8246 Cheyenne Avenue, Downey, California 90242, Downey, 90242 - 3 bed, 2 bath

8246 Cheyenne Avenue, Downey, California 90242 home-pic-0
ACTIVE$775,000
8246 Cheyenne Avenue, Downey, California 90242
3Beds
2Baths
1,048Sqft
5,416Lot

Price Vs. Estimate

The estimated value ($738,320.715) is $36,679.285 (4%) lower than the list price ($775,000). This property may be overpriced.

Key pros and cons

Top Pros:
Move-in Ready & Modern Updates: The property is described as a 'beautifully updated move-in ready home' with 'updated bathrooms,' minimizing immediate buyer expenses and offering contemporary appeal.
Top Cons:
Potential Overpricing: The listing price is 6% higher than the estimated property value, which may suggest it is priced above current market expectations and could impact buyer interest.

Compared to the nearby listings

Price:$775.0K vs avg $840.0K ($-65,000)28%
Size:1,048 sqft vs avg 1,382.5 sqft17%
Price/sqft:$740 vs avg $58985%

More Insights

Built in 1928 (97 years old).
Condition: Despite being built in 1928, the listing explicitly states the home is 'Beautifully updated' and 'move-in ready' with 'updated bathrooms.' The exterior image supports this, showing a well-maintained facade with newer-looking windows and fresh paint. While no interior photos are provided to assess the kitchen, flooring, or specific appliance conditions, the strong descriptive language indicates significant renovations have been completed, likely within the last 5-15 years, bringing the property to a modern, functional, and appealing standard. This aligns with the 'Good' score criteria of being move-in ready with extensive renovations, even if not a full, brand-new overhaul.
Year Built
1928
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$740
HOA
-
Days on market
-
Sold On
-
MLS number
DW25233578
Home ConditionGood
Features
View-

About this home

Welcome to 8246 Cheyenne Ave in Downey, this Beautifully updated move-in ready home. Walk into the house and delight in the bright and open floor plan that offers 3 spacious bedrooms and 2 updated bathrooms. Very nice yard with long driveway that can accommodate several cars. Located in a great area near Norwalk, Paramount, South Gate, and minutes to SoFi Stadium. Super easy access to Metro Line and the 105 Fwy and 710 Fwy. Don’t miss this opportunity!

Price History

Date
Event
Price
02/09/18
Sold
$450,000
06/23/09
Sold
$325,000
02/18/09
Sold
$220,000
01/23/06
Sold
$517,000
09/16/05
Sold
$410,000
Condition Rating
Good

Despite being built in 1928, the listing explicitly states the home is 'Beautifully updated' and 'move-in ready' with 'updated bathrooms.' The exterior image supports this, showing a well-maintained facade with newer-looking windows and fresh paint. While no interior photos are provided to assess the kitchen, flooring, or specific appliance conditions, the strong descriptive language indicates significant renovations have been completed, likely within the last 5-15 years, bringing the property to a modern, functional, and appealing standard. This aligns with the 'Good' score criteria of being move-in ready with extensive renovations, even if not a full, brand-new overhaul.
Pros & Cons

Pros

Move-in Ready & Modern Updates: The property is described as a 'beautifully updated move-in ready home' with 'updated bathrooms,' minimizing immediate buyer expenses and offering contemporary appeal.
Strategic Location & Connectivity: Located in a 'great area' with 'super easy access to Metro Line and the 105 Fwy and 710 Fwy,' providing excellent regional connectivity for commuters.
Proximity to Amenities & Entertainment: The home is 'minutes to SoFi Stadium' and near key cities like Norwalk, Paramount, and South Gate, offering convenient access to entertainment and services.
Functional Layout & Spacious Bedrooms: Features a 'bright and open floor plan' complemented by '3 spacious bedrooms,' catering to modern living preferences and comfort.
Generous Parking & Outdoor Space: Includes a 'long driveway that can accommodate several cars' and a 'very nice yard,' adding significant practical value and outdoor enjoyment.

Cons

Potential Overpricing: The listing price is 6% higher than the estimated property value, which may suggest it is priced above current market expectations and could impact buyer interest.
Age of Property: Built in 1928, the home is nearly a century old. While updated, its age could imply potential for older underlying infrastructure or higher long-term maintenance costs.
Compact Living Space: With 1048 sqft for 3 bedrooms, the interior living space might be considered compact for some buyers, potentially limiting flexibility for larger families or those desiring more expansive rooms.

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