2035 N Parmelee Avenue, Compton, California 90222, Compton, 90222 - 4 bed, 2 bath
ACTIVE$695,000
2035 N Parmelee Avenue, Compton, California 90222
4Beds
2Baths
1,320Sqft
5,155Lot
Year Built
1959
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$527
HOA
-
Days on market
-
Sold On
-
MLS number
RS25106983
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 36% below the list price. We found 3 Cons,5 Pros. Rank: price - $695.0K(69th), sqft - 1320(62th), beds - 4(74th), baths - 2(50th).
* WOW WOW WOW ! This Diamond In The Rough Has Lots Of Potential ! * Outside And Inside Need Repairs * Great Floor Plan !! 4 Bedrooms 1 3/4 Baths, Family Room With Fireplace Off Of Kitchen , This Home Needs Some TLC And Updating , It Is The Perfect Opportunity For A Savvy Buyer Or Investor ! Bring Your Vision And Turn This Property Into Your Dream Home !!
Price History
Date
Event
Price
05/19/17
Sold
$423,000
01/11/17
Sold
$285,000
Condition Rating
Poor
The property, built in 1959, is explicitly described as a 'Diamond In The Rough' that 'Needs Repairs' both 'Outside And Inside' and requires 'Some TLC And Updating.' The single exterior image shows a neglected appearance with faded paint and overgrown landscaping. Given the age and the seller's candid description, it's highly probable that major systems, kitchen, and bathrooms are original or severely outdated, requiring substantial rehabilitation rather than minor updates.
Pros & Cons
Pros
Bedroom Count: The property offers 4 bedrooms, providing ample living space suitable for families or those needing extra rooms for home offices or guests.
Generous Lot Size: With a lot size of 5155 sqft, the property offers good outdoor space for potential landscaping, expansion, or recreational activities.
Desirable Floor Plan: The description highlights a 'Great Floor Plan' including a family room with a fireplace off the kitchen, suggesting a functional and appealing layout.
Investment Potential: Explicitly marketed as a 'Perfect Opportunity For A Savvy Buyer Or Investor' and a 'Diamond In The Rough,' it appeals to those looking to add significant value through renovation.
Neighborhood Growth Potential: Located in Compton, an area that has seen revitalization efforts, the property holds potential for appreciation once updated and improved.
Cons
Extensive Renovation Required: The property 'Needs Repairs,' 'Needs Some TLC And Updating,' and is described as a 'Diamond In The Rough,' indicating significant capital investment and effort will be required for a full renovation.
Overpriced Relative to Condition: The listing price of $695,000 is substantially higher than the estimated value ($440,181) and recent sales of comparable properties in similar or better condition, suggesting it's priced for its post-renovation value rather than its current state.
Age and Outdated Systems: Built in 1959, the property is likely to have original or outdated systems (e.g., plumbing, electrical, HVAC) and finishes that will require full replacement or significant upgrades, adding to the overall renovation cost and complexity.