12159 Hoyt Street, Sylmar, California 91342, Sylmar, 91342 - 3 bed, 2 bath
ACTIVE$779,000
12159 Hoyt Street, Sylmar, California 91342
3Beds
2Baths
1,188Sqft
6,945Lot
Year Built
1961
Close
-
List price
$779K
Original List price
$830K
Price/Sqft
$656
HOA
-
Days on market
-
Sold On
-
MLS number
SR25000095
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,5 Pros. Rank: price - $779.0K(28th), sqft - 1188(14th), beds - 3(50th), baths - 2(50th).
Great Home in the city of Sylmar, Features 3 bedrooms 2 baths, Ready for a first time buyers, Take advantage of the grea loan Programs available. This home in a good neighborhood! This home may need a little TLC—some cleaning, paint, and minor updates—but it’s an amazing opportunity! for a savvy investor or buyers,Garage was converted into a living quarters, May or may not be permitted. ? Stop renting and own your dream home today! ?? Call me now for a private showing!
Condition Rating
Fair
The property, built in 1961, is aged and requires minor updates and TLC as stated in the description. The visible bathroom features dated light fixtures and basic, functional elements, while the hallway shows older tile flooring and wainscoting. The exterior and backyard appear unkempt, indicating deferred maintenance. While functional, the home shows clear signs of being outdated and has not undergone a recent extensive renovation. The unpermitted garage conversion also presents a potential issue for the buyer.
Pros & Cons
Pros
Desirable Neighborhood: The property is situated in a good neighborhood, enhancing its appeal and potential for appreciation.
Investor/First-Time Buyer Opportunity: Positioned as an excellent opportunity for both first-time homebuyers and savvy investors looking to add value.
Potential for Expanded Living Space: The converted garage offers additional living quarters, presenting potential for increased utility or rental income.
Recent Price Reduction: A significant price drop from the original listing price ($829,900 to $779,000) makes the property more attractive to potential buyers.
Access to Loan Programs: The listing highlights eligibility for great loan programs, which is a strong draw for first-time buyers.
Cons
Requires Updates/TLC: The property needs 'a little TLC—some cleaning, paint, and minor updates,' indicating immediate out-of-pocket expenses for the buyer.
Unpermitted Garage Conversion Risk: The garage conversion 'may or may not be permitted,' posing a potential legal and financial risk for the buyer regarding compliance and future use.
Potential Overpricing: The listing price ($779,000) is considerably higher than the estimated property value ($528,052.16), suggesting it may be overpriced relative to market expectations or comparable sales.