5608 Marshburn Avenue, Arcadia, California 91006, Arcadia, 91006 - 2 bed, 1 bath
ACTIVE$920,000
5608 Marshburn Avenue, Arcadia, California 91006
2Beds
1Bath
1,168Sqft
5,830Lot
Year Built
1950
Close
-
List price
$920K
Original List price
$888K
Price/Sqft
$788
HOA
-
Days on market
-
Sold On
-
MLS number
AR25006175
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $920.0K(12th), sqft - 1168(15th), beds - 2(9th), baths - 1(15th).
Welcome to 5608 Marshburn Avenue, a delightful home nestled in the nice Arcadia neighborhood. This charming property offers tranquility and convenience featuring 2 bedrooms, 1 bathroom, family room and yards wiith a variety of fruit trees!
Condition Rating
Poor
Built in 1950, this 75-year-old property shows a significant lack of modern updates. The single image provided reveals a very dated kitchen with white appliances, old-style cabinetry, and outdated flooring. The MLS description explicitly notes a 'Lack of Modern Updates' as a weakness. While not explicitly stated as unsafe, the age of the property combined with the visible condition of the kitchen strongly suggests that major systems and aesthetics would require substantial repairs and rehabilitation to meet current standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Desirable Location: Nestled in a 'nice Arcadia neighborhood,' the property benefits from a sought-after location known for its tranquility and convenience, which is a strong selling point.
Fruit Trees: The presence of 'yards with a variety of fruit trees' adds unique charm, aesthetic appeal, and potential for fresh produce, enhancing the property's lifestyle offering.
Good Lot Size: With a lot size of 5830 sqft, the property offers ample outdoor space, providing potential for gardening, recreation, or future expansion, which is competitive within the neighborhood.
Potential for Expansion/ADU: Given the generous lot size and common trends in Arcadia, there is significant potential for future home expansion or the addition of an Accessory Dwelling Unit (ADU), which can add substantial value.
Strategic Pricing Adjustment: The list price was increased from an original $888,000 to $920,000, which could indicate strong initial market interest or a strategic move by the seller, suggesting perceived value.
Cons
Significant Overpricing: The property's current list price of $920,000 is substantially higher than its estimated value of $694,892.09, resulting in a -24% estimation ratio, indicating it may be significantly overpriced compared to market analytics and recent sales.
Limited Bedrooms and Bathrooms: With only 2 bedrooms and 1 bathroom, the property offers fewer rooms than most comparable sold properties in the area (which typically feature 3 bedrooms), potentially limiting its appeal to a broader range of buyers, especially families.
Lack of Modern Updates: The property description lacks mention of recent upgrades or modern amenities (e.g., remodeled kitchen, new AC, updated plumbing/electrical) that are present in several comparable sold properties, suggesting a buyer may need to invest significantly in renovations to match neighborhood standards.