563 Highland Drive, La Canada Flintridge, California 91011, La Canada Flintridge, 91011 - 3 bed, 3 bath

563 Highland Drive, La Canada Flintridge, California 91011 home-pic-0
ACTIVE$3,597,500
563 Highland Drive, La Canada Flintridge, California 91011
3Beds
3Baths
2,585Sqft
40,116Lot

Price Vs. Estimate

The estimated value ($3,154,724.68) is $442,775.32 (12%) lower than the list price ($3,597,500). 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 = 40116, living area = 2585.
Top Cons:
Age and Required Investment: Built in 1951, the home, despite some updates, is an older property that will likely require substantial additional investment for comprehensive modernization or renovation to meet contemporary standards.

Compared to the nearby listings

Price:$3.60M vs avg $2.41M (+$1,189,445)78%
Size:2,585 sqft vs avg 2,568.5 sqft50%
Price/sqft:$1.4K vs avg $98698%

More Insights

Built in 1951 (74 years old).
Condition: Built in 1951, this property has received some updates, including granite countertops and stainless-steel appliances in the kitchen, and refreshed bathrooms. While these updates make the home functional and presentable, the overall style of the kitchen cabinets, backsplash, and bathroom fixtures appears somewhat dated, suggesting renovations that are not recent or comprehensive enough to meet current modern standards. The listing itself encourages buyers to 'bring your ideas and your contractor,' indicating that significant further investment is expected for modernization or expansion. The property is well-maintained but shows its age, aligning with the 'Fair' criteria of being aged but maintained with functional components that show signs of being outdated, requiring minor to moderate updates to fully modernize.
Year Built
1951
Close
-
List price
$3.6M
Original List price
$3.67M
Price/Sqft
$1,392
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23384
Home ConditionFair
Features
Good View: Mountain(s), Pool, Trees/Woods
Deck
Pool
Patio
ViewMountain(s), Pool, Trees/Woods

About this home

This sunny and light 1951-built traditional home sits on an absolutely beautiful 40,000+ sq ft Flintridge lot, providing the next owner a tremendous opportunity to expand on what is here and truly make it their own. The living room, family room, and dining room all overlook and open out to the deck, covered patio, pool, and expansive wooded grounds. The kitchen features laundry area and walk-in pantry, and updates that include granite countertops and stainless-steel appliances. Main level bedroom suite has updated full bath and walk-in closet. Spacious second bedrooms is steps away from updated 3/4 bath. Lower-level bedroom, updated 3/4 bathroom and office enjoy wooded views and seating area on private patio. Large paned windows and French doors throughout provided beautiful views from almost every room in the house. Two-car attached garage is just across covered breezeway from the kitchen. Covered patio currently used for ping-pong could make a great studio or other space. Swimming pool is easily accessed from the patio and deck as well as from lower private patio. Descanso Gardens-like setting with winding paths, mature landscaping, and treetop and mountain views. Incredible potential. Bring your ideas and your contractor.

Condition Rating
Fair

Built in 1951, this property has received some updates, including granite countertops and stainless-steel appliances in the kitchen, and refreshed bathrooms. While these updates make the home functional and presentable, the overall style of the kitchen cabinets, backsplash, and bathroom fixtures appears somewhat dated, suggesting renovations that are not recent or comprehensive enough to meet current modern standards. The listing itself encourages buyers to 'bring your ideas and your contractor,' indicating that significant further investment is expected for modernization or expansion. The property is well-maintained but shows its age, aligning with the 'Fair' criteria of being aged but maintained with functional components that show signs of being outdated, requiring minor to moderate updates to fully modernize.
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 = 40116, living area = 2585.
Expansive & Developable Lot: The property boasts an impressive 40,000+ sq ft lot in Flintridge, offering significant privacy, ample space, and tremendous potential for expansion or custom development.
Desirable Location: Located in La Canada Flintridge, a highly sought-after community renowned for its prestigious schools and high quality of life.
Exceptional Outdoor Living: Features a swimming pool, deck, covered patio, and 'Descanso Gardens-like' mature landscaping with winding paths, ideal for entertaining and relaxation.
Scenic Views & Natural Light: Offers beautiful treetop and mountain views from almost every room, complemented by large paned windows and French doors that ensure abundant natural light.
Key Updates: The kitchen has been updated with granite countertops and stainless-steel appliances, and several bathrooms have been refreshed, providing modern functionality in essential areas.

Cons

Age and Required Investment: Built in 1951, the home, despite some updates, is an older property that will likely require substantial additional investment for comprehensive modernization or renovation to meet contemporary standards.
Implied Renovation Scope: The listing explicitly encourages buyers to 'bring your ideas and your contractor,' indicating that the property is positioned as a significant project for customization rather than a move-in ready home.
Recent Price Adjustment: A recent price reduction from its original listing price may suggest the property was initially overpriced or has faced challenges in attracting offers at its previous valuation.

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