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347 Stedman Place, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 3 bath

347 Stedman Place, Monrovia, California 91016 home-pic-0
ACTIVE$1,518,800
347 Stedman Place, Monrovia, California 91016
3Beds
3Baths
2,350Sqft
5,604Lot

Price Vs. Estimate

The estimated value ($1,518,800) is $0 (0%) lower than the list price ($1,518,800). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The property has been 'beautifully remodeled' with 'brand new flooring,' a 'fully upgraded bathroom,' and an 'open-concept living area,' making it a 'move-in ready' and 'turnkey property.'
Top Cons:
Recent Price Reductions: The property has undergone multiple price reductions from its original list price and is currently listed 3% above its estimated value, potentially indicating overpricing or difficulty in attracting buyers.

Compared to the nearby listings

Price:$1.52M vs avg $1.02M (+$493,800)88%
Size:2,350 sqft vs avg 1,519 sqft88%
Price/sqft:$646 vs avg $71831%

More Insights

Built in 1923 (102 years old).
Condition: Despite being built in 1923, this property has undergone a comprehensive and recent renovation, as evidenced by the description stating 'beautifully remodeled,' 'thoughtfully updated throughout,' 'brand new flooring,' and a 'fully upgraded bathroom.' The kitchen features brand new appliances, stylish cabinetry, and elegant countertops, all of which appear modern and new in the images. The bathroom also showcases new fixtures, a modern vanity, and a glass-enclosed shower. The overall aesthetic is bright, open-concept, and move-in ready, indicating that all major components and finishes are new or virtually new, meeting current quality standards.
Year Built
1923
Close
-
List price
$1.52M
Original List price
$1.58M
Price/Sqft
$646
HOA
-
Days on market
-
Sold On
-
MLS number
OC25167283
Home ConditionExcellent
Features
Good View:
Spa
Patio
View

About this home

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!

Condition Rating
Excellent
Despite being built in 1923, this property has undergone a comprehensive and recent renovation, as evidenced by the description stating 'beautifully remodeled,' 'thoughtfully updated throughout,' 'brand new flooring,' and a 'fully upgraded bathroom.' The kitchen features brand new appliances, stylish cabinetry, and elegant countertops, all of which appear modern and new in the images. The bathroom also showcases new fixtures, a modern vanity, and a glass-enclosed shower. The overall aesthetic is bright, open-concept, and move-in ready, indicating that all major components and finishes are new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Extensive Modern Renovation: The property has been 'beautifully remodeled' with 'brand new flooring,' a 'fully upgraded bathroom,' and an 'open-concept living area,' making it a 'move-in ready' and 'turnkey property.'
Gourmet Chef's Kitchen: Features a 'chef’s kitchen' with 'brand new appliances,' 'stylish cabinetry,' and 'elegant countertops,' appealing to modern culinary needs.
Private Outdoor Oasis: A 'spacious backyard with a relaxing jacuzzi' provides an ideal space for unwinding and entertaining guests.
Functional Detached Garage with Office: The 'detached 2-car garage' includes an 'additional office area,' offering valuable versatility for remote work or extra storage.
Desirable Neighborhood & Accessibility: Situated on a 'charming street' in 'one of Monrovia’s most desirable neighborhoods,' with convenient access to 'shopping, dining, and freeway.'

Cons

Recent Price Reductions: The property has undergone multiple price reductions from its original list price and is currently listed 3% above its estimated value, potentially indicating overpricing or difficulty in attracting buyers.
Age of Original Structure: Despite extensive remodels, the home was originally built in 1923, which might raise concerns for some buyers regarding the integrity of older systems (e.g., plumbing, electrical, foundation) not explicitly mentioned as updated.
'Motivated Seller' Implication: The 'MOTIVATED SELLER!!!' tag, while potentially attractive to buyers, can signal urgency or a desire to sell quickly, which might invite lower offers or suggest a challenging sales process.

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