918 W Cedar Street, Compton, California 90220, Compton, 90220 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$549,999$1,425/sqft
Est. Value: $474,823
-13%
AboveEstimate
918 W Cedar Street, Compton, California 90220
3Beds
2Baths
1,425Sqft
2,497Lot
Price Vs. Estimate
The estimated value ($474,823.295) is $75,175.705 (13%) lower than the list price ($549,999). This property may be overpriced.
Key pros and cons
Top Pros:
Energy Efficiency: The property includes paid-off solar panels, offering significant long-term energy cost savings and environmental benefits.
Top Cons:
Condition & Financing Restrictions: The property 'needs some TLC' and 'may not qualify for traditional financing,' limiting the buyer pool primarily to cash or renovation loan applicants.
Compared to the nearby listings
Price:$550.0K vs avg $655.0K ($-105,001)13%
Size:1,425 sqft vs avg 1,157 sqft67%
Price/sqft:$386 vs avg $56810%
More Insights
Built in 1983 (43 years old).
Condition: The property, built in 1983 (41 years old), explicitly states it 'needs some TLC' and 'may not qualify for traditional financing,' indicating substantial repairs and rehabilitation are required. The absence of interior images, particularly for the kitchen and bathrooms, strongly suggests these areas are significantly outdated or in poor condition, necessitating major renovations. While the exterior appears structurally sound, the interior likely requires extensive updates to systems, finishes, and fixtures to meet modern standards and habitability, aligning with the 'poor' condition criteria.
Year Built
1983
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
DW25200200
Home ConditionPoor
Features
View-
About this home
Two-Story Home nestled in a quiet cul-de-sac, this two-story single-family residence offers a great opportunity for buyers looking to add their personal touch. Featuring 3 bedrooms, 2 bathrooms, a 2-car garage, and two additional parking spaces in front, this home provides both space and potential. The property includes PAID OFF SOLAR PANELS, a wrought iron fence for added security, and is conveniently located near schools, shopping centers, and public transportation. With good bones and plenty of upside, this home is perfect for buyers or investors seeking a property they can improve over time. The home will need some TLC and may not qualify for traditional financing, ideal for cash buyers or those using renovation loans.
J
Juan Avendano
Listing Agent
Price History
Date
Event
Price
07/16/99
Sold
$115,000
01/21/99
Sold
$74,000
09/11/09
Sold
$137,500
06/15/06
Sold
$395,000
08/26/04
Sold
$265,000
05/03/04
Sold
$230,000
03/31/03
Sold
$170,000
Condition Rating
Poor
The property, built in 1983 (41 years old), explicitly states it 'needs some TLC' and 'may not qualify for traditional financing,' indicating substantial repairs and rehabilitation are required. The absence of interior images, particularly for the kitchen and bathrooms, strongly suggests these areas are significantly outdated or in poor condition, necessitating major renovations. While the exterior appears structurally sound, the interior likely requires extensive updates to systems, finishes, and fixtures to meet modern standards and habitability, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Energy Efficiency: The property includes paid-off solar panels, offering significant long-term energy cost savings and environmental benefits.
Prime Location: Nestled in a quiet cul-de-sac, the home boasts convenient access to schools, shopping centers, and public transportation.
Ample Parking: Features a 2-car garage along with two additional dedicated parking spaces, providing excellent convenience for residents and guests.
Investment Potential: Described as having 'good bones' and 'plenty of upside,' it presents a strong opportunity for buyers or investors looking to add value through renovation.
Enhanced Security: A wrought iron fence provides an added layer of security and contributes to the property's curb appeal.
Cons
Condition & Financing Restrictions: The property 'needs some TLC' and 'may not qualify for traditional financing,' limiting the buyer pool primarily to cash or renovation loan applicants.
Limited Lot Size: With a lot size of 2497 sqft, the property offers relatively limited outdoor space, which may not appeal to all buyers.
Age-Related Maintenance: Built in 1983, the home is over 40 years old, suggesting potential for outdated systems or components that will require future maintenance or upgrades.