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5498 Monte Vista Way, Antioch, California 94531, Antioch, 94531 - 4 bed, 4 bath

5498 Monte Vista Way, Antioch, California 94531 home-pic-0
ACTIVE$875,000
5498 Monte Vista Way, Antioch, California 94531
4Beds
4Baths
2,666Sqft
7,309Lot

Price Vs. Estimate

The estimated value ($842,052.425) is $32,947.575 (3%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Assumable FHA Loan: The property offers an assumable FHA loan with a highly attractive 2.75% interest rate, providing a significant financial advantage to qualified buyers in the current market.
Top Cons:
Monthly Association Fee: The property incurs a monthly association fee of $191.0, which is an ongoing cost that buyers must factor into their budget.

Compared to the nearby listings

Price:$875.0K vs avg $670.0K (+$205,000)95%
Size:2,666 sqft vs avg 2,251 sqft76%
Price/sqft:$328 vs avg $30861%

More Insights

Built in 2021 (4 years old).
Condition: This property, built in 2021, is virtually brand new and presents in 'model home' condition, as stated in the description. It features a contemporary open layout with vaulted cathedral ceilings, modern light fixtures, and premium shutters. The kitchen boasts white and dark cabinetry, white quartz countertops, stainless steel appliances, and a stylish subway tile backsplash. Bathrooms are equally impressive with modern vanities, quartz countertops, and updated fixtures. The flooring, a mix of light wood-look LVP and clean carpets, is in pristine condition. With over $150K in upgrades, including owned solar and a 220V car charger, all systems and finishes are new, meeting current quality standards with no signs of wear or deferred maintenance.
Year Built
2021
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$328
HOA
$191
Days on market
-
Sold On
-
MLS number
41111119
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

IT'S A BEAUTY! JUST LIKE A MODEL HOME! LARGE YARD! HONEY, STOP THE CAR! >>>FHA ASSUMABLE LOAN, 2.75% <<< (TO QUALIFIED BUYERS AND APPROVAL FROM EXISTING LENDER!!!) Located in Parkridge, The Hills - most commuter-friendly neighborhoods, minutes from Hwy 4, BART, Trader Joe’s, and Target, this sought-after Plan 4 features a contemporary open layout with vaulted cathedral ceilings and a downstairs junior suite with full bath. Over $150K in upgrades include 13-panel owned solar, custom stair railing, crown molding with ceiling beams, wainscoting wall accents, premium shutters, pantry with custom shelving, and more. Enjoy the electric fireplace with mantel, built-in TV, and custom bookcase in the loft—perfect for movie nights or relaxing. Thoughtfully designed with 2 sliding doors to the backyard (from both dining and living rooms), closet organizers, 220V car charger, and a landscaped yard with concrete patio, grass, pavers, and retaining wall. Just a short walk to the community park and scenic trails with breathtaking Mt. Diablo views. This is the most popular floor plan in the community—looks good and lives even better!

Condition Rating
Excellent
This property, built in 2021, is virtually brand new and presents in 'model home' condition, as stated in the description. It features a contemporary open layout with vaulted cathedral ceilings, modern light fixtures, and premium shutters. The kitchen boasts white and dark cabinetry, white quartz countertops, stainless steel appliances, and a stylish subway tile backsplash. Bathrooms are equally impressive with modern vanities, quartz countertops, and updated fixtures. The flooring, a mix of light wood-look LVP and clean carpets, is in pristine condition. With over $150K in upgrades, including owned solar and a 220V car charger, all systems and finishes are new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Assumable FHA Loan: The property offers an assumable FHA loan with a highly attractive 2.75% interest rate, providing a significant financial advantage to qualified buyers in the current market.
Extensive Upgrades & Modern Amenities: Boasting over $150,000 in upgrades, including owned solar panels, custom interior finishes (stair railing, crown molding, wainscoting), a 220V car charger, and a thoughtfully landscaped yard, enhancing its value and appeal.
New Construction & Model Home Condition: Built in 2021, the property is practically new and described as 'just like a model home,' implying minimal immediate maintenance and a contemporary aesthetic.
Desirable Floor Plan & Layout: Features the community's most popular floor plan, including a convenient downstairs junior suite with a full bath, vaulted cathedral ceilings, and an open layout, catering to modern living needs.
Commuter-Friendly Location & Community Amenities: Situated in 'The Hills' subdivision, it offers excellent commuter access to Hwy 4 and BART, proximity to retail (Trader Joe's, Target), and walking distance to a community park with scenic Mt. Diablo views.

Cons

Monthly Association Fee: The property incurs a monthly association fee of $191.0, which is an ongoing cost that buyers must factor into their budget.
Listing Price Above Estimated Value: The current listing price of $875,000 is slightly above the property's estimated value of $859,531.595, potentially indicating a premium or requiring negotiation.
FHA Loan Qualification Contingency: While the assumable FHA loan is a major strength, it is contingent upon 'qualified buyers and approval from existing lender,' which could limit the pool of eligible purchasers for this specific benefit.

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