1201 S Magnolia Avenue, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 2 bath
ACTIVE$1,000,000
1201 S Magnolia Avenue, Monrovia, California 91016
3Beds
2Baths
1,614Sqft
1,677Lot
Year Built
2004
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$620
HOA
$170
Days on market
-
Sold On
-
MLS number
DW25006718
Home ConditionGood
Features
View-
About this home
Possibly Over-Priced:The estimated price is 10% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.00M(50th), sqft - 1614(62th), beds - 3(50th), baths - 2(50th).
Welcome buyers to your spacious home in the heart of, Monrovia! This charming house 3 Bedroom 2 Baths. Offering space for your family to Grow, situated in a quit neighborhood.
Condition Rating
Good
The property was built in 2004, making it 20 years old, which falls within the 'Good' category's age range. The available images show a well-maintained exterior and a clean, neutral interior living space. While there are no specific images or descriptions of the kitchen and bathrooms, the overall impression is that the home is move-in ready with functional systems and minimal wear and tear for its age. However, without recent renovation details, the kitchen and bathrooms are likely original to 2004 and may appear dated, though not necessarily requiring immediate repair.
Pros & Cons
Pros
Modern Construction Year: Built in 2004, the property benefits from more recent construction standards and potentially fewer deferred maintenance issues compared to older homes in the area.
Desirable Monrovia Location: Situated 'in the heart of Monrovia,' the home offers access to a charming city known for its community, amenities, and convenient access to the wider San Gabriel Valley.
Quiet Neighborhood Setting: The property is located in a 'quiet neighborhood,' providing a peaceful and desirable living environment for families or individuals seeking tranquility.
Spacious Layout for Family Growth: With 1614 sqft, 3 bedrooms, and 2 baths, the home is described as 'spacious' and offering 'space for your family to Grow,' appealing to families looking for functional living areas.
Single-Family Residence Status: Despite having an association fee, the property is a Single Family Residence, offering greater privacy and potential for customization compared to attached housing options.
Cons
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1677, living area = 1614.
Overpriced Relative to Market Estimation: The current list price of $1,000,000 is significantly above the property's estimated market value of $890,284.85, potentially limiting buyer interest and requiring price adjustments.
Lack of Detailed Features/Upgrades: The property description is generic, failing to highlight specific modern upgrades, finishes, or unique selling points that could justify its price or attract discerning buyers.
Monthly Association Fee for SFR: A $170 monthly association fee for a single-family residence is an additional recurring cost that might be unexpected for buyers seeking a traditional detached home, potentially impacting affordability and perceived value.