337 Meadow Lane, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$1,472,000
337 Meadow Lane, Monrovia, California 91016
3Beds
2Baths
1,912Sqft
17,036Lot
Price Vs. Estimate
The estimated value ($1,472,000) is $0 (0%) lower than the list price ($1,472,000). 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 = 17036, living area = 1912.
Top Cons:
Age of Property: Built in 1964, the property may require significant updates to interior finishes, systems (e.g., HVAC, plumbing, electrical), or energy efficiency to meet modern standards and buyer expectations.
Compared to the nearby listings
Price:$1.47M vs avg $1.05M (+$422,000)86%
Size:1,912 sqft vs avg 1,520 sqft78%
Price/sqft:$770 vs avg $72059%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this property has undergone renovations, but they are not recent enough to qualify for a 'Good' rating. The kitchen features light wood cabinets and granite countertops, a style that suggests an update approximately 15-25 years ago. While functional and well-maintained, it is not modern. The bathroom appears to have been updated more recently, likely within the last 10-15 years, with contemporary fixtures and a glass shower enclosure. Hardwood flooring in the main living areas and recessed lighting are positive updates. However, the overall aesthetic and the age of the property (60 years old) indicate that while maintained, some components are outdated and may require further updates to meet current standards, aligning with the 'Fair' condition criteria.
Year Built
1964
Close
-
List price
$1.47M
Original List price
$1.58M
Price/Sqft
$770
HOA
-
Days on market
-
Sold On
-
MLS number
AR25181250
Home ConditionFair
Features
Good View: City Lights, Mountain(s), Neighborhood
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Neighborhood
About this home
Tucked away at the end of a quiet cul-de-sac in coveted North Monrovia, 337 Meadow Lane offers the perfect blend of privacy, charm, and resort-style living. This 3-bedroom, 2-bath home is nestled among mature oak trees and features a sparkling pool with a spa that cascades into the water by way of a tranquil waterfall—a true backyard retreat. A long private driveway enhances the sense of seclusion, while the beautifully landscaped setting and sweeping views create an atmosphere you’ll never want to leave. Inside, the warm and inviting layout is filled with natural light, while outside, the peaceful surroundings make you feel worlds away from the city. Yet, you’re just minutes from vibrant Downtown Monrovia, where you can enjoy shops, restaurants, and the lively Friday Night Street Fair. This rare property combines the tranquility of nature with the convenience of in-town living.
Condition Rating
Fair
Built in 1964, this property has undergone renovations, but they are not recent enough to qualify for a 'Good' rating. The kitchen features light wood cabinets and granite countertops, a style that suggests an update approximately 15-25 years ago. While functional and well-maintained, it is not modern. The bathroom appears to have been updated more recently, likely within the last 10-15 years, with contemporary fixtures and a glass shower enclosure. Hardwood flooring in the main living areas and recessed lighting are positive updates. However, the overall aesthetic and the age of the property (60 years old) indicate that while maintained, some components are outdated and may require further updates to meet current standards, aligning with the 'Fair' condition criteria.
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 = 17036, living area = 1912.
Prime Location & Privacy: Tucked away at the end of a quiet cul-de-sac in coveted North Monrovia, featuring a long private driveway that enhances a strong sense of seclusion.
Resort-Style Outdoor Living: Offers a sparkling pool with a spa and tranquil waterfall, creating a true backyard retreat within a beautifully landscaped setting.
Expansive Views: Boasts sweeping views including City Lights, Mountains, and Neighborhood vistas, adding significant aesthetic and intrinsic value.
Generous Lot Size: Sits on a substantial 17,036 sqft lot, providing ample space, privacy, and potential for further outdoor development or expansion.
Convenient Urban Access: Despite its secluded feel, the property is just minutes from vibrant Downtown Monrovia, offering easy access to shops, restaurants, and local events.
Cons
Age of Property: Built in 1964, the property may require significant updates to interior finishes, systems (e.g., HVAC, plumbing, electrical), or energy efficiency to meet modern standards and buyer expectations.
Recent Price Reduction: A recent price reduction from $1.579M to $1.472M could indicate that the property was initially overpriced or is experiencing market resistance at its current level.
Modest Interior Size for Price Point: With 1912 sqft and 3 beds/2 baths, the interior living space might be considered modest by some buyers given the $1.472M price tag, especially when compared to newer or larger homes in a similar luxury segment.