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404 E Kingsley Avenue, Pomona, California 91767, Pomona, 91767 - 5 bed, 3 bath

404 E Kingsley Avenue, Pomona, California 91767 home-pic-0
ACTIVE$1,060,000
404 E Kingsley Avenue, Pomona, California 91767
5Beds
3Baths
1,852Sqft
8,719Lot
Year Built
1922
Close
-
List price
$1.06M
Original List price
$1.14M
Price/Sqft
$572
HOA
-
Days on market
-
Sold On
-
MLS number
WS25028521
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 57% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.06M(99th), sqft - 1852(85th), beds - 5(93th), baths - 3(78th).

Beautifully remodeled home in Pomona! This home has been updated with all the modern amenities one would want. The living area is open and bright with plenty of recessed lighting. There are modern tiles and wood floors throughout. The kitchen is extremely spacious. There are new white shaker cabinets along with quartz countertop. All new fixtures and appliances have been meticulously installed. The home has a sliding gate to ensure privacy. Lots of parking outdoor parking area, perfect for large recreational vehicles. The backyard is nice and flat, giving you the option to build out your own oasis. Don’t miss this beautiful home! There also have solar panel system included in the sale and will save you big money every month! Potential ADU for the detached garage!

Condition Rating
Excellent
Despite being built in 1922, the property has undergone a comprehensive and recent modern renovation. The description highlights 'beautifully remodeled' with 'all the modern amenities,' including new white shaker cabinets, quartz countertops, new stainless steel appliances, modern tiles and wood floors, and recessed lighting. The images confirm a high-quality, contemporary aesthetic in the kitchen and bathrooms, with new fixtures and finishes throughout. The inclusion of a solar panel system further enhances its modern appeal and efficiency, aligning perfectly with the 'extensively renovated within 5 years' and 'all components are new or virtually new' criteria for an excellent rating.
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 = 8719, living area = 1852.
Extensive Modern Remodel: The property has undergone a comprehensive modern remodel, featuring updated finishes, new fixtures, appliances, and contemporary flooring throughout, offering a move-in ready experience.
Cost-Saving Solar System: The inclusion of a solar panel system provides significant monthly utility savings, enhancing the property's long-term value and appeal to environmentally conscious buyers.
ADU Potential with Detached Garage: The detached garage offers clear potential for conversion into an Accessory Dwelling Unit (ADU), presenting an excellent opportunity for rental income or multi-generational living.
Spacious & Updated Kitchen: A generously sized kitchen equipped with new white shaker cabinets, quartz countertops, and modern appliances serves as a central, highly functional, and aesthetically pleasing hub.
Enhanced Privacy & Ample Parking: A sliding gate ensures privacy and security, complemented by extensive outdoor parking, including space suitable for large recreational vehicles.

Cons

Significant Valuation Discrepancy: The current list price is considerably higher than the estimated property value, suggesting a potential overvaluation that may deter prospective buyers.
Extended Market Time & Price Adjustment: Having been on the market for over three months with a recent price reduction, the property indicates challenges in attracting offers at its initial pricing strategy.
Age of Original Construction: Despite extensive renovations, the home's 1922 original build year may raise concerns regarding underlying infrastructure, potential for unforeseen maintenance, or compliance with modern building codes.

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