605 N 18th Street, Montebello, California 90640, Montebello, 90640 - 4 bed, 3 bath

605 N 18th Street, Montebello, California 90640 home-pic-0
ACTIVE$1,650,000
605 N 18th Street, Montebello, California 90640
4Beds
3Baths
3,565Sqft
10,122Lot

Price Vs. Estimate

The estimated value ($1,172,040.26) is $477,959.74 (28%) lower than the list price ($1,650,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Design & Grandeur: A stunning Mediterranean custom-designed estate featuring a grand foyer with 21-foot ceilings, an indoor atrium, and impeccable attention to detail, offering a luxurious aesthetic.
Top Cons:
Significant Overpricing: The current listing price of $1.65 million is 28% higher than the estimated market value and substantially above recent comparable sales in the Montebello area, which may hinder appraisal and buyer interest.

Compared to the nearby listings

Price:$1.65M vs avg $850.0K (+$800,000)99%
Size:3,565 sqft vs avg 1,531 sqft99%
Price/sqft:$463 vs avg $53617%

More Insights

Built in 1995 (30 years old).
Condition: This 1995-built Mediterranean estate is well-maintained and move-in ready. While some design elements, such as the foyer tile and specific cabinet styles, may not be ultra-contemporary, the property benefits from updated features like stainless steel kitchen appliances, modern grey wood-look tile in the kitchen, and unique vessel sinks in the bathroom. The presence of two climate control systems indicates functional and updated major systems. The overall impression from the images and description is of a grand, clean, and functional home that does not require immediate renovations, aligning with the 'Good' condition criteria.
Year Built
1995
Close
-
List price
$1.65M
Original List price
$1.75M
Price/Sqft
$463
HOA
-
Days on market
-
Sold On
-
MLS number
BB25062684
Home ConditionGood
Features
Excellent View: City Lights, Neighborhood
Patio
ViewCity Lights,Neighborhood

About this home

Welcome to this stunning Mediterranean custom-designed estate in Montebello. This three-level property offers luxury living at its finest. With impeccable design and breathtaking views, it is truly one of Montebello's most exquisite residences. Set on a spacious lot, this estate provides ample room and privacy. The care and attention to detail are evident throughout. As you enter, the grand foyer greets you with elegance and grandeur, showcasing 21-foot ceilings that blend contemporary style with Mediterranean charm. This exceptional property features 4 bedrooms and 4 bathrooms, including two master suites—one on each floor. The well-appointed kitchen and walk-in pantry offer both functionality and convenience for delightful culinary experiences. Outside, in addition to the attached 3-car garage, there is a long driveway that can accommodate a limousine, bus, or RV, providing versatile parking options. The estate also includes over 2,000 square feet of beautifully designed patio space, ideal for entertaining or simply enjoying the professionally landscaped surroundings. For panoramic views of downtown Los Angeles, head up to the private roof terrace. Here, you can unwind and take in the stunning cityscape while enjoying the peaceful ambiance of your own personal retreat. An indoor atrium, open to the skies, allows natural light to fill the heart of the home, creating a serene atmosphere. This unique feature adds to the overall charm and appeal of the estate. With two climate control systems, you can maintain optimal comfort throughout the property, regardless of the season. The outdoor space offers endless possibilities, with enough room for a pool if desired. Whether you're hosting guests or enjoying quiet moments with family, this estate provides the perfect setting.

Price History

Date
Event
Price
08/06/10
Sold
$680,000
07/09/04
Sold
$810,000
12/13/02
Sold
$650,000
Condition Rating
Good

This 1995-built Mediterranean estate is well-maintained and move-in ready. While some design elements, such as the foyer tile and specific cabinet styles, may not be ultra-contemporary, the property benefits from updated features like stainless steel kitchen appliances, modern grey wood-look tile in the kitchen, and unique vessel sinks in the bathroom. The presence of two climate control systems indicates functional and updated major systems. The overall impression from the images and description is of a grand, clean, and functional home that does not require immediate renovations, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Exceptional Design & Grandeur: A stunning Mediterranean custom-designed estate featuring a grand foyer with 21-foot ceilings, an indoor atrium, and impeccable attention to detail, offering a luxurious aesthetic.
Breathtaking Panoramic Views: The property boasts a private roof terrace providing stunning panoramic views of downtown Los Angeles, significantly enhancing its unique appeal and value.
Spacious & Versatile Living: This three-level residence offers a generous 3565 sqft with 4 bedrooms and 4 bathrooms, including two master suites (one on each floor), providing flexible living arrangements.
Extensive Outdoor & Parking Amenities: Situated on a spacious 10,122 sqft lot with over 2,000 sqft of professionally landscaped patio space, a 3-car garage, and a long driveway accommodating large vehicles, with potential for a pool.
Modern Comfort Systems: Equipped with two independent climate control systems, ensuring optimal comfort and energy efficiency throughout the expansive residence regardless of the season.

Cons

Significant Overpricing: The current listing price of $1.65 million is 28% higher than the estimated market value and substantially above recent comparable sales in the Montebello area, which may hinder appraisal and buyer interest.
Market Suitability for Price Point: While a luxury property, Montebello's market may not consistently support such a high price point for a single-family residence, potentially leading to a smaller buyer pool and extended market time.
Potential for Dated Elements: Built in 1995, the property is nearly 30 years old. Despite its custom design, some systems or finishes may be nearing an age where buyers at this luxury price point might anticipate or require updates, if not already completed.

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