792 El Vallencito, Walnut, California 91789, Walnut, 91789 - 3 bed, 3 bath
ACTIVE$3,690,000$2,643/sqft
792 El Vallencito, Walnut, California 91789
3Beds
3Baths
2,643Sqft
73,461Lot
Price Vs. Estimate
Estimation data not available
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 = 73461, living area = 2643.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =73461, other record lot size in square feet = 24703.
Compared to the nearby listings
Price:$3.69M vs avg $1.21M (+$2,482,600)99%
Size:2,643 sqft vs avg 1,999.5 sqft77%
Price/sqft:$1.4K vs avg $61999%
More Insights
Built in 1944 (82 years old).
Condition: Built in 1944, the property shows signs of being aged but has been maintained. The kitchen features stainless steel appliances but the cabinets, granite countertops, and custom wood range hood, along with the consistent terracotta-style tile flooring throughout, suggest renovations that are likely 15-30 years old. While functional and move-in ready, the home's style is outdated and would require minor to moderate updates to meet contemporary standards and preferences.
Year Built
1944
Close
-
List price
$3.69M
Original List price
$1.89M
Price/Sqft
$1,396
HOA
-
Days on market
-
Sold On
-
MLS number
TR26008962
Home ConditionFair
Features
Pool
Spa
Patio
ViewCourtyard
About this home
Huge lot 1.81±AC !!! Walnut Diamond !!! Walnut School District, close to everything... *** 3 APNs: //***1) APN# 8709042024, lot 0.64±ac, house 2,643SQFT. (1.89M). //***2) APN# 87090420253,lot 0.57±ac. (1.15M). //***3) APN# 8709042026,lot 0.60±ac. (1.15M). // ***Three properties together asking for $3.69 million.
Y
Yuet Lee
Listing Agent
Price History
Date
Event
Price
12/16/22
Sold
$1,240,000
Condition Rating
Fair
Built in 1944, the property shows signs of being aged but has been maintained. The kitchen features stainless steel appliances but the cabinets, granite countertops, and custom wood range hood, along with the consistent terracotta-style tile flooring throughout, suggest renovations that are likely 15-30 years old. While functional and move-in ready, the home's style is outdated and would require minor to moderate updates to meet contemporary standards and preferences.
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 = 73461, living area = 2643.
Expansive Land & Development Potential: A substantial 1.81± acre lot, divided into three separate APNs, offers significant land value, privacy, and diverse development opportunities.
Top-Tier School District: Situated within the highly acclaimed Walnut School District (Walnut Valley Unified), a prime attraction for families and a strong driver of property value.
Prime Location & Accessibility: Described as 'close to everything,' ensuring convenient access to local amenities, services, and transportation, enhancing lifestyle and desirability.
Flexible Multi-Parcel Offering: The unique availability of three distinct parcels under one listing provides exceptional flexibility for buyers, whether for investment, phased development, or creating a large family estate.
Significant Investment Opportunity: The combination of a large, subdividable lot in a desirable area presents a compelling opportunity for investors or developers seeking long-term value appreciation.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =73461, other record lot size in square feet = 24703.
Property Age & Potential Updates: Built in 1944, the main residence is an older property, which may necessitate significant updates, renovations, or maintenance to meet contemporary standards and preferences.
Substantial Investment Required: The combined asking price of $3.69 million for all three parcels represents a considerable financial commitment, potentially narrowing the pool of prospective buyers.
Transaction Complexity: A multi-parcel sale involving three separate APNs can introduce additional complexities in financing, legal due diligence, and closing procedures compared to a standard single-parcel transaction.