523 E Covina, Covina, California 91722, Covina, 91722 - 3 bed, 2 bath
ACTIVE$799,000$1,233/sqft
Est. Value: $662,319
-17%
AboveEstimate
523 E Covina, Covina, California 91722
3Beds
2Baths
1,233Sqft
7,324Lot
Price Vs. Estimate
The estimated value ($662,319.13) is $136,680.87 (17%) lower than the list price ($799,000). 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 = 7324, living area = 1233.
Top Cons:
As-Is Sale Condition: The property is being sold 'as-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance, potentially adding significant costs.
Compared to the nearby listings
Price:$799.0K vs avg $780.0K (+$19,000)57%
Size:1,233 sqft vs avg 1,374 sqft32%
Price/sqft:$648 vs avg $55280%
More Insights
Built in 1955 (71 years old).
Condition: Built in 1955, this property is 69 years old with no indication of recent renovations. The 'as-is' sale condition and 'drive-by only' restriction strongly imply that the interior, including the kitchen and bathrooms, is severely outdated and likely requires substantial repairs and rehabilitation for major systems and finishes. The exterior also shows its age, lacking modern updates.
Year Built
1955
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$648
HOA
-
Days on market
-
Sold On
-
MLS number
DW26006199
Home ConditionPoor
Features
View-
About this home
Single-family home located in a convenient, beautiful Covina neighborhood near shopping, dining, major streets, and freeways. Property is currently occupied; do not disturb occupants. Drive-by only. Property to be sold as-is.
E
Elvis Huerta
Listing Agent
Price History
Date
Event
Price
09/21/10
Sold
$340,000
Condition Rating
Poor
Built in 1955, this property is 69 years old with no indication of recent renovations. The 'as-is' sale condition and 'drive-by only' restriction strongly imply that the interior, including the kitchen and bathrooms, is severely outdated and likely requires substantial repairs and rehabilitation for major systems and finishes. The exterior also shows its age, lacking modern updates.
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 = 7324, living area = 1233.
Prime Covina Location: Situated in a convenient and beautiful Covina neighborhood, offering easy access to shopping, dining, major streets, and freeways, enhancing its desirability.
Spacious Lot Size: A generous 7,324 sqft lot provides ample outdoor space for recreation, gardening, or potential future expansion possibilities.
Desirable School District: Located within the highly-regarded Covina Valley Unified School District, which is a significant draw for families with school-aged children.
Classic Single-Family Residence: A traditional 3-bedroom, 2-bathroom single-family home, a highly sought-after property type in the residential market.
Strong Market Appreciation: The property's sales history indicates significant value growth in the area since its last sale, suggesting a robust investment potential.
Cons
As-Is Sale Condition: The property is being sold 'as-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance, potentially adding significant costs.
Restricted Access for Showings: The 'drive-by only' and 'do not disturb occupants' stipulations severely limit potential buyers' ability to view the interior and conduct thorough inspections, creating uncertainty and potentially deterring offers.
Age of Property: Built in 1955, the home is over 65 years old, which may imply the need for updates to systems (plumbing, electrical, HVAC) and finishes to meet modern standards and preferences.