401 E Cherry Avenue, Monrovia, California 91016, Monrovia, 91016 - 4 bed, 2 bath

401 E Cherry Avenue, Monrovia, California 91016 home-pic-0
ACTIVE$999,999
401 E Cherry Avenue, Monrovia, California 91016
4Beds
2Baths
2,166Sqft
6,466Lot

Price Vs. Estimate

The estimated value ($696,558.725) is $303,440.275 (30%) lower than the list price ($999,999). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Updates: The home is move-in ready, featuring recent modern finishes, a newer roof, dual-pane windows, plantation shutters, and updated exterior paint, reducing immediate buyer expenses.
Top Cons:
Significant Price Discrepancy: The listing price of $999,999 is substantially higher than the estimated property value of $696,558, indicating potential overpricing relative to market comparables.

Compared to the nearby listings

Price:$1000.0K vs avg $1000.0K ($-0.5)50%
Size:2,166 sqft vs avg 1,519 sqft86%
Price/sqft:$462 vs avg $7183%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, this property has undergone extensive and recent renovations, as evidenced by the 'fully updated with modern finishes in recent years' description. The gourmet kitchen features modern white shaker cabinets, quartz countertops, and stainless steel appliances, all appearing new. The master bathroom is well-remodeled with contemporary tile flooring, dual sinks, and a sleek glass-enclosed shower. Other significant updates include a newer roof, dual-pane windows, plantation shutters, newer exterior paint, and modern ductless mini-split air conditioning systems, indicating a comprehensive overhaul that meets current quality standards with minimal physical depreciation.
Year Built
1950
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$462
HOA
-
Days on market
-
Sold On
-
MLS number
AR25034637
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to this beautiful move-in ready home nestled in the heart of Monrovia. This corner lot has been meticulous taken care of and has been fully updated with modern finishes in recent years. The single-level home features 4 bedrooms and 2 bathrooms, and spans 2,166 sqft of living space. Upon arrival, you’re greeted with beautiful fruit trees and excellent landscaping that spared no expense. This South-facing home features an open floor plan with a bright and airy family room, opening to the gourmet kitchen. The front bedroom has it's own separate entry that can be utilized for convenience. The spacious master suite opens directly to the back yard and connects to a well-remodeled master bathroom with dual sinks. The gourmet kitchen is equipped with quartz countertops, stainless steel appliances including a refrigerator, dishwasher, and range. The home also includes a one-car garage, as well as two storage sheds in the spacious back yard. Additional amenities include newer roof, dual pane windows, plantation shutters, newer exterior paint, and ductless mini-split air conditioning systems. Its prime location offers convenience to parks, golf courses, racetracks, supermarkets, a library, hospital, and fine dining options. Easy access to the 210, 605, and 10 freeways, and in proximity to Monrovia schools. Don’t miss out on this wonderful opportunity!

Condition Rating
Excellent

Despite being built in 1950, this property has undergone extensive and recent renovations, as evidenced by the 'fully updated with modern finishes in recent years' description. The gourmet kitchen features modern white shaker cabinets, quartz countertops, and stainless steel appliances, all appearing new. The master bathroom is well-remodeled with contemporary tile flooring, dual sinks, and a sleek glass-enclosed shower. Other significant updates include a newer roof, dual-pane windows, plantation shutters, newer exterior paint, and modern ductless mini-split air conditioning systems, indicating a comprehensive overhaul that meets current quality standards with minimal physical depreciation.
Pros & Cons

Pros

Extensive Modern Updates: The home is move-in ready, featuring recent modern finishes, a newer roof, dual-pane windows, plantation shutters, and updated exterior paint, reducing immediate buyer expenses.
Prime Monrovia Location: Nestled in the heart of Monrovia, offering convenient access to parks, golf courses, essential amenities (supermarkets, hospital, library), fine dining, and major freeways (210, 605, 10).
Gourmet Kitchen: Equipped with a gourmet kitchen featuring quartz countertops and stainless steel appliances, including a refrigerator, dishwasher, and range.
Flexible Living Space: An open floor plan with a bright family room and a front bedroom with its own separate entry provides versatility for various living arrangements or potential uses.
Enhanced Outdoor Living & Curb Appeal: A corner lot with meticulous landscaping, beautiful fruit trees, a spacious backyard, and two storage sheds, contributing to strong curb appeal and practical outdoor utility.

Cons

Significant Price Discrepancy: The listing price of $999,999 is substantially higher than the estimated property value of $696,558, indicating potential overpricing relative to market comparables.
Limited Garage Space: The property features only a one-car garage, which may be insufficient for families or buyers requiring more vehicle storage or workshop space.
Age of Original Structure: While updated, the original build year of 1950 could imply older underlying infrastructure (e.g., plumbing, electrical) that may require future attention, despite modern cosmetic finishes.

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