2516 E 131st Street, Compton, California 90222, Compton, 90222 - 2 bed, 1 bath

2516 E 131st Street, Compton, California 90222 home-pic-0
ACTIVE$748,888
2516 E 131st Street, Compton, California 90222
2Beds
1Bath
1,067Sqft
3,314Lot
Year Built
1954
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$702
HOA
-
Days on market
-
Sold On
-
MLS number
DW25008459
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 43% below the list price. We found 3 Cons,5 Pros. Rank: price - $748.9K(81th), sqft - 1067(45th), beds - 2(31th), baths - 1(50th).

** PROPERTY COUNTS WITH 3 BEDROOMS 2 BATHROOMS (TAX SHOWS 2BEDROOMS/1BATHROOM)** RECENTLY REMODELED ** VINYL WINDOWS ** ELECTRICAL ** PLUMBING ** LAMINATED FLOORS ** KITCHEN CABINETS ** THE GARAGE HAS BEEN CONVERTED INTO LIVING SPACE ** ALLEY ACCES ** AND MUCH MORE...

Condition Rating
Excellent

The property, built in 1954, has undergone an extensive and recent remodel, as explicitly stated in the description and visually confirmed by the images. The kitchen features new white shaker cabinets, modern countertops, and a stainless steel range hood, presenting a contemporary and pristine look. Both bathrooms are fully updated with modern grey subway tiling, hexagonal floor tiles, glass shower enclosures, and new vanities. New laminate flooring is installed throughout the living areas and bedrooms, and recessed lighting adds to the modern aesthetic. Significant system updates, including vinyl windows, electrical, and plumbing, further contribute to its excellent condition, meeting current quality standards with minimal physical depreciation in the renovated areas.
Pros & Cons

Pros

Extensive Recent Remodel: The property has undergone significant recent renovations including vinyl windows, updated electrical, plumbing, laminated floors, and new kitchen cabinets, reducing immediate maintenance needs for a buyer.
Increased Functional Space: The property currently features 3 bedrooms and 2 bathrooms, offering more functional living space than the 2 bedrooms and 1 bathroom indicated on tax records.
Garage Conversion: The garage has been converted into additional living space, providing extra usable square footage for various purposes.
Alley Access: The property benefits from alley access, which can provide convenient secondary entry, additional parking options, or potential for future development.
Modern Interior Aesthetics: Updated laminated flooring and new kitchen cabinets contribute to a contemporary and appealing interior aesthetic.

Cons

Significant Overpricing: The listing price of $748,888 is substantially higher than the property's estimated value of $423,432.73, indicating a potential overpricing issue that could deter buyers and impact marketability.
Unpermitted Additions/Tax Discrepancy: The discrepancy between the advertised 3 beds/2 baths and the tax record's 2 beds/1 bath, along with a converted garage, strongly suggests unpermitted modifications, which can lead to legal complications, financing challenges, and potential remediation costs.
Older Core Structure: Despite recent remodels, the property's original construction year of 1954 means the underlying structure and potentially other components are older, which could lead to unforeseen maintenance or repair needs in the long term.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state