242 E 92nd Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
ACTIVE$689,000
242 E 92nd Street, Los Angeles, California 90003
3Beds
2Baths
1,252Sqft
5,124Lot
Year Built
1999
Close
-
List price
$689K
Original List price
$689K
Price/Sqft
$550
HOA
-
Days on market
-
Sold On
-
MLS number
SB25068407
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,5 Pros. Rank: price - $689.0K(80th), sqft - 1252(65th), beds - 3(50th), baths - 2(50th).
Perfect Starter Home built in 1999! Welcome to this charming single-family home located on 92nd St in the vibrant city of Los Angeles. If you would like to learn more about a $20,000-$50,000 grant program and how we can help you turn this house into your dream home, please feel free to reach out. Submit an offer today!
Price History
Date
Event
Price
08/10/04
Sold
$239,000
03/26/04
Sold
$175,000
09/02/03
Sold
$168,059
12/06/99
Sold
$155,000
Condition Rating
Fair
Built in 1999, this property is 25 years old. The exterior images show significant cosmetic wear, including chipped paint and an unkempt yard, indicating deferred maintenance. Crucially, there are no interior images provided, especially for the kitchen and bathrooms. This omission, combined with the listing's suggestion of a grant program to 'turn this house into your dream home,' strongly implies that these key areas are original and outdated, requiring substantial updates to meet modern standards. The property is functional but clearly shows its age and has not undergone a recent renovation, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Newer Construction: Built in 1999, this home is significantly newer than many properties in the surrounding area, suggesting modern building standards and potentially fewer immediate maintenance issues.
Targeted Market Appeal: Explicitly marketed as a 'Perfect Starter Home,' which effectively targets first-time buyers and those seeking an entry-level property in Los Angeles.
Financial Incentive Opportunity: The availability of a potential $20,000-$50,000 grant program is a substantial financial benefit that can significantly reduce the buyer's out-of-pocket expenses and increase affordability.
Functional Layout and Lot Size: With 3 bedrooms, 2 bathrooms, and 1252 sqft on a 5124 sqft lot, the property offers a practical and comfortable living space with a decent outdoor area suitable for a starter home.
Los Angeles Location: Located in the vibrant city of Los Angeles, providing residents with access to extensive amenities, employment opportunities, and cultural attractions.
Cons
Overpriced Relative to Market Value: The listing price of $689,000 is 13% higher than the estimated property value of approximately $592,566, which may deter potential buyers and necessitate price adjustments.
Sparse Property Description: The listing description is notably brief and lacks specific details about interior features, recent upgrades, or key amenities (e.g., cooling system, garage specifics), making it less competitive compared to more thoroughly described comparables.
Potential for Undisclosed Needs: The absence of detailed information regarding renovations or condition, especially when compared to nearby properties highlighting extensive updates, could imply the home requires significant investment post-purchase.