550 Fermoore, San Fernando, California 91340, San Fernando, 91340 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$899,000$2,238/sqft
Est. Value: $962,959
7%
BelowEstimate
550 Fermoore, San Fernando, California 91340
3Beds
2Baths
2,238Sqft
7,235Lot
Price Vs. Estimate
The estimated value ($962,958.88) is $63,958.88 (7%) higher than the list price ($899,000). This property may be underpriced.
Key pros and cons
Top Pros:
Spacious Interior: With 2238 square feet, this 3-bedroom, 2-bathroom home offers generous living space, providing comfort and flexibility for residents.
Top Cons:
Property Age: Built in 1951, the home is over 70 years old, which may suggest the presence of outdated systems (e.g., plumbing, electrical) and a potential need for significant renovations or deferred maintenance.
Compared to the nearby listings
Price:$899.0K vs avg $740.0K (+$159,000)94%
Size:2,238 sqft vs avg 1,283 sqft97%
Price/sqft:$402 vs avg $5806%
More Insights
Built in 1951 (75 years old).
Condition: Despite being built in 1951, this property has undergone extensive and relatively recent renovations, making it move-in ready. The kitchen features updated white shaker cabinets, stainless steel appliances, and modern fixtures, though some countertops and lighting fixtures appear slightly older. Both bathrooms are significantly updated with modern vanities, tiling, and fixtures, particularly the master bath. Flooring is a mix of well-maintained tile, hardwood, and laminate. The presence of solar panels and a modern AC unit indicates updated major systems. While not every component is brand new, the overall quality and style are very good, requiring no immediate renovations.
Year Built
1951
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$402
HOA
-
Days on market
-
Sold On
-
MLS number
SR25282170
Home ConditionGood
Features
ViewNeighborhood
About this home
J
Joshua Vigo-Fas
Listing Agent
Condition Rating
Good
Despite being built in 1951, this property has undergone extensive and relatively recent renovations, making it move-in ready. The kitchen features updated white shaker cabinets, stainless steel appliances, and modern fixtures, though some countertops and lighting fixtures appear slightly older. Both bathrooms are significantly updated with modern vanities, tiling, and fixtures, particularly the master bath. Flooring is a mix of well-maintained tile, hardwood, and laminate. The presence of solar panels and a modern AC unit indicates updated major systems. While not every component is brand new, the overall quality and style are very good, requiring no immediate renovations.
Pros & Cons
Pros
Spacious Interior: With 2238 square feet, this 3-bedroom, 2-bathroom home offers generous living space, providing comfort and flexibility for residents.
Generous Lot Size: The property boasts a substantial 7235 square foot lot, offering ample outdoor space for landscaping, recreation, or potential expansion.
Established Location: Located in San Fernando, an established community, the property benefits from a mature neighborhood setting and access to local amenities.
Demonstrated Buyer Interest: The 'Active Under Contract' status indicates that the property has successfully attracted an offer, validating its market appeal and desirability.
Desirable School District: Being part of the Los Angeles Unified High School District can be a significant draw for families seeking quality educational opportunities.
Cons
Property Age: Built in 1951, the home is over 70 years old, which may suggest the presence of outdated systems (e.g., plumbing, electrical) and a potential need for significant renovations or deferred maintenance.
Lack of Modern Updates Indicated: The provided details do not specify any recent renovations or modern amenities, implying the property might require substantial investment to meet contemporary buyer expectations and standards.
Limited Immediate Availability: While 'Active Under Contract' shows interest, it also means the property is not immediately available for new offers, potentially deterring other interested buyers who prefer a clear path to purchase.