10707 La Jara Street, Cerritos, California 90703, Cerritos, 90703 - 3 bed, 2 bath

10707 La Jara Street, Cerritos, California 90703 home-pic-0
ACTIVE$949,900
10707 La Jara Street, Cerritos, California 90703
3Beds
2Baths
1,395Sqft
5,001Lot
Year Built
1971
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$681
HOA
-
Days on market
-
Sold On
-
MLS number
DW24144680
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,5 Pros. Rank: price - $949.9K(10th), sqft - 1395(16th), beds - 3(29th), baths - 2(50th).

Great family home. Centrally located. Inside laundry, direct garage access and so much more.

Price History

Date
Event
Price
08/14/14
Sold
$550,000
Condition Rating
Fair

The property was built in 1971, making it 53 years old. The listing description is generic and does not mention any recent renovations or updates to the kitchen or bathrooms. The property analysis explicitly states it 'Likely Needs Substantial Updates' to meet current buyer expectations. Without any interior images, particularly of the kitchen and bathrooms, and given the age and lack of mentioned updates, it's highly probable that these key areas are outdated in style and features. While it's described as a 'Great family home,' suggesting it's livable, the need for 'substantial updates' points to a condition that is beyond minor wear and tear, aligning with the 'fair' category where major components are functional but show signs of being outdated and require updates or repairs.
Pros & Cons

Pros

Prime Cerritos Location: The property is 'centrally located' in Cerritos, a highly desirable city known for its quality of life and community amenities.
Top-Rated School District: Being part of the ABC Unified School District is a significant advantage, attracting families seeking excellent educational opportunities.
Convenient Interior Features: The home offers practical amenities such as 'inside laundry' and 'direct garage access,' enhancing daily convenience for residents.
Family-Friendly Appeal: Marketed as a 'Great family home,' it suggests a suitable layout and environment for family living.
Standard Lot Size: The 5001 sqft lot provides a typical and functional outdoor space for a single-family residence in the area.

Cons

Significant Overpricing: The list price of $949,900 is substantially higher than the estimated property value of $695,175.875, indicating a potential overvaluation of approximately 26%.
Likely Needs Substantial Updates: Built in 1971 with no specific mention of recent renovations, the property is likely to require significant modernization and upgrades to meet current buyer expectations and compete with updated comparables.
Smaller Living Space: At 1395 sqft, the property offers less living space compared to several recently sold homes in the immediate vicinity, potentially limiting its appeal to buyers seeking larger homes.

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