720 W Cherry Street, Compton, California 90222, Compton, 90222 - 3 bed, 3 bath

720 W Cherry Street, Compton, California 90222 home-pic-0
ACTIVE$868,900$1,500/sqft
Est. Value: $821,335
-5%
AboveEstimate
720 W Cherry Street, Compton, California 90222
3Beds
3Baths
1,500Sqft
3,744Lot

Price Vs. Estimate

The estimated value ($821,334.545) is $47,565.455 (5%) lower than the list price ($868,900). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction: Built in 2024, the property offers modern design, new systems, and minimal immediate maintenance concerns, providing a move-in ready experience.
Top Cons:
Limited Lot Size: The 3,744 sqft lot is relatively small, which may offer minimal private outdoor space, especially considering it accommodates two separate homes.

Compared to the nearby listings

Price:$868.9K vs avg $609.0K (+$259,900)96%
Size:1,500 sqft vs avg 1,082 sqft75%
Price/sqft:$579 vs avg $55853%

More Insights

Built in 2024 (2 years old).
Condition: This property was built in 2024, making it brand new construction. Both the front and rear residences feature new appliances, modern laminate flooring, and updated kitchens and bathrooms with contemporary finishes, indicating all components are new or virtually new and meet current quality standards.
Year Built
2024
Close
-
List price
$869K
Original List price
$869K
Price/Sqft
$579
HOA
-
Days on market
-
Sold On
-
MLS number
SW26002671
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Two beautiful homes on 1 lot! The front residence is a well-appointed three-bedroom, three-bathroom home featuring durable laminate flooring throughout. The open-concept living area flows seamlessly into the kitchen, which is equipped with a new refrigerator and stove—both included in the sale. A full-size bathroom is conveniently located on the main level, while all bedrooms are situated upstairs, offering added privacy. The home is also equipped with six fully paid-off solar panels, providing energy efficiency and long-term savings. The rear residence is a two-bedroom, one-bathroom unit situated above the garages serving both homes. Inside, it features beautiful laminate flooring throughout, along with a cozy living room and kitchen area. The kitchen is equipped with a new refrigerator, microwave and stove, all included in the sale. The unit offers a full-size bathroom and a comfortable bedroom, making it ideal for additional income opportunities such as rental use or Airbnb, or as a private mother-in-law suite or guest house for friends and family. The home is also equipped with fivefully paid-off solar panels. The property features a long driveway providing convenient access to the rear residence. One of the garages is equipped with washer and dryer hookups, as well as an EV charging setup, ready for immediate use. This is a unique opportunity you won't want to miss!!

L
Laurie Herrera-Ochoa
Listing Agent

Price History

Date
Event
Price
06/05/24
Sold
$850,000
12/15/16
Sold
$150,000
10/11/16
Sold
$95,000
Condition Rating
Excellent

This property was built in 2024, making it brand new construction. Both the front and rear residences feature new appliances, modern laminate flooring, and updated kitchens and bathrooms with contemporary finishes, indicating all components are new or virtually new and meet current quality standards.
Pros & Cons

Pros

New Construction: Built in 2024, the property offers modern design, new systems, and minimal immediate maintenance concerns, providing a move-in ready experience.
Dual Homes & Income Potential: Featuring two distinct homes on one lot, this property offers significant flexibility for rental income (Airbnb/long-term), or accommodating multi-generational living as a mother-in-law suite or guest house.
Energy Efficiency & Cost Savings: Both residences are equipped with fully paid-off solar panels (total of 11), leading to substantial reductions in electricity bills and environmental benefits.
Modern Interior Finishes & Appliances: Each unit boasts durable laminate flooring throughout and comes with new kitchen appliances (refrigerators, stoves, microwave), ensuring a contemporary and functional living space.
EV Charging & Convenient Access: The property includes an EV charging setup in one of the garages and a long driveway providing convenient access to the rear residence, catering to modern lifestyle needs.

Cons

Limited Lot Size: The 3,744 sqft lot is relatively small, which may offer minimal private outdoor space, especially considering it accommodates two separate homes.
Ambiguous Total Living Area: The listed 1500 sqft likely refers to the primary residence, leaving the combined total square footage of both units unspecified, which could be a point of confusion for potential buyers.
No Cooling System Mentioned: The property description does not specify the presence of an air conditioning system, which could be a significant drawback during warmer months in California.
Browse Properties by State Browse housing market trends by state