640 Maryanna Lane, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 2 bath
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Monrovia, California 91016
This Single Family Residence presents a Strong Value Opportunity, listed at $950,000—positioned well below the $1,002,006 Fair Market Value by 5%. This valuation gap offers $52,006 in Instant Equity for the buyer. With a Condition Rating of 4, the home offers significant ADU Development Potential via the detached garage. Located on a quiet cul-de-sac in the Monrovia Unified district, this property balances lifestyle appeal with long-term appreciation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 640 Maryanna Lane Subject | $950,000* List Price | 3 | 2 | 1,755 | $571 | - |
A 511 W Maple Sold | $1,100,000 | 4 | 2 | 1,808 | $608 | 0.5 mi |
B 2338 Rochelle Sold | $990,000 | 3 | 2 | 1,476 | $671 | 1.0 mi |
C 804 Naples St Sold | $988,000 | 3 | 1 | 1,518 | $651 | 0.1 mi |
D 616 West Duarte Road Sold | $820,000 | 2 | 1 | 1,376 | $596 | 0.2 mi |
E 636 W Lime Avenue Sold | $1,151,000 | 3 | 2 | 1,653 | $696 | 0.9 mi |
F 531 W Walnut Sold | $1,150,000 | 4 | 3 | 1,755 | $655 | 0.7 mi |
G 123 W Central Active | $1,150,000 List Price | 4 | 2 | 1,942 | $592 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963 (61 years old) with no mention of recent renovations to key systems, kitchen, or baths. The description's use of 'timeless charm' and 'classic character' typically indicates a dated interior that has been well-maintained but likely requires modernization of the 20+ year old finishes and systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7845, living area = 1755.
Situated in a highly desirable Monrovia neighborhood on a quiet cul-de-sac, the property offers enhanced privacy, safety, and minimal through-traffic.
The detached two-car garage provides a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, offering potential for rental income or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1755, other record living area = 1383.
Built in 1963 and described with 'classic character,' the home likely requires capital investment for cosmetic updates and modern system upgrades to meet current buyer expectations.
The property moved to 'Active Under Contract' status within only one day on the market, indicating a highly competitive situation with very low probability for new offers.
Welcome to this charming single-story residence tucked away on a quiet cul-de-sac in desirable Monrovia. Offering 3 bedrooms, 2 bathrooms, and approximately 1,755 square feet of living space, this home is filled with timeless charm and classic character. Spacious interiors are complemented by natural light and an inviting floor plan designed for comfortable everyday living. The beautifully landscaped front and private backyard create peaceful outdoor spaces perfect for entertaining or unwinding. A detached 2-car garage provides added flexibility and potential for an ADU (buyer to verify). Combining privacy, curb appeal, and endless possibilities, this is a rare opportunity to own a home in one of Monrovia's most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,755 | 1,597.5 |
| Lot Size | 7,845 | 6,494 |
| Price | $950.0K | $1.13M |
| Price per sq ft | $541 | $692 |
| Built year | 1963 | 1957 |
| HOA | $0 | $180 |
| Days on market | 7 | 48 |
Jul 15, 2026
$950,000
Initial Listing