522 S 5th Street, Montebello, California 90640, Montebello, 90640 - 5 bed, 2 bath

ACTIVE$850,000
522 S 5th Street, Montebello, California 90640
5Beds
2Baths
1,662Sqft
6,181Lot
Year Built
1965
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$511
HOA
-
Days on market
-
Sold On
-
MLS number
MB25139094
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $850.0K(51th), sqft - 1662(61th), beds - 5(90th), baths - 2(50th).
Spacious home in a high demand Montebello neighborhood. Home offers a very spacious and open floor plan for gatherings and entertaining.5 bedrooms plus bonus enclosed patio room, beautiful kitchen, 2 car garage. All information deemed reliable but not guaranteed.
Price History
Date
Event
Price
12/27/16
Sold
$480,000
Condition Rating
Fair
The property, built in 1965, shows a mix of updates and original features. While one bathroom appears recently and tastefully renovated with modern fixtures and tiling, the kitchen, despite being described as 'beautiful' and featuring stainless steel appliances and granite countertops, has a cabinet style that suggests an update from 10-15 years ago rather than a recent, contemporary renovation. A significant factor is the absence of central HVAC, which is a major system update required for modern comfort. The enclosed patio also appears to be a less finished space. Overall, the home is maintained and has some good updates, but the age of the house and the lack of central heating/cooling indicate it requires substantial updates beyond minor repairs to meet current quality and comfort standards throughout.
Pros & Cons
Pros
Spacious Floor Plan: The home boasts a very spacious and open floor plan, ideal for family gatherings and entertaining.
High Demand Location: Situated in a high demand Montebello neighborhood, indicating desirability and potential for appreciation.
Generous Bedroom Count: With 5 bedrooms, the property offers ample space for larger families or those requiring extra rooms for offices or guests.
Versatile Bonus Space: Includes a bonus enclosed patio room, providing additional flexible living space that can be adapted to various needs.
Beautiful Kitchen: The presence of a 'beautiful kitchen' suggests it is either recently updated or in excellent condition, serving as a key selling point.
Cons
Significant Valuation Discrepancy: The current list price is substantially higher than the property's estimated value, suggesting potential overpricing or a need for strong justification.
Potential for Deferred Maintenance/Updates: Built in 1965, and with only the kitchen explicitly mentioned as 'beautiful,' other areas of the home may require modernization or significant maintenance beyond cosmetic updates.
Absence of Central HVAC: The property description does not mention a central air conditioning or heating system, which could be a notable drawback for comfort and may necessitate future investment.




























