1601 Gundry Avenue, Long Beach, California 90813, Long Beach, 90813 - 3 bed, 1 bath
ACTIVE$655,000
1601 Gundry Avenue, Long Beach, California 90813
3Beds
1Bath
871Sqft
2,962Lot
Year Built
1923
Close
-
List price
$655K
Original List price
$640K
Price/Sqft
$752
HOA
-
Days on market
-
Sold On
-
MLS number
SR25013235
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,5 Pros. Rank: price - $655.0K(47th), sqft - 871(40th), beds - 3(50th), baths - 1(50th).
***Buyer backed out home appraised at 655 with few conditions ***traditional California Craftsman in Long Beach, CA, offering three bedrooms and one bathroom.a nice sized kitchen with wood cabinets, and a service porch. The home includes a detached garage with washer/dryer hookups, providing necessary parking and extra storage space. Enjoy a private, fenced yard—great for outdoor time and pet-friendl space. Walking distance to Long Beach State College in a sought-after neighborhood.
Price History
Date
Event
Price
05/31/24
Sold
$570,000
Condition Rating
Fair
Built in 1923, this property shows its age. While it has some cosmetic updates like laminate flooring and fresh paint, the kitchen features older wood cabinets and a basic setup, indicating it's largely outdated. The single bathroom is also likely original or an older renovation. The exterior shows signs of deferred maintenance with peeling paint on the garage side. The fact that a previous buyer backed out due to appraisal conditions and the significant discrepancy between the list price and estimated value further suggest that the property requires minor to moderate updates and repairs to meet current standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
Architectural Charm: The property boasts a traditional California Craftsman architectural style, appealing to buyers seeking historic character and unique aesthetics.
Prime Location: Situated in a sought-after neighborhood, the home is within walking distance to Long Beach State College, offering convenience and strong rental potential.
Private Outdoor Space: A private, fenced yard provides valuable outdoor living space, ideal for relaxation, entertaining, and pet-friendly activities.
Detached Garage with Potential: The detached garage offers essential parking and extra storage, with significant potential for conversion into an Accessory Dwelling Unit (ADU) to add value or rental income.
Functional Bedroom Count: With three bedrooms, the property offers a practical layout suitable for families or multiple occupants, maximizing its utility.
Cons
Appraisal & Pricing Concerns: A previous buyer withdrew due to appraisal conditions, and the current list price of $655,000 is significantly higher than the estimated value of $436,216, indicating potential overpricing or undisclosed issues.
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which can be a significant functional inconvenience for families or multiple residents.
Compact Living Space: At 871 square feet, the interior living space is relatively small for a three-bedroom home, potentially limiting comfort and appeal for buyers seeking more spacious accommodations.