347 Stedman Place, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 3 bath
347 Stedman Place
Monrovia, California 91016
Property Price
SUMMARY
Analysis of 347 Stedman Place, Monrovia, California 91016 reveals a Prime Investment Opportunity with a current list price of $1,399,000—significantly undercutting the $1,451,662 Fair Market Value by 3%. This valuation gap indicates a +$52,662 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Monrovia Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 347 Stedman Place Subject | $1,399,000* List Price | 3 | 3 | 2,350 | $618 | - |
A 378 Patterson Drive Sold | $1,280,000 | 3 | 2 | 1,700 | $753 | 0.1 mi |
B 327 E Lemon Avenue Sold | $1,070,000 | 3 | 3 | 1,420 | $754 | 0.9 mi |
C 234 N Alta Vista Avenue Sold | $1,255,000 | 4 | 3 | 2,072 | $606 | 0.3 mi |
D 277 Aspen Drive Sold | $1,325,000 | 5 | 4 | 2,246 | $590 | 0.5 mi |
E 206 S Sunset Place Sold | $1,375,000 | 4 | 3 | 1,920 | $716 | 0.9 mi |
F 356 N Alta Vista Pending | $1,399,000 List Price | 3 | 3 | 2,373 | $590 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1923, this property has undergone an extensive and high-quality recent renovation. The description explicitly states it's a 'beautifully remodeled gem' with 'brand new flooring,' 'fully upgraded bathroom,' and a 'chef’s kitchen' boasting 'brand new appliances, stylish cabinetry with elegant countertops.' The images confirm this, showcasing a modern, open-concept living area with new light-colored flooring, recessed lighting, and contemporary fixtures. The kitchen features white shaker cabinets, quartz countertops, and stainless steel appliances, all appearing virtually new. All three bathrooms are fully updated with modern vanities, marble-look tile, and glass shower enclosures. The overall condition reflects a property that has been extensively renovated within the last 5 years, with all visible components meeting current quality standards and appearing virtually new, making it move-in ready with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Remodel
The property has been beautifully and thoughtfully updated throughout, featuring brand new flooring, a fully upgraded bathroom, and a bright, open-concept living area, making it a move-in ready 'turnkey' home.
- Brand New Chef's Kitchen
The kitchen boasts brand new appliances, including a dishwasher and oven, stylish cabinetry, and elegant countertops, providing a modern and functional space for cooking and entertaining.
- Private Backyard Oasis
A spacious backyard with a relaxing jacuzzi offers a private oasis for unwinding or entertaining guests, enhancing the home's lifestyle appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2350, other record living area = 1992.
- Recently Sold Property
The property was recently sold within the past year on 2025-05-13. The sold price is $1,050,000.00.
- Original Construction Year
Despite extensive remodels, the home's original build year of 1923 means the underlying structure is quite old, which could imply potential for unforeseen maintenance related to older infrastructure not explicitly updated.
About 347 Stedman Place
MOTIVATED SELLER!!!Welcome to 347 Stedman Pl, a beautifully remodeled gem in the heart of Monrovia! This stunning home has been thoughtfully updated throughout, featuring brand new flooring, a fully upgraded bathroom, and a bright, open-concept living area perfect for modern living. The chef’s kitchen boasts brand new appliances, including a dishwasher, oven, and stylish cabinetry with elegant countertops. Step outside to discover a spacious backyard with a relaxing jacuzzi — your private oasis for unwinding or entertaining guests. The detached 2-car garage offers plenty of parking and includes an additional office area, ideal for working from home or extra storage. Located on a charming street near shopping, dining, and freeway access, this move-in ready home truly has it all. Don’t miss this incredible opportunity to own a turnkey property in one of Monrovia’s most desirable neighborhoods!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 5,604 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 2,350 | 1,519 | 80% |
| Lot Size | 5,604 | 7,374.5 | 15% |
| Price | $1.40M | $1.05M | 80% |
| Price per sq ft | $595 | $697 | 24% |
| Built year | 1923 | 1949 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 157 | 10% |
Pricing History
Listed for Sale
Jan 20, 2026
$1,399,000
Initial Listing
Sold
May 13, 2025
$1,050,000
Public Record