529 N Leland, San Pedro, California 90732, San Pedro, 90732 - 3 bed, 2 bath
ACTIVE$1,150,000$1,375/sqft
Est. Value: $1,085,908
-5%
AboveEstimate
529 N Leland, San Pedro, California 90732
3Beds
2Baths
1,375Sqft
4,802Lot
Price Vs. Estimate
The estimated value ($1,085,908.495) is $64,091.505 (5%) lower than the list price ($1,150,000). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive Remodel: The property has been 'Completely Remodeled with permits,' indicating significant recent investment in modernizing the home and ensuring structural integrity.
Top Cons:
Significant Price Appreciation: The property sold for $690,000 in June 2024 and is now listed at $1,150,000. While a remodel justifies an increase, a 66% price jump in a short timeframe may be perceived as aggressive and require strong justification to potential buyers.
Compared to the nearby listings
Price:$1.15M vs avg $1.14M (+$12,000)52%
Size:1,375 sqft vs avg 1,647 sqft30%
Price/sqft:$836 vs avg $65979%
More Insights
Built in 1960 (66 years old).
Condition: The property has been 'Completely Remodeled with permits,' including 'new windows' and 'new floors.' This extensive renovation, likely completed very recently given the sales history, indicates that the kitchen, bathrooms, and other key components are new or virtually new, meeting current quality standards. While the original structure dates to 1960, a 'complete remodel with permits' typically addresses major systems to current codes, ensuring minimal deferred maintenance and a move-in ready condition consistent with an excellent rating.
Year Built
1960
Close
-
List price
$1.15M
Original List price
$115M
Price/Sqft
$836
HOA
-
Days on market
-
Sold On
-
MLS number
PW25280231
Home ConditionExcellent
Features
Good View: Harbor
ViewHarbor
About this home
Completely Remodeled with permits. Remodeled includes new windows, New floors.
A
Angelica Molina
Listing Agent
Price History
Date
Event
Price
06/07/24
Sold
$690,000
Condition Rating
Excellent
The property has been 'Completely Remodeled with permits,' including 'new windows' and 'new floors.' This extensive renovation, likely completed very recently given the sales history, indicates that the kitchen, bathrooms, and other key components are new or virtually new, meeting current quality standards. While the original structure dates to 1960, a 'complete remodel with permits' typically addresses major systems to current codes, ensuring minimal deferred maintenance and a move-in ready condition consistent with an excellent rating.
Pros & Cons
Pros
Extensive Remodel: The property has been 'Completely Remodeled with permits,' indicating significant recent investment in modernizing the home and ensuring structural integrity.
Key Modern Upgrades: Specific upgrades like 'new windows' and 'new floors' enhance energy efficiency, aesthetic appeal, and reduce immediate maintenance costs for the buyer.
Desirable Harbor View: Boasting a 'Harbor' view, this premium amenity significantly enhances the property's lifestyle appeal and market value in a coastal community.
Functional Layout: With 3 bedrooms and 2 bathrooms, the property offers a practical and sought-after configuration suitable for various household sizes.
Single-Family Residence: As a single-family home, it provides privacy, autonomy, and typically greater long-term appreciation potential compared to other residential types.
Cons
Significant Price Appreciation: The property sold for $690,000 in June 2024 and is now listed at $1,150,000. While a remodel justifies an increase, a 66% price jump in a short timeframe may be perceived as aggressive and require strong justification to potential buyers.
Age of Original Structure: Despite extensive remodeling, the property was built in 1960, meaning underlying systems (e.g., plumbing, electrical, foundation) are over 60 years old and could lead to unforeseen maintenance or upgrade needs beyond the visible improvements.
Data Inconsistencies in Listing: The listing contains conflicting and future-dated information (e.g., 'on_market_date', 'modified_timestamp', and an improbable 'original_list_price' of $115M), which can create confusion and potentially raise questions about the accuracy and reliability of the property details.