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626 Ritter Street, Diamond Bar, California 91765, Diamond Bar, 91765 - 4 bed, 3 bath

626 Ritter Street, Diamond Bar, California 91765 home-pic-0
ACTIVE$1,199,000$1,980/sqft
Est. Value: $676,013
-43%
AboveEstimate
626 Ritter Street, Diamond Bar, California 91765
4Beds
3Baths
1,980Sqft
9,269Lot

Price Vs. Estimate

The estimated value ($676,013.375) is $522,986.625 (43%) lower than the list price ($1,199,000). 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 = 9269, living area = 1980.
Top Cons:
Significant Overpricing: The current listing price of $1,199,000 is substantially higher than the property's estimated value of $676,013, indicating a potential overvaluation that could deter buyers and prolong market time.

Compared to the nearby listings

Price:$1.20M vs avg $1.15M (+$47,000)55%
Size:1,980 sqft vs avg 2,026 sqft48%
Price/sqft:$606 vs avg $55166%

More Insights

Built in 1972 (54 years old).
Condition: The property, built in 1972, is described as 'beautifully remodeled' with a 'bright kitchen' and 'luxurious en-suite bathroom,' suggesting modern cosmetic updates in these key areas. However, a significant functional deficiency is the explicit 'Lack of Cooling System,' which is a major requirement for comfort in California. While the updated kitchen and bathrooms elevate its condition from 'Poor,' the absence of a crucial major system and the age of the original structure mean it requires substantial repairs/updates to meet modern living standards, thus placing it in the 'Fair' category.
Year Built
1972
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
$606
HOA
-
Days on market
-
Sold On
-
MLS number
25521497
Home ConditionFair
Features
Patio
View-

About this home

Nestled in a peaceful and well-established neighborhood, this beautifully remodeled 4-bedroom, 3-bathroom home offers the perfect blend of style, comfort, and convenience. Enter into a spacious, light-filled layout featuring a cozy fireplace, a formal dining area, and a bright kitchen abundant in counter space and storage. With a bay window and patio doors overlooking the serene backyard, this versatile space could easily serve as an eat-in kitchen or even a second living room perfect for gathering, relaxing, or entertaining. The expansive primary suite is a true retreat, boasting a generous walk-in closet and a luxurious en-suite bathroom with a dual vanity and dual showerhead. Each room is thoughtfully designed for functionality and flow, while the direct-entry two-car garage offers added ease and security. Outside, enjoy an oversized private backyard with a majestic shady tree, mature grapefruit and fig trees, a flowering, terraced garden bed, and plenty of space to play or unwind. Located in the highly desirable city of Diamond Bar, you'll love being close to top-rated schools, community parks, hiking trails, and great shopping and dining. With easy access to the 57 and 60 freeways, commuting is simple and convenient.

R
Renee Pietrangelo
Listing Agent
Condition Rating
Fair
The property, built in 1972, is described as 'beautifully remodeled' with a 'bright kitchen' and 'luxurious en-suite bathroom,' suggesting modern cosmetic updates in these key areas. However, a significant functional deficiency is the explicit 'Lack of Cooling System,' which is a major requirement for comfort in California. While the updated kitchen and bathrooms elevate its condition from 'Poor,' the absence of a crucial major system and the age of the original structure mean it requires substantial repairs/updates to meet modern living standards, thus placing it in the 'Fair' category.
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 = 9269, living area = 1980.
Extensively Remodeled Interior: The home has been beautifully remodeled, featuring a bright kitchen with abundant counter space and storage, and a luxurious primary en-suite bathroom with dual vanity and dual showerhead, offering modern comfort and appeal.
Desirable Location & Accessibility: Situated in a peaceful, well-established neighborhood within the highly desirable city of Diamond Bar, with close proximity to top-rated schools, parks, hiking trails, shopping, dining, and easy freeway access (57 and 60).
Spacious & Private Outdoor Living: The property boasts an oversized private backyard with mature trees (grapefruit, fig), a terraced garden, and ample space for recreation and relaxation, enhancing lifestyle and entertainment opportunities.
Functional & Flexible Layout: The interior offers a spacious, light-filled layout with a formal dining area and a versatile kitchen space that can serve as an eat-in area or a second living room, providing excellent functionality and adaptability for various needs.
Luxurious Primary Suite: The expansive primary suite is a true retreat, featuring a generous walk-in closet and a luxurious en-suite bathroom, providing a private and comfortable living experience.

Cons

Significant Overpricing: The current listing price of $1,199,000 is substantially higher than the property's estimated value of $676,013, indicating a potential overvaluation that could deter buyers and prolong market time.
Absence of Modern Energy Efficiencies: Despite interior remodels, the description lacks mention of key energy-efficient upgrades such as solar panels, updated HVAC systems, or dual-pane windows, which are present in some comparable properties and increasingly expected by buyers.
Lack of Cooling System and Views: The property description does not mention a cooling system, which is a significant drawback in California's climate, and explicitly states 'None' for views, potentially limiting its appeal compared to properties offering scenic outlooks.
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