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872 W Walnut Avenue A, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 3 bath

872 W Walnut Avenue A, Monrovia, California 91016 home-pic-0
ACTIVE$844,000
872 W Walnut Avenue A, Monrovia, California 91016
3Beds
3Baths
1,324Sqft
10,658Lot

Price Vs. Estimate

The estimated value ($844,000) is $0 (0%) lower than the list price ($844,000). This property may be overpriced.

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 = 10658, living area = 1324.
Top Cons:
Monthly HOA Fees: A monthly HOA fee of $253.25 adds a recurring cost to homeownership, which buyers must factor into their budget.

Compared to the nearby listings

Price:$844.0K vs avg $999.0K ($-155,000)23%
Size:1,324 sqft vs avg 1,495.5 sqft35%
Price/sqft:$637 vs avg $71830%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024, making it brand new construction. The description highlights a stylish kitchen with stainless steel appliances, quartz countertops, and shaker cabinets, along with modern bathrooms featuring dual sinks and contemporary fixtures. All components, including waterproof vinyl plank floors, central air/heat, recessed lighting, and a fully paid solar panel system, are new and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Year Built
2024
Close
-
List price
$844K
Original List price
$869K
Price/Sqft
$637
HOA
$253.25
Days on market
-
Sold On
-
MLS number
AR25198177
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Take a look at this reduced listing price of $844,000 ($25,000 reduction) If you missed this property, the first time don't delay it closed escrow 1-24-2025 and is now up for sale again (absolutely no problems with the house buyer made other plans and this home has been very lightly lived in). Almost New Bowden Development built Townhouse style condominium. Front unit #A features open floor plan with living room and dining area just off the stylish kitchen boasting stainless steel appliances, quartz countertops with tiled backsplash and Shaker Style Cabinets. Convenient downstairs powder room and direct access to the 2 Car garage are a plus. Upstairs features include spacious primary suite with dual sinks and walk-in closet plus 2 additional bedrooms and another full bath Jack & Jill style and an individual laundry room with cabinet space. Additional amenities include central air and heat, recessed lighting, ceiling fans and carpet in bedrooms, dual pane windows sliding door to private rear patio and vinyl fencing for privacy. Best of all fully paid Solar panel system. Light color pallet with great natural light and waterproof vinyl plank floors and professionally landscaped grounds makes this a must see and have now! Pictures are from earlier this year, and the unit is currently not staged. 1,324 square foot interior built in 2024 $253.25 Monthly HOA

Condition Rating
Excellent
This property was built in 2024, making it brand new construction. The description highlights a stylish kitchen with stainless steel appliances, quartz countertops, and shaker cabinets, along with modern bathrooms featuring dual sinks and contemporary fixtures. All components, including waterproof vinyl plank floors, central air/heat, recessed lighting, and a fully paid solar panel system, are new and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation.
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 = 10658, living area = 1324.
New Construction & Modern Finishes: Built in 2024, this 'almost new' townhouse features an open floor plan, stylish kitchen with stainless steel appliances, quartz countertops, shaker cabinets, and waterproof vinyl plank floors, offering a contemporary living experience.
Energy Efficiency & Cost Savings: Equipped with a fully paid solar panel system, central air and heat, and dual-pane windows, significantly reducing utility costs and enhancing comfort.
Functional Layout & Amenities: Includes a convenient downstairs powder room, direct access to a 2-car garage, a spacious primary suite with dual sinks and a walk-in closet, a Jack & Jill bathroom, and an individual laundry room.
Recent Price Reduction: The listing price has been reduced by $25,000, potentially offering a more attractive entry point for buyers and indicating seller motivation.
Private Outdoor Space: Features a private rear patio with vinyl fencing, accessible via a sliding door, providing a secluded outdoor area for relaxation.

Cons

Monthly HOA Fees: A monthly HOA fee of $253.25 adds a recurring cost to homeownership, which buyers must factor into their budget.
Condominium Ownership: As a townhouse-style condominium, it may involve shared walls and common area regulations, potentially offering less privacy and autonomy compared to a detached single-family home.
Recent Relisting History: The property was recently sold and relisted quickly, which, despite the explanation of buyer's changed plans, might raise questions or concerns for some potential buyers regarding the property's history.

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