower than the list price ($8,288,000). 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 = 41961, living area = 6004.
Top Cons:
Significant Overvaluation: The current listing price of $8.288 million is considerably higher than the estimated property value of approximately $5.976 million, potentially indicating an aggressive pricing strategy.

Compared to the nearby listings

Price:$8.29M vs avg $2.96M (+$5,328,000)99%
Size:6,004 sqft vs avg 2,750 sqft97%
Price/sqft:$1.4K vs avg $1.1K94%

More Insights

Built in 1932 (93 years old).
Condition: Despite being built in 1932, this estate has undergone an extensive, high-quality renovation. The chef's kitchen is fully updated with top-of-the-line Sub-Zero and Wolf appliances, modern cabinetry, and marble-look countertops. The primary bathroom is luxurious, featuring a freestanding tub, large walk-in shower, and contemporary fixtures. Throughout the home, wide plank mahogany floors are impeccably maintained, and renovated spaces boast recessed lighting and modern finishes. The lower level is fully finished with a wet bar, wine storage, gym, and movie area, while the exterior offers a resort-like experience with a pool, spa, and outdoor kitchen. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1932
Close
-
List price
$8.29M
Original List price
$8.29M
Price/Sqft
$1,380
HOA
-
Days on market
-
Sold On
-
MLS number
P1-19220
Home ConditionExcellent
Features
Good View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Welcome to this gated, private and secure 1932 Monterey Colonial estate, set back off the street, on nearly one flat acre of beautifully hedged and landscaped grounds. The front yard features a circular driveway, deep grassy front yard, and mature trees. Offering 7 bedrooms and 4.5 baths, this home showcases a wonderful floor plan for entertaining and everyday living. There are French doors from all of the main rooms of the ground floor, leading you to the spacious and private yard. The formal rooms showcase wide plank peg and groove mahogany floors. The formal living room features a fireplace, large bay window and beamed ceiling, and 3 sets of French doors. There are built-in speakers in the main rooms and outside, creating an inviting ambiance. The formal dining room faces the rear yard and has access to the large covered side patio and outdoor fireplace, creating a huge space for family and friends to gather. The wood paneled library is a quiet retreat to read by the fireplace or work from home. At the rear of the home is the large center-island chef's kitchen, which is open to the family room. This light and bright gathering area features 2 sets of French doors to the rear yard and a large fireplace. The kitchen is complete with a walk-in food pantry, Sub-Zero refrigerator/freezer, 6- burner Wolf cooktop, dishwasher drawers and separate standard size dishwasher, Panasonic microwave & warming drawer, and electric Wolf double oven. The main level also offers a butler's pantry, large laundry room, and formal powder bathroom and one en-suite bedroom.The upstairs offers 6 bedrooms and 3 bathrooms, and a family room/retreat. Offering mountain views and abundant privacy overlooking the rear yard, the spacious primary suite is a quiet retreat with dual closets, and a well-appointed luxurious bath. Completing the home is the natural light-filled lower level, which features a wet bar with wine refrigerator, wine storage, a studio-style music room, a gym, a movie viewing/entertainment area, cedar closet, abundant storage, and access to the exterior. The park-like rear yard is the perfect place to host a large gathering where you can enjoy the open grassy area, the beautiful pool and spa, outdoor kitchen with built-in BBQ, children's play area and the entertainment patio with built-in speakers and heaters. This special property, located near Lacy Park, is truly a place to call home.

Condition Rating
Excellent

Despite being built in 1932, this estate has undergone an extensive, high-quality renovation. The chef's kitchen is fully updated with top-of-the-line Sub-Zero and Wolf appliances, modern cabinetry, and marble-look countertops. The primary bathroom is luxurious, featuring a freestanding tub, large walk-in shower, and contemporary fixtures. Throughout the home, wide plank mahogany floors are impeccably maintained, and renovated spaces boast recessed lighting and modern finishes. The lower level is fully finished with a wet bar, wine storage, gym, and movie area, while the exterior offers a resort-like experience with a pool, spa, and outdoor kitchen. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 41961, living area = 6004.
Prime San Marino Estate: Gated, private 1932 Monterey Colonial estate on nearly one flat acre in a prestigious San Marino location, offering exceptional privacy and proximity to Lacy Park.
Resort-Style Outdoor Amenities: Expansive park-like rear yard featuring a pool, spa, outdoor kitchen with built-in BBQ, children's play area, and an entertainment patio with built-in speakers and heaters.
Luxurious & Comprehensive Interior: Boasts 7 bedrooms, 4.5 baths, a chef's kitchen with high-end Sub-Zero and Wolf appliances, a wood-paneled library, and a fully equipped lower level with a wet bar, wine storage, music room, gym, and movie area.
Elegant Architectural Details: Showcases classic 1932 Monterey Colonial charm with wide plank peg and groove mahogany floors, beamed ceilings, bay windows, and numerous French doors enhancing indoor-outdoor flow.
Versatile Living & Entertaining Spaces: Thoughtfully designed floor plan includes formal living and dining rooms, an open-concept kitchen/family room, an upstairs family retreat, and a main-level en-suite bedroom, ideal for multi-generational living or grand entertaining.

Cons

Significant Overvaluation: The current listing price of $8.288 million is considerably higher than the estimated property value of approximately $5.976 million, potentially indicating an aggressive pricing strategy.
High Ongoing Maintenance: A large 1932 estate on nearly an acre with extensive landscaping and numerous amenities (pool, spa, outdoor kitchen) will likely incur substantial ongoing maintenance and utility costs.
Absence of Central Cooling System: The property description does not explicitly mention a central air conditioning system, which could be a notable comfort deficiency for a luxury home in Southern California's climate.

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