3205 Merrill 28, Torrance, California 90505, Torrance, 90505 - 2 bed, 2 bath

3205 Merrill 28, Torrance, California 90505 home-pic-0
ACTIVE$615,000
3205 Merrill 28, Torrance, California 90505
2Beds
2Baths
1,450Sqft
140,802Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Recent Extensive Renovations: The unit has undergone significant updates, including new flooring and fresh paint throughout, making it move-in ready and in excellent condition with no expense spared.
Top Cons:
Stock Cooperative Ownership Structure: The property is a Stock Cooperative (Co-Op), which can present challenges with financing options (often requiring specific lenders or cash), a potentially lengthy approval process by the management company, and different ownership rights compared to traditional condominiums.

Compared to the nearby listings

Price:$615.0K vs avg $621.5K ($-6,500)50%
Size:1,450 sqft vs avg 1,114 sqft96%
Price/sqft:$424 vs avg $5984%

More Insights

Built in 1963 (62 years old).
Condition: While the property boasts new flooring and fresh paint, making it move-in ready, the kitchen features dated tile countertops and white appliances. Furthermore, one of the bathrooms has a significantly outdated shower with brownish/peach-colored tile. These elements, despite the recent cosmetic updates, indicate that key areas require substantial aesthetic renovation to meet current quality and style standards for a property built in 1963.
Year Built
1963
Close
-
List price
$615K
Original List price
$630K
Price/Sqft
$424
HOA
$486
Days on market
-
Sold On
-
MLS number
SB25167067
Home ConditionFair
Features
Good View: Courtyard, Pool
Deck
Pool
ViewCourtyard, Pool

About this home

Here is your chance to own a gorgeous top floor home in a highly sought after gated community. Rarely does a unit in this complex become available, especially one with a massive balcony deck overlooking the pool area. This large 2 bedroom 2 bath home is in excellent condition and move-in ready. No expense was spared updating almost everything, installing new flooring, painting the entire unit, and preparing this home for the next lucky owner. Enjoy the abundance of natural light cascading into the fresh interior of the large living space, entertain guests in the separate dining area, on the deck, or out by the pool and community room. This unit is complete with a wonderful kitchen, plenty of storage, a primary bedroom suite, second bedroom and guest bathroom, all in a quiet and secure community. It is conveniently located near upscale restaurants, shops, Madrona Marsh, Farmers Market at Wilson Park, and the Del Amo Fashion Center. One garage space, and private storage is included with the property. This opportunity is known as a Stock Cooperative (Co-Op) and allows the buyer to benefit from acquiring a beautiful property which would normally be much more expensive. The process of obtaining approval from the management company to get ownership is very simple. More details are available on request.

Condition Rating
Fair

While the property boasts new flooring and fresh paint, making it move-in ready, the kitchen features dated tile countertops and white appliances. Furthermore, one of the bathrooms has a significantly outdated shower with brownish/peach-colored tile. These elements, despite the recent cosmetic updates, indicate that key areas require substantial aesthetic renovation to meet current quality and style standards for a property built in 1963.
Pros & Cons

Pros

Recent Extensive Renovations: The unit has undergone significant updates, including new flooring and fresh paint throughout, making it move-in ready and in excellent condition with no expense spared.
Desirable Gated Community: Located within a highly sought-after, quiet, and secure gated community where units rarely become available, indicating exclusivity and demand.
Prime Location & Local Amenities: Offers convenient access to upscale restaurants, shops, Madrona Marsh, Farmers Market, and the Del Amo Fashion Center.
Top Floor Unit with Pool Views: As a top-floor unit, it benefits from abundant natural light and features a massive balcony deck overlooking the community pool area.
Dedicated Parking & Storage: Includes a private garage space and additional private storage, adding significant value and convenience for residents.

Cons

Stock Cooperative Ownership Structure: The property is a Stock Cooperative (Co-Op), which can present challenges with financing options (often requiring specific lenders or cash), a potentially lengthy approval process by the management company, and different ownership rights compared to traditional condominiums.
Substantial Monthly Association Fee: A monthly association fee of $486.0 is a significant ongoing cost that buyers must factor into their budget, impacting overall affordability.
Building Age: Constructed in 1963, the building is over 60 years old, which may lead to concerns about the condition of common areas, infrastructure, or potential for future special assessments, despite the unit's recent updates.

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