515 W Florence Avenue, La Habra, California 90631, La Habra, 90631 - 6 bed, 4 bath
ACTIVE$1,300,000
515 W Florence Avenue, La Habra, California 90631
6Beds
4Baths
2,292Sqft
6,500Lot
Price Vs. Estimate
The estimated value ($711,079.305) is $588,920.695 (45%) lower than the list price ($1,300,000). This property may be overpriced.
Key pros and cons
Top Pros:
Dual Homes / ADU: The property features two distinct, beautifully remodeled homes (a main house and a detached ADU), offering exceptional versatility for multi-generational living, guest accommodation, or significant rental income potential.
Top Cons:
Significant Price Discrepancy: The listing price of $1.3 million is substantially higher than the property's estimated value ($711,079) and the prices of comparable homes in the area (around $960k-$1M), which could impact marketability and buyer interest.
Compared to the nearby listings
Price:$1.30M vs avg $970.0K (+$330,000)77%
Size:2,292 sqft vs avg 1,695 sqft74%
Price/sqft:$567 vs avg $58244%
More Insights
Built in 1924 (101 years old).
Condition: Despite the original build year of 1924, the property has undergone a complete 'from the studs up' renovation, including brand new plumbing, electrical, high-end finishes, and modern flooring, countertops, and cabinetry in both the main house and the ADU. This extensive and recent renovation ensures all components are new or virtually new, meeting current quality standards, and the property is move-in ready with no deferred maintenance. The kitchens and bathrooms are described as modern and feature stylish, new materials.
Year Built
1924
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
PW25026322
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
Discover this exceptional property in La Habra, featuring two beautifully remodeled homes! The front house offers 3 spacious bedrooms and 2 modern bathrooms, while the detached 3 bedroom, 2 bath ADU provides additional living space ideal for multi-generational living, guests, or rental income. Both homes have been completely renovated from the studs up, with high-end finishes and thoughtful attention to detail. From brand new plumbing and electrical to stylish flooring, countertops, and cabinetry, this home is move-in ready! Set on a spacious 6,500 square foot lot the property includes a lovely backyard, perfect for outdoor gatherings or simply enjoying the ornamental plantings. Located in a desirable La Habra neighborhood, you’ll have convenient access to shopping, dining, parks, and schools. This is an amazing opportunity to own two stunning, turnkey homes!
Price History
Date
Event
Price
06/12/20
Sold
$487,000
Condition Rating
Excellent
Despite the original build year of 1924, the property has undergone a complete 'from the studs up' renovation, including brand new plumbing, electrical, high-end finishes, and modern flooring, countertops, and cabinetry in both the main house and the ADU. This extensive and recent renovation ensures all components are new or virtually new, meeting current quality standards, and the property is move-in ready with no deferred maintenance. The kitchens and bathrooms are described as modern and feature stylish, new materials.
Pros & Cons
Pros
Dual Homes / ADU: The property features two distinct, beautifully remodeled homes (a main house and a detached ADU), offering exceptional versatility for multi-generational living, guest accommodation, or significant rental income potential.
Extensive Renovation: Both homes have undergone a comprehensive 'from the studs up' renovation, including brand new plumbing, electrical, and high-end finishes, ensuring a modern and worry-free living experience.
Turnkey Condition: The property is completely move-in ready, eliminating the need for immediate renovations or upgrades, which is a significant advantage for buyers seeking convenience and cost savings.
Spacious Lot & Outdoor Space: Set on a generous 6,500 square foot lot, the property includes a lovely backyard with ornamental plantings, providing ample space for outdoor gatherings and relaxation.
Desirable Location: Located in a desirable La Habra neighborhood, residents benefit from convenient access to local shopping, dining, parks, and schools, enhancing lifestyle and property appeal.
Cons
Significant Price Discrepancy: The listing price of $1.3 million is substantially higher than the property's estimated value ($711,079) and the prices of comparable homes in the area (around $960k-$1M), which could impact marketability and buyer interest.
Age of Original Structure: Despite extensive renovations, the original structure dates back to 1924. While major systems are new, some buyers may have concerns regarding the long-term integrity or potential unseen issues associated with a nearly century-old foundation or frame.
Limited Direct Comparables: The unique offering of two fully renovated homes on one lot may make it challenging to find direct comparable sales in the immediate neighborhood, potentially complicating valuation and buyer confidence.