639 Terrado, Monrovia, California 91016, Monrovia, 91016 - 2 bed, 1 bath
ACTIVE$850,000$996/sqft
Est. Value: $686,766
-19%
AboveEstimate
639 Terrado, Monrovia, California 91016
2Beds
1Bath
996Sqft
8,149Lot
Price Vs. Estimate
The estimated value ($686,765.505) is $163,234.495 (19%) lower than the list price ($850,000). 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 = 8149, living area = 996.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8149, other record lot size in square feet = 8074.
Compared to the nearby listings
Price:$850.0K vs avg $990.0K ($-140,000)24%
Size:996 sqft vs avg 1,420 sqft13%
Price/sqft:$853 vs avg $71483%
More Insights
Built in 1952 (74 years old).
Condition: Built in 1952, this property shows no evidence of major renovations in the past 50+ years. The kitchen features original-style wood cabinets, outdated green laminate/tile countertops, old white appliances, and dated linoleum flooring. The bathroom has very old blue tiled countertops and sink, consistent with mid-century design. The overall condition, coupled with the listing description explicitly suggesting a 'complete tear-down' for redevelopment, indicates that the structure itself has minimal value beyond the land.
Year Built
1952
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$853
HOA
-
Days on market
-
Sold On
-
MLS number
IV26006423
Home ConditionTear down
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Investor or Developer Opportunity in Monrovia. Premium corner lot located on a beautiful tree-lined street with views of Monrovia Peak, Duarte Recreational Trail across the street. Single story, two bedroom, one bath home. Expanded two car garage and shop with parking and separate entry off Orange Ave. Loads of possiblities for total remodel and expansion, or complete tear-down and build new custom or multiple homes on the lot - buyer to investigate. Top schools at Monrovia School District featuring CA Statewide Teacher of the Year, Monrovia High School. Great central location for spending time outdoors with Santa Fe Dam Recreation Area, LA Arboretum, and Azusa Wilderness Park nearby. Commuters enjoy easy access to 210 and 605 freeways. DO NOT GO WITHOUT CONFIRMED APPOINTMENT.
K
KELLY NELSON
Listing Agent
Condition Rating
Tear down
Built in 1952, this property shows no evidence of major renovations in the past 50+ years. The kitchen features original-style wood cabinets, outdated green laminate/tile countertops, old white appliances, and dated linoleum flooring. The bathroom has very old blue tiled countertops and sink, consistent with mid-century design. The overall condition, coupled with the listing description explicitly suggesting a 'complete tear-down' for redevelopment, indicates that the structure itself has minimal value beyond the land.
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 = 8149, living area = 996.
Development & Investment Potential: Explicitly marketed as an 'Investor or Developer Opportunity' with potential for 'total remodel and expansion, or complete tear-down and build new custom or multiple homes,' offering significant future value.
Premium Corner Lot & Size: Situated on a 'premium corner lot' with a generous 8,149 sqft, providing ample space and flexibility for various development or expansion projects.
Scenic Views & Outdoor Access: Boasts 'views of Monrovia Peak' and direct access to the 'Duarte Recreational Trail across the street,' enhancing lifestyle and aesthetic appeal.
Top-Rated School District: Located within the 'Monrovia School District,' known for 'Top schools' and a 'CA Statewide Teacher of the Year,' a strong draw for families.
Excellent Commuter Location: Offers 'easy access to 210 and 605 freeways,' making it highly convenient for commuters.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8149, other record lot size in square feet = 8074.
Outdated & Small Current Structure: Built in 1952, the existing 996 sqft home with 2 beds and 1 bath is small and likely requires extensive modernization or replacement.
Significant Capital Investment Required: The property is positioned as a redevelopment project, indicating that substantial financial investment will be necessary for renovation, expansion, or new construction.
Limited Immediate Livability: Due to its age, size, and implied condition for redevelopment, the property may not be suitable for immediate move-in for most buyers seeking a modern, spacious home.