12108 Muriel Drive, Lynwood, California 90262, Lynwood, 90262 - 3 bed, 1 bath
ACTIVE$849,000
12108 Muriel Drive, Lynwood, California 90262
3Beds
1Bath
1,435Sqft
8,912Lot
Year Built
1938
Close
-
List price
$849K
Original List price
$849K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
DW25082650
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $849.0K(92th), sqft - 1435(61th), beds - 3(50th), baths - 1(50th).
Condition Rating
Poor
Built in 1938, the property's kitchen and bathroom are severely outdated, featuring old cabinetry, countertops, fixtures, and flooring that appear to be from several decades ago, if not original. These key areas require substantial renovation and rehabilitation to meet modern standards and comfort, aligning with the 'poor' condition criteria. The property analysis also highlights 'Age and Potential for Outdated Systems' as a significant weakness.
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 = 8912, living area = 1435.
Generous Lot Size: At 8,912 sqft, the property boasts a significantly larger lot than most comparable properties in the area, offering ample outdoor space and potential for expansion or an ADU.
Spacious Interior Footprint: With 1,435 sqft, the home provides a comfortable living area, exceeding the square footage of several recently sold or pending comparables in the Lynwood market.
Established Neighborhood Appeal: Being built in 1938, the property is situated in a mature and established part of Lynwood, which often comes with a sense of community, stable surroundings, and potentially mature landscaping.
ADU Potential: The large lot size strongly suggests the feasibility of adding an Accessory Dwelling Unit (ADU), a highly sought-after feature for rental income or extended family living, enhancing future value.
Desirable Bedroom Count: The 3-bedroom configuration is a popular and functional layout for families, aligning with the needs of a broad segment of potential buyers in the Lynwood area.
Cons
Limited Bathroom Count: Having only one bathroom for a 3-bedroom home of this size is a significant functional limitation and falls below market expectations, especially when comparables often feature two bathrooms.
Significant Overpricing: The listing price of $849,000 is substantially higher than the property's estimated value of $579,058.83, indicating a potential overvaluation of 31% relative to current market analytics and recent comparable sales.
Age and Potential for Outdated Systems: Built in 1938, the property is likely to have older systems (plumbing, electrical) and finishes that may require significant investment for modernization and upgrades to meet contemporary standards.