8067 Otto Street, Downey, California 90240, Downey, 90240 - 4 bed, 3 bath

8067 Otto Street, Downey, California 90240 home-pic-0
ACTIVE$1,175,000
8067 Otto Street, Downey, California 90240
4Beds
3Baths
2,057Sqft
7,922Lot

Price Vs. Estimate

The estimated value ($1,175,000) is $0 (0%) lower than the list price ($1,175,000). This property may be overpriced.

Key pros and cons

Top Pros:
Updated Kitchen: The property features a beautifully updated kitchen with quartz countertops and custom cabinetry, enhancing its appeal to modern buyers.
Top Cons:
Year Built: Built in 1950, the property may require updates to meet modern standards and preferences, potentially incurring additional costs.

Compared to the nearby listings

Price:$1.18M vs avg $1.00M (+$174,912.5)61%
Size:2,057 sqft vs avg 1,828 sqft61%
Price/sqft:$571 vs avg $54856%

More Insights

Built in 1950 (75 years old).
Condition: The property was built in 1950 but the description mentions a 'Beautiful kitchen with quartz countertops and grey custom cabinetry'. The images confirm a renovated kitchen and bathrooms. The rest of the house appears well-maintained. While not brand new, the updates suggest it's move-in ready and in good condition.
Year Built
1950
Close
-
List price
$1.18M
Original List price
$1.25M
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
DW24175346
Home ConditionGood
Features
Pool
Patio
View-

About this home

Amazing Property in Downey CA! This lovely home has 4 bedrooms 2.5 bathrooms with a formal dining room, family room great for entertaining. Beautiful kitchen with quartz countertops and grey custom cabinetry. It has an amazing pool with great space and a bar and grill area. This property is located in a cul de sac. Close to entertaining, shopping, freeway, restaurants,etc. This is a must see.

Price History

Date
Event
Price
09/12/22
Sold
$1,050,000
10/19/16
Sold
$645,000
05/03/02
Sold
$381,000
Condition Rating
Good

The property was built in 1950 but the description mentions a 'Beautiful kitchen with quartz countertops and grey custom cabinetry'. The images confirm a renovated kitchen and bathrooms. The rest of the house appears well-maintained. While not brand new, the updates suggest it's move-in ready and in good condition.
Pros & Cons

Pros

Updated Kitchen: The property features a beautifully updated kitchen with quartz countertops and custom cabinetry, enhancing its appeal to modern buyers.
Outdoor Entertaining Space: The presence of a pool, bar, and grill area creates an ideal outdoor entertaining space, adding significant value and lifestyle appeal.
Desirable Location: Located in a cul-de-sac and close to amenities like shopping, freeways, and restaurants, the property benefits from a convenient and desirable location.

Cons

Year Built: Built in 1950, the property may require updates to meet modern standards and preferences, potentially incurring additional costs.
Original List Price Reduction: The price reduction from the original list price may indicate potential concerns about the property's market value or condition.

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