501 N Santa Anita Avenue D, Arcadia, California 91006, Arcadia, 91006 - 3 bed, 3 bath
ACTIVE$1,166,000
501 N Santa Anita Avenue D, Arcadia, California 91006
3Beds
3Baths
1,960Sqft
49,744Lot
Year Built
2020
Close
-
List price
$1.17M
Original List price
$1.27M
Price/Sqft
$595
HOA
$522
Days on market
-
Sold On
-
MLS number
CV25094121
Home ConditionExcellent
Features
Good View: City Lights, None
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.17M(50th), sqft - 1960(67th), beds - 3(50th), baths - 3(50th).
Condition Rating
Excellent
This property was built in 2020, making it a very new construction. The 'Modern Construction' strength explicitly states it offers contemporary design, updated systems, and minimal immediate maintenance requirements. While interior images are not provided, the recent build year strongly indicates that all components, including kitchen, bathrooms, appliances, and systems, are new or virtually new, meeting current quality standards with no deferred maintenance and minimal physical depreciation. The exterior also appears modern and well-maintained.
Pros & Cons
Pros
Prime Location: Situated in Arcadia, a highly desirable Southern California city renowned for its excellent quality of life and top-tier school district.
Modern Construction: Built in 2020, this property offers contemporary design, updated systems, and minimal immediate maintenance requirements.
Spacious Living Area: With 1960 square feet, this 3-bedroom, 3-bathroom condominium provides ample and comfortable living space, uncommon for its type.
Significant Price Adjustment: The current list price reflects a substantial reduction from its original listing, potentially offering an attractive value proposition for buyers.
Aesthetic Appeal: Features desirable 'City Lights' views, enhancing the property's visual appeal and overall living experience.
Cons
High Association Fees: The monthly association fee of $522.00 represents a significant ongoing cost that buyers must factor into their budget.
Condominium Restrictions: As a condominium, ownership may entail shared walls, reduced privacy, and adherence to HOA rules that could limit personal modifications or usage.
Market Performance Indication: The notable price reduction from the original listing suggests potential market resistance or an initial overvaluation, which could impact future resale perceptions.