623 N Chandler Ave, Monterey Park, California 91754, Monterey Park, 91754 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$699,999
623 N Chandler Ave, Monterey Park, California 91754
2Beds
1Bath
690Sqft
6,173Lot
Price Vs. Estimate
The estimated value ($687,317.62) is $12,681.38 (1%) lower than the list price ($699,999). This property may be overpriced.
Key pros and cons
Top Pros:
Excellent Land Potential: The generous 6,173 sq ft lot offers significant potential for expansion, an Accessory Dwelling Unit (ADU), or future development, enhancing long-term value.
Top Cons:
Limited Living Space: With only 690 sq ft, the 2-bedroom, 1-bath layout is significantly smaller than average, potentially limiting appeal for larger families or those desiring more room.
Compared to the nearby listings
Price:$700.0K vs avg $956.5K ($-256,501)4%
Size:690 sqft vs avg 1,404 sqft2%
Price/sqft:$1.0K vs avg $67998%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this home is aged but appears to be maintained with recent cosmetic updates like fresh interior/exterior paint. The kitchen features newer stainless steel appliances but the cabinets and tile backsplash are dated. The bathroom is functional but also shows signs of age. Flooring includes worn carpet and what appears to be older tile/vinyl. Heating/cooling relies on a wall heater and window AC units, indicating a lack of central HVAC. While livable, major components are functional but outdated, requiring significant updates for modern comfort and style.
Year Built
1924
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$1,014
HOA
-
Days on market
-
Sold On
-
MLS number
WS25259619
Home ConditionFair
Features
Patio
View-
About this home
Charming single-family home in the City of Monterey Park with excellent land potential. This 2-bedroom, 1-bath residence offers 690 sq ft of living space on a generous 6,173 sq ft lot. As you enter, you’re welcomed by an enclosed front porch leading into a cozy living room with a fireplace. The home features a Jack-and-Jill bathroom, a spacious kitchen, and fresh interior and exterior paint. The backyard includes a covered patio and a mature lemon tree, perfect for outdoor enjoyment. Located within the highly rated Mark Keppel High School district and conveniently close to Atlantic Square, supermarkets, dining, and easy access to the 10 Freeway.
Condition Rating
Fair
Built in 1924, this home is aged but appears to be maintained with recent cosmetic updates like fresh interior/exterior paint. The kitchen features newer stainless steel appliances but the cabinets and tile backsplash are dated. The bathroom is functional but also shows signs of age. Flooring includes worn carpet and what appears to be older tile/vinyl. Heating/cooling relies on a wall heater and window AC units, indicating a lack of central HVAC. While livable, major components are functional but outdated, requiring significant updates for modern comfort and style.
Pros & Cons
Pros
Excellent Land Potential: The generous 6,173 sq ft lot offers significant potential for expansion, an Accessory Dwelling Unit (ADU), or future development, enhancing long-term value.
Prime Location & Accessibility: Conveniently located near Atlantic Square, supermarkets, dining, and offers easy access to the 10 Freeway, providing excellent urban connectivity and amenities.
Highly-Rated School District: Situated within the desirable Mark Keppel High School district, a major draw for families and a strong factor contributing to property value.
Recent Cosmetic Updates: Features fresh interior and exterior paint, presenting a move-in ready appearance and reducing immediate cosmetic renovation needs for a buyer.
Charming Features & Outdoor Space: Includes an enclosed front porch, a cozy living room with a fireplace, a covered patio, and a mature lemon tree, adding character and enjoyable outdoor living areas.
Cons
Limited Living Space: With only 690 sq ft, the 2-bedroom, 1-bath layout is significantly smaller than average, potentially limiting appeal for larger families or those desiring more room.
Age of Property: Built in 1924, the home is nearly a century old, which may imply potential for older systems, infrastructure, and higher maintenance costs compared to newer constructions.
Potential Overpricing: The listing price of $699,999 is 6% above the estimated property value of $651,050, suggesting it might be priced aggressively relative to current market valuations.