523 E Covina Boulevard, Covina, California 91722, Covina, 91722 - 3 bed, 2 bath
ACTIVE$650,000
523 E Covina Boulevard, Covina, California 91722
3Beds
2Baths
1,233Sqft
7,327Lot
Year Built
1955
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$527
HOA
-
Days on market
-
Sold On
-
MLS number
PW25174340
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $650.0K(7th), sqft - 1233(31th), beds - 3(50th), baths - 2(50th).
3 bedrooms and 2 baths in a 7,519 sq feet lot. This is a short sale and is priced to sell. Solar will be included in the sale, buyer to assume balance.
Price History
Date
Event
Price
08/05/25
$650,000
Condition Rating
Poor
Built in 1955, this property shows significant signs of age and deferred maintenance. The visible bathroom is extremely dated with old fixtures, worn tiles, and an outdated light fixture, requiring a complete renovation. While the kitchen is not fully visible, glimpses suggest it is also very old and likely needs substantial updates. Popcorn ceilings are present throughout, and the hardwood floors, though a positive feature, likely need refinishing. The overall condition indicates a need for substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' classification.
Pros & Cons
Pros
Solar Energy System: The inclusion of a solar energy system provides significant energy efficiency and potential for reduced utility expenses.
Generous Lot Size: A substantial 7,519 sq ft lot offers ample outdoor space for recreation, gardening, or potential future expansion.
Strong Value Proposition: Listed at $650,000, which is notably below its estimated market value of $702,219.675, presenting an attractive investment opportunity.
Desirable School District: Located within the highly-regarded Covina Valley Unified School District, a key draw for families.
Practical Floor Plan: The 3-bedroom, 2-bathroom layout across 1233 sqft offers a functional and versatile living space.
Cons
Complex Short Sale Process: Being a short sale, the transaction is likely to be more protracted, involve multiple parties, and carry a higher degree of uncertainty.
Solar Lease Assumption: The buyer must assume the existing balance of the solar system, adding an ongoing financial commitment to the purchase.
Property Age: Built in 1955, the home may necessitate substantial updates to its systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet modern standards.