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417 Meadow Lane, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 2 bath

417 Meadow Lane, Monrovia, California 91016 home-pic-0
ACTIVE$1,795,000$2,308/sqft
Est. Value: $1,622,384
-9%
AboveEstimate
417 Meadow Lane, Monrovia, California 91016
3Beds
2Baths
2,308Sqft
16,063Lot

Price Vs. Estimate

The estimated value ($1,622,383.93) is $172,616.07 (9%) lower than the list price ($1,795,000). 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 = 16063, living area = 2308.
Top Cons:
Lack of Central Air Conditioning Mention: The property description does not explicitly mention a central air conditioning system, which could be a significant drawback for comfort during warmer months in Southern California.

Compared to the nearby listings

Price:$1.79M vs avg $992.5K (+$802,500)90%
Size:2,308 sqft vs avg 1,439.5 sqft85%
Price/sqft:$778 vs avg $71461%

More Insights

Built in 1965 (61 years old).
Condition: Built in 1965, this property has undergone extensive and high-quality renovations, particularly in the kitchen and bathrooms, which feature modern quartz countertops, high-end Dacor appliances, and contemporary fixtures. The flooring, paint, and lighting throughout the main living areas are updated and in excellent condition. While the property is move-in ready and boasts significant modern upgrades, the original build year and the lack of explicit mention of central air conditioning prevent it from reaching an 'Excellent' score, suggesting some underlying systems or components might still be older.
Year Built
1965
Close
-
List price
$1.79M
Original List price
$1.79M
Price/Sqft
$778
HOA
-
Days on market
-
Sold On
-
MLS number
AR26004100
Home ConditionGood
Features
Good View: Meadow
Deck
Patio
ViewMeadow

About this home

Located on a quiet cul-de-sac street in desirable North Monrovia. This private residence offers scenic views, inviting living areas and spacious outdoors, on this 16,000 sq. ft. lot. Front door entry that opens to a step down living room, with fireplace and views of outdoor patio area. This 3 bedroom 2 bath home offers a gourmet kitchen with breakfast area, quartz counter tops, ample cupboards and pantry area. Dacor dual fuel gas 6 burner stove with 2 electric ovens and built in Dacor refrigerator, that complete this easy to work in kitchen. From the kitchen step down to formal dining room with a fireplace, plenty of room for entertaining as it opens to the family room. The family room has double doors that lead out to the patio and expansive yard. Primary suite with scenic views of Bradbury Estates. His and Her closets complete with Elfa built-in systems in both closets. Full bath with double sinks, quartz counter tops. The two additional bedrooms show light and bright and both have the Elfa built-in closet systems. Over size double garage has plenty of storage, laundry area and direct access to the kitchen. Water heater is a 50gal with recycle pump. Exterior is Hardy board siding. Attic is all floored and has lighting and a attached ladder. Outside access to the work shop and additional storage. Outside shower with hot and cold water!

M
Mary Bernstein
Listing Agent
Condition Rating
Good
Built in 1965, this property has undergone extensive and high-quality renovations, particularly in the kitchen and bathrooms, which feature modern quartz countertops, high-end Dacor appliances, and contemporary fixtures. The flooring, paint, and lighting throughout the main living areas are updated and in excellent condition. While the property is move-in ready and boasts significant modern upgrades, the original build year and the lack of explicit mention of central air conditioning prevent it from reaching an 'Excellent' score, suggesting some underlying systems or components might still be older.
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 = 16063, living area = 2308.
Desirable Location & Privacy: Situated on a quiet cul-de-sac street in desirable North Monrovia, offering enhanced privacy and a sought-after neighborhood.
Gourmet Kitchen: Features a high-end gourmet kitchen with quartz countertops, ample storage, Dacor dual fuel 6-burner stove with double ovens, and a built-in Dacor refrigerator, ideal for culinary enthusiasts.
Expansive Lot & Outdoor Amenities: Boasts a generous 16,000 sq. ft. lot with an expansive yard, workshop, additional storage, and an outdoor shower, providing significant outdoor living and utility space.
Enhanced Storage Solutions: Equipped with Elfa built-in closet systems in all bedrooms, an oversized double garage with ample storage, and a floored attic with lighting, ensuring excellent organization throughout.
Scenic Views: Offers scenic views, including specific views of Bradbury Estates from the primary suite, adding significant aesthetic appeal and value.

Cons

Lack of Central Air Conditioning Mention: The property description does not explicitly mention a central air conditioning system, which could be a significant drawback for comfort during warmer months in Southern California.
Age of Property & Potential for Updates: Built in 1965, while the kitchen and closets are updated, other systems (e.g., plumbing, electrical) or aesthetic elements may be original or dated, potentially requiring further investment for modernization.
Layout Considerations: The 'step down' living room and formal dining room, while offering distinct spaces, may not appeal to all buyers seeking a more contemporary open-concept floor plan.
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