1960 Liliano Drive, Sierra Madre, California 91024, Sierra Madre, 91024 - 4 bed, 3 bath

1960 Liliano Drive, Sierra Madre, California 91024 home-pic-0
ACTIVE$2,200,000
1960 Liliano Drive, Sierra Madre, California 91024
4Beds
3Baths
2,682Sqft
15,251Lot
Year Built
1956
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$820
HOA
-
Days on market
-
Sold On
-
MLS number
AR25001613
Home ConditionPoor
Features
Excellent View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.20M(82th), sqft - 2682(80th), beds - 4(59th), baths - 3(50th).

An Exceptional Gem in Picturesque Sierra Madre Nestled in the charming city of Sierra Madre, this property offers a rare blend of space, beauty, and tranquility. The expansive, park-like grounds are meticulously landscaped, creating a perfect outdoor relaxation. With its south-facing orientation, the home enjoys abundant natural light and breathtaking views. Boasting four bedrooms and three bathrooms, this home features a thoughtfully designed layout that includes a spacious family room, a formal living room, a dining room, and a cozy breakfast area. A standout feature is the separate bedroom and bathroom adjacent to a generously sized workshop, presenting an excellent opportunity to convert into a future ADU. The property is set in a highly desirable neighborhood, enhanced by a concrete circular driveway and panoramic views of twinkling valley lights and stunning sunsets. Additional highlights include ample storage, built-in cabinets, and an atmosphere of warmth and elegance. This exceptional property is ready to become your dream home in Sierra Madre. Open House this Saturday and Sunday from 1-3pm.

Condition Rating
Poor

Built in 1956, this property features a highly dated kitchen with white appliances, older wood cabinets, laminate/tile countertops, and fluorescent lighting. The bathrooms are similarly outdated with old vanities, tile, and fixtures. The property lacks central air conditioning, a significant system deficiency for a home of this size and price point in California. While the home appears structurally sound and maintained, the interior requires substantial modernization and rehabilitation, particularly in the kitchen and bathrooms, and the addition of a modern HVAC system, aligning with the 'poor' condition criteria.
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 = 15251, living area = 2682.
Desirable Location & Neighborhood: Nestled in the charming and highly desirable city of Sierra Madre, offering tranquility and a prestigious address.
Panoramic Views & Natural Light: The south-facing orientation provides abundant natural light and breathtaking panoramic views of twinkling valley lights and stunning sunsets.
Expansive, Landscaped Grounds: Features meticulously landscaped, park-like grounds on a generous 15,251 sqft lot, ideal for outdoor relaxation and entertaining.
ADU Conversion Potential: A separate bedroom and bathroom adjacent to a large workshop offers an excellent opportunity for future Accessory Dwelling Unit (ADU) conversion, adding significant value.
Spacious & Functional Layout: The home boasts a thoughtfully designed layout with a spacious family room, formal living and dining rooms, a cozy breakfast area, and ample storage with built-in cabinets.

Cons

Potential for Significant Updates: Built in 1956, the property description does not highlight recent major renovations, suggesting it may require substantial modernization to meet current buyer expectations and compete with updated comparables.
Lack of Premium Amenities: The property does not appear to include highly sought-after amenities such as a pool, spa, or central air conditioning, which are present in several comparable properties in this price bracket.
Aggressive Pricing Relative to Market: The listing price of $2.2 million is significantly above the estimated property value of approximately $1.5 million and exceeds the sale prices of several recently updated or amenity-rich comparable homes, potentially impacting marketability.

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