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714 Genoa Street, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 3 bath

714 Genoa Street, Monrovia, California 91016 home-pic-0
ACTIVE$999,000
714 Genoa Street, Monrovia, California 91016
3Beds
3Baths
2,355Sqft
6,382Lot

Price Vs. Estimate

The estimated value ($688,878.525) is $310,121.475 (31%) lower than the list price ($999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating Potential: The separate, fully-equipped upstairs living area offers excellent potential for supplemental rental income or private guest accommodations.
Top Cons:
Potential Overpricing: The listing price of $999,000 is significantly higher than the estimated property value of $688,878.525, suggesting a potential overvaluation in the current market.

Compared to the nearby listings

Price:$999.0K vs avg $1.00M ($-1,000)49%
Size:2,355 sqft vs avg 1,520 sqft88%
Price/sqft:$424 vs avg $7161%

More Insights

Built in 1959 (66 years old).
Condition: Built in 1959, this property has undergone extensive and tasteful renovations, particularly in the kitchen and bathrooms, which appear to be updated within the last 5-15 years. The kitchen features modern white shaker cabinets, granite countertops, a subway tile backsplash, and stainless steel appliances, all in excellent condition. Bathrooms boast contemporary vanities, fixtures, and subway tiling. Hardwood flooring throughout most living areas and bedrooms, along with recessed lighting, contributes to a move-in ready condition with a modern aesthetic. While the core structure is older, the significant updates make it highly functional and appealing, aligning with the 'good' category's criteria for extensively renovated properties.
Year Built
1959
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$424
HOA
-
Days on market
-
Sold On
-
MLS number
SR25035399
Home ConditionGood
Features
Patio
View-

About this home

Welcome to this beautiful 3-bedroom, 3-bathroom family home that blends comfort, style, and practicality. The heart of the home is the spacious galley kitchen, featuring granite countertops, tile back splash and there is also a very nice breakfast nook perfect for both everyday meals and entertaining. The large living room offers a bright and welcoming atmosphere, ideal for relaxing with family or hosting friends. Additionally, the home boasts a cozy family room, providing extra space for activities or quiet moments. Upstairs, you'll find a separate, fully-equipped living area with the potential to be a rental unit, providing an excellent opportunity for supplemental income or private guest accommodations. This home is truly a must-see, offering the perfect combination of family-friendly living and investment potential. Don’t miss out on making this remarkable property your own!

Condition Rating
Good
Built in 1959, this property has undergone extensive and tasteful renovations, particularly in the kitchen and bathrooms, which appear to be updated within the last 5-15 years. The kitchen features modern white shaker cabinets, granite countertops, a subway tile backsplash, and stainless steel appliances, all in excellent condition. Bathrooms boast contemporary vanities, fixtures, and subway tiling. Hardwood flooring throughout most living areas and bedrooms, along with recessed lighting, contributes to a move-in ready condition with a modern aesthetic. While the core structure is older, the significant updates make it highly functional and appealing, aligning with the 'good' category's criteria for extensively renovated properties.
Pros & Cons

Pros

Income-Generating Potential: The separate, fully-equipped upstairs living area offers excellent potential for supplemental rental income or private guest accommodations.
Spacious & Versatile Living Areas: The home features a large living room and a cozy family room, providing ample and flexible space for relaxation, activities, and entertaining.
Modernized Kitchen Features: The spacious galley kitchen boasts granite countertops, a tile backsplash, and a breakfast nook, indicating modern finishes and functionality.
Generous Size & Room Count: With 3 bedrooms, 3 bathrooms, and 2355 sqft of living space, the property offers substantial room for a family.
Family-Friendly Appeal: Described as a 'beautiful family home' with multiple functional spaces, it caters well to family living.

Cons

Potential Overpricing: The listing price of $999,000 is significantly higher than the estimated property value of $688,878.525, suggesting a potential overvaluation in the current market.
Absence of Cooling System: The property description does not mention any air conditioning or cooling system, which could be a significant drawback during warmer months in California.
Age of Property & Systems: Built in 1959, the home's age may imply older systems (e.g., plumbing, electrical, HVAC beyond what's mentioned) that could require future maintenance or upgrades not explicitly detailed.

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