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707 E Camino Real, Arcadia, California 91006, Arcadia, 91006 - 3 bed, 3 bath

707 E Camino Real, Arcadia, California 91006 home-pic-0
ACTIVE$1,598,000
707 E Camino Real, Arcadia, California 91006
3Beds
3Baths
1,931Sqft
18,008Lot

Price Vs. Estimate

The estimated value ($1,667,778.71) is $69,778.71 (4%) higher than the list price ($1,598,000). This property may be underpriced.

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 = 18008, living area = 1931.
Top Cons:
As-Is Condition: The property is being sold in its current 'AS-IS' condition, which may necessitate immediate investment for repairs, upgrades, or a complete renovation.

Compared to the nearby listings

Price:$1.60M vs avg $1.66M ($-60,000)43%
Size:1,931 sqft vs avg 2,135 sqft39%
Price/sqft:$828 vs avg $77861%

More Insights

Built in 1963 (62 years old).
Condition: Built in 1963, this property is being sold 'AS-IS' with the listing explicitly stating 'Extensive Renovation/Redevelopment Required' and suggesting buyers 'consider the property primarily for its land value.' The exterior images show significant deferred maintenance, including a cracked driveway, overgrown landscaping, and an empty, dilapidated pool. The complete absence of interior photos, combined with the age and 'AS-IS' condition, strongly indicates the existing structure is likely beyond economical repair and its value is primarily in the land for redevelopment.
Year Built
1963
Close
-
List price
$1.6M
Original List price
$1.7M
Price/Sqft
$828
HOA
-
Days on market
-
Sold On
-
MLS number
AR25247941
Home ConditionTear down
Features
Good View: Mountain(s)
Pool
ViewMountain(s)

About this home

Nestled in the heart of the highly sought-after Arcadia neighborhood and within the top rated Arcadia School District, this 3 Bedroom, 2.5 bathroom ranch style home offers endless possibilities. Set on a sprawling 18,003 sq.ft. flat lot, the property presents a rare opportunity to create something truly extraordinary. Whether you're envisioning a sleek modern estate, a timeless retreat, or a multi-generational haven, the potential is limitless. This home's spacious lot provides ample room for expansion, including the possibility of building a new custom home or adding and Accessory Dwelling Unit. With it's prime location, you'll enjoy both peace and privacy, while being conveniently close to schools, shopping, dining and major transportation routes. This property is being sold in its current AS-IS condition, allowing you to bring your own vision and personal touch to make it your own. Don't miss the chance to transform this property into the home of your dreams in one of Arcadia's most desirable neighborhoods.

Condition Rating
Tear down
Built in 1963, this property is being sold 'AS-IS' with the listing explicitly stating 'Extensive Renovation/Redevelopment Required' and suggesting buyers 'consider the property primarily for its land value.' The exterior images show significant deferred maintenance, including a cracked driveway, overgrown landscaping, and an empty, dilapidated pool. The complete absence of interior photos, combined with the age and 'AS-IS' condition, strongly indicates the existing structure is likely beyond economical repair and its value is primarily in the land for redevelopment.
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 = 18008, living area = 1931.
Prime Location: Nestled in the highly sought-after Arcadia neighborhood, offering both peace and privacy while being conveniently close to schools, shopping, dining, and major transportation routes.
Top-Rated School District: Located within the top-rated Arcadia School District, a significant draw for families.
Expansive Flat Lot: Features a sprawling 18,003 sq.ft. flat lot, presenting a rare and valuable opportunity for various development visions.
Significant Development Potential: The spacious lot provides ample room for expansion, including the possibility of building a new custom home or adding an Accessory Dwelling Unit (ADU), offering limitless potential.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and potential value.

Cons

As-Is Condition: The property is being sold in its current 'AS-IS' condition, which may necessitate immediate investment for repairs, upgrades, or a complete renovation.
Age of Property: Built in 1963, the existing ranch-style home is older, suggesting potential for outdated systems, design, and a need for substantial modernization to meet contemporary standards.
Extensive Renovation/Redevelopment Required: Given the age and 'as-is' status, buyers should anticipate significant renovation costs or consider the property primarily for its land value and redevelopment potential rather than the existing structure.

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