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5154 Meadow Wood Avenue, Lakewood, California 90712, Lakewood, 90712 - 3 bed, 2 bath

5154 Meadow Wood Avenue, Lakewood, California 90712 home-pic-0
ACTIVE$964,999
5154 Meadow Wood Avenue, Lakewood, California 90712
3Beds
2Baths
1,604Sqft
4,703Lot
Year Built
1970
Close
-
List price
$965K
Original List price
$980K
Price/Sqft
$602
HOA
-
Days on market
-
Sold On
-
MLS number
PW25045769
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Neighborhood
Patio
ViewPark/Greenbelt, Neighborhood

About this home

Possibly Over-Priced:The estimated price is 43% below the list price. We found 3 Cons,5 Pros. Rank: price - $965.0K(72th), sqft - 1604(65th), beds - 3(50th), baths - 2(50th).

PRICE IMPROVEMEANT!!! Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located in the highly desirable Cherry Cove neighborhood.This home offers a spacious and functional layout prefect for comfortable living. A cozy fireplace, spacious dining room, living room and family room that seamlessly connects to a beautifully remodeled Kitchen with generous counter space. 3- car garage with new fire rated door has plenty of room for vehicles and storage. New vinyl flooring and baseboards throughout the home, with elegant crown molding in the Livingroom and kitchen. Master bathroom completely remodeled, and guest bathroom as well. Private backyard featuring a spacious covered patio, and a bounty of mature fruit trees- Orange, Lemon, Jujube, and calamansi. Perfect for entertaining and relaxing year round. Wonderful park right across the street is perfect for hosting events and outdoor fun. Don't miss out on this fantastic opportunity to own a home in one of Lakewood's most desirable neighborhoods.

Nearby schools

3/10
Captain Raymond Collins School
Public,•K-5•1.5mi
7/10
Twain Elementary School
Public,•K-5•1.9mi
6/10
Hoover Middle School
Public,•6-8•1.1mi
7/10
Bancroft Middle School
Public,•6-8•2.1mi
4/10
Leona Jackson School
Public,•4-8•2.5mi
/10
Buena Vista High School
Public,•9-12•1.0mi
5/10
Lakewood High School
Public,•9-12•2.5mi
5/10
Paramount High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
09/08/23
Sold
$880,000
06/19/07
Sold
$560,000
06/28/96
Sold
$197,000
Condition Rating
Excellent
Despite being built in 1970, this property has undergone extensive and recent renovations, particularly in key areas. The description highlights a 'beautifully remodeled Kitchen' and 'completely remodeled' master and guest bathrooms, along with 'new vinyl flooring and baseboards throughout the home' and 'elegant crown molding.' The images confirm a modern, high-quality kitchen with white shaker cabinets, contemporary countertops, and stainless steel appliances. The flooring also appears new and stylish. These updates align with the 'extensively renovated within 5 years' and 'all components are new or virtually new, meeting current quality standards' criteria for an excellent score. While the property analysis notes a 'Lack of Central Air Conditioning' as a weakness, this is a feature deficiency rather than a condition issue of existing systems, and the overall condition of the renovated spaces is outstanding.
Pros & Cons

Pros

Desirable Neighborhood & Park Access: Located in the highly desirable Cherry Cove neighborhood with a wonderful park directly across the street, offering excellent recreational opportunities and enhancing curb appeal.
Extensive Interior Remodeling: Features a beautifully remodeled kitchen, completely remodeled master and guest bathrooms, new vinyl flooring, baseboards throughout, and elegant crown molding in key living areas, indicating significant recent investment.
Spacious & Functional Layout: The home offers a spacious and functional layout, including a cozy fireplace, separate dining room, living room, and family room, providing ample space for comfortable living and entertaining.
Enhanced Outdoor Living: A private backyard with a spacious covered patio and a variety of mature fruit trees (Orange, Lemon, Jujube, Calamansi) creates an ideal setting for year-round entertaining and relaxation.
Generous Garage Space: Equipped with a 3-car garage and a new fire-rated door, providing abundant space for vehicles, storage, or potential workshop use.

Cons

Significant Valuation Discrepancy: The current list price of $964,999 is substantially higher than the property's estimated value of $549,647.87, and also exceeds most recent comparable sales, suggesting potential overpricing relative to market expectations.
Lack of Central Air Conditioning: The property description does not mention central air conditioning, which is a highly sought-after amenity in the California climate and is present in some comparable properties, potentially impacting buyer interest.
Age of Core Systems: While interior updates are noted, the 1970 build year implies that major systems (e.g., plumbing, electrical, roof beyond the garage door) may be original or older, potentially requiring future maintenance or upgrades not explicitly addressed in the description.

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