3603 Gilman Road, El Monte, California 91732, El Monte, 91732 - 3 bed, 2 bath
ACTIVE$650,000
3603 Gilman Road, El Monte, California 91732
3Beds
2Baths
1,216Sqft
6,189Lot
Year Built
1961
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$535
HOA
-
Days on market
-
Sold On
-
MLS number
CV25108749
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $650.0K(13th), sqft - 1216(31th), beds - 3(50th), baths - 2(50th).
This three bedroom, two bathroom home is a great investment opportunity with tons of potential. Located in a quiet neighborhood the property features a detached garage and a spacious layout. Home needs some TLC is a solid fixer-upper that presents significant potential for value enhancement, don't miss a chance to bring this diamond in the rough back to life!
Condition Rating
Poor
Built in 1961, this property is explicitly described as a 'solid fixer-upper' that 'needs some TLC,' indicating substantial repairs and rehabilitation are required. The visible kitchen in the images shows dated flooring and fixtures, consistent with a home of this age that has not undergone recent renovations. The overall exterior also suggests a lack of recent maintenance and significant deferred upkeep. Major systems (electrical, plumbing, HVAC) are likely original or very old and will require extensive replacement or upgrades to meet modern standards and comfort.
Pros & Cons
Pros
Investment Opportunity: The property is explicitly marketed as a 'great investment opportunity with tons of potential,' appealing to buyers looking to build equity.
Potential for Value Enhancement: Described as a 'solid fixer-upper,' it offers significant potential for value enhancement through strategic renovation and upgrades.
Quiet Neighborhood Location: Situated in a quiet neighborhood, providing a desirable and peaceful living environment.
Detached Garage: The presence of a detached garage offers versatility for parking, storage, or potential conversion into an Accessory Dwelling Unit (ADU).
Generous Lot Size: With a lot size of 6,189 sqft, the property offers ample outdoor space for landscaping, expansion, or recreational use.
Cons
Requires Significant Renovation: The property 'needs some TLC' and is described as a 'solid fixer-upper,' indicating that substantial renovation and repair work will be required.
Older Construction: Built in 1961, the home is over 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be original and require updating.
Overpriced Relative to Estimated Value: The current listing price of $650,000 is 21% higher than the estimated property value of $513,238.9, suggesting it may be overpriced for its current condition.