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10991 Pipeline Avenue, Pomona, California 91766, Pomona, 91766 - 3 bed, 2 bath

10991 Pipeline Avenue, Pomona, California 91766 home-pic-0
ACTIVE$755,000
10991 Pipeline Avenue, Pomona, California 91766
3Beds
2Baths
1,200Sqft
22,443Lot

Price Vs. Estimate

The estimated value ($697,570.07) is $57,429.93 (7%) lower than the list price ($755,000). 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 = 22443, living area = 1200.
Top Cons:
Overpriced Relative to Market Value: The current listing price is 7% above the property's estimated market value, suggesting it may be overpriced compared to current market conditions.

Compared to the nearby listings

Price:$755.0K vs avg $692.0K (+$63,000)64%
Size:1,200 sqft vs avg 1,383 sqft45%
Price/sqft:$629 vs avg $49981%

More Insights

Built in 1940 (85 years old).
Condition: Despite being built in 1940, this property has undergone extensive and recent renovations, making it move-in ready. The kitchen features modern white shaker cabinets, light countertops, and stainless steel appliances. Bathrooms are updated with contemporary vanities, fixtures, and subway-tiled showers. Newer wood-look laminate flooring and fresh paint are present throughout the home, along with modern recessed lighting. While the cosmetic updates are excellent and appear very recent, the 'Good' rating acknowledges the property's age and assumes major systems (plumbing, electrical, HVAC) are functional and well-maintained within their expected lifespan, but not necessarily 'virtually new' as would be required for an 'Excellent' rating on a property of this age without explicit confirmation of full system replacements.
Year Built
1940
Close
-
List price
$755K
Original List price
$825K
Price/Sqft
$629
HOA
-
Days on market
-
Sold On
-
MLS number
TR25077593
Home ConditionGood
Features
Patio
View-

About this home

Motivated Seller !!! For a quick sale !!! **** A Fully upgraded home in the beautiful city of Pomona, Move in condition. Next to city of Montclair. Flat Lot 22,443/0.51 Acre. ******With large windows flooding the 1,200-sq ft One story home with natural light, with New Interior paint, newer flooring. High-grade and tasteful lighting, perfectly comfortable kitchen. **********City may allow many other uses for land. There is potential for land subdivision and ADU. This land is full of opportunities and potential. **********A great place to raise a family, get to know your neighbors, and enjoy great times inside or out. Don't miss out on this slice of peace, tranquility, quiet, and opportunity. It's perfectly located virtually with everything you need, shopping centers, great restaurants, parks, etc. *******You don't want to miss out on this deal. A must own opportunity, listed as the best opportunity in terms of value you can find!!

Condition Rating
Good
Despite being built in 1940, this property has undergone extensive and recent renovations, making it move-in ready. The kitchen features modern white shaker cabinets, light countertops, and stainless steel appliances. Bathrooms are updated with contemporary vanities, fixtures, and subway-tiled showers. Newer wood-look laminate flooring and fresh paint are present throughout the home, along with modern recessed lighting. While the cosmetic updates are excellent and appear very recent, the 'Good' rating acknowledges the property's age and assumes major systems (plumbing, electrical, HVAC) are functional and well-maintained within their expected lifespan, but not necessarily 'virtually new' as would be required for an 'Excellent' rating on a property of this age without explicit confirmation of full system replacements.
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 = 22443, living area = 1200.
Development Potential: Significant potential for land subdivision and Accessory Dwelling Unit (ADU) construction, offering future value and flexibility for the buyer.
Large Flat Lot: An expansive 0.51-acre flat lot provides ample space for outdoor activities, potential expansion, or further development.
Recent Upgrades & Move-in Ready: The home is fully upgraded with new interior paint, newer flooring, and a comfortable kitchen, making it move-in ready for immediate occupancy.
Motivated Seller & Price Adjustment: A motivated seller and a recent price reduction from $825,000 to $755,000 indicate potential for negotiation and a favorable purchase.
Abundant Natural Light: Large windows throughout the 1,200 sq ft home ensure ample natural light, creating a bright and inviting atmosphere.

Cons

Overpriced Relative to Market Value: The current listing price is 7% above the property's estimated market value, suggesting it may be overpriced compared to current market conditions.
Older Construction: Built in 1940, the property's age, despite recent cosmetic upgrades, may raise concerns about underlying infrastructure and potential long-term maintenance costs.
Modest Home Size: At 1,200 sq ft, the living space is relatively modest for a 3-bedroom home on such a large lot, potentially limiting appeal for buyers seeking more interior space.

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