103 Esperanza Avenue H, Sierra Madre, California 91024, Sierra Madre, 91024 - 3 bed, 3 bath
ACTIVE$1,150,000
103 Esperanza Avenue H, Sierra Madre, California 91024
3Beds
3Baths
1,877Sqft
24,927Lot
Year Built
1980
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$613
HOA
$575
Days on market
-
Sold On
-
MLS number
IG24151368
Home ConditionPoor
Features
Good View: Mountain(s)
Deck
ViewMountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(71th), sqft - 1877(71th), beds - 3(50th), baths - 3(50th).
Look no further! This 2-story condo has everything you need. A serene walkway welcomes you to this 3-bedroom home featuring: a fireplace, spacious under staircase closet, laundry room, master suite with generous walk-in closet, 3 restrooms, two balconies, two car garage with plenty of storage space, and a wet bar! All bedrooms upstairs. All interior walls have recently received a new paint job and Seller has invested $60,000 in new plumbing. Located in the charming community of Sierra Madre, this condo is just moments away from local shops, dining, and scenic parks, making it an ideal blend of urban convenience and suburban tranquility.
Price History
Date
Event
Price
08/15/25
Price Change
$1,150,000
07/25/24
Listing
$1,200,000
Condition Rating
Poor
Built in 1980, this condo shows significant cosmetic and functional obsolescence in its key areas. While the description notes a recent $60,000 investment in new plumbing and a fresh paint job, the images reveal severely outdated kitchen and bathrooms with original-style wood cabinets, tile countertops, and older appliances/fixtures. The flooring (worn carpet, dated tile, parquet) and light fixtures are also from the original era. These areas require substantial rehabilitation and renovation to meet modern standards, pushing the property into the 'Poor' category despite the updated plumbing.
Pros & Cons
Pros
Recent Major Upgrades: The seller has invested $60,000 in new plumbing and recently painted all interior walls, indicating significant, costly improvements that enhance the property's condition and reduce immediate maintenance concerns for a buyer.
Desirable Location: Located in the charming community of Sierra Madre, offering an ideal blend of urban convenience (shops, dining) and suburban tranquility (scenic parks), appealing to a wide range of buyers.
Functional & Spacious Interior: With 1877 sqft, 3 bedrooms, 3 bathrooms, a master suite with a generous walk-in closet, a dedicated laundry room, and a wet bar, the condo offers a highly functional and spacious living environment.
Ample Storage & Parking: The property includes a spacious under-staircase closet and a two-car garage with plenty of storage space, addressing common buyer needs for organization and vehicle accommodation.
Outdoor Space & Views: Featuring two private balconies and mountain views, the condo provides desirable outdoor living spaces and scenic backdrops.
Cons
High Monthly HOA Fees: The $575 monthly association fee is a substantial recurring expense that adds to the overall cost of ownership and may deter some potential buyers.
Condominium Limitations: As a condominium, the property inherently comes with shared walls, potentially less privacy than a single-family home, and reliance on HOA rules and management.
Recent Price Reduction: The recent price reduction from $1.2M to $1.15M could signal that the property was initially overpriced or has faced challenges in the market, potentially raising questions for buyers about its true value.