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551 W Walnut Avenue, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 2 bath

551 W Walnut Avenue, Monrovia, California 91016 home-pic-0
ACTIVE$899,000
551 W Walnut Avenue, Monrovia, California 91016
3Beds
2Baths
1,104Sqft
5,208Lot
Year Built
1926
Close
-
List price
$899K
Original List price
$950K
Price/Sqft
$814
HOA
-
Days on market
-
Sold On
-
MLS number
SR25075387
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,5 Pros. Rank: price - $899.0K(34th), sqft - 1104(21th), beds - 3(50th), baths - 2(50th).

Charming home in beautiful area with mountain views. Original hardwood floors in great condition. Kitchen has been upgraded with new floors, refinished cabinets and new counter tops. Living room has fireplace with beautiful tiles of Ernest A. Batchelder. Two original bedrooms and a Master bedroom addition with master bath attached. Master has a walk in closet with bookshelf barn door. Back yard has an above ground resistance swim pool/spa, Tuff Shed with finished walls and electricity and another small storage shed. RV parking in side yard. Back yard also has large shade and fruit trees. Attic has dropdown ladder and can be used for storage. Seller is related to Selling agent.

Condition Rating
Good
This 1926 home is move-in ready with significant recent updates to key areas. The kitchen has been upgraded with new floors, refinished cabinets, new countertops, and modern stainless steel appliances. The master bedroom is an addition with an attached, modern master bath featuring double sinks and a tiled shower. The original hardwood floors are in great condition, and the second bathroom also appears updated. While the property's age and the lack of explicit mention of central HVAC prevent an 'Excellent' rating, the substantial renovations to the kitchen and bathrooms, combined with overall good maintenance, qualify it as 'Good'.
Pros & Cons

Pros

Historic Charm & Upgraded Interiors: The home retains its original charm with well-maintained hardwood floors and a unique Ernest A. Batchelder tiled fireplace, complemented by a recently upgraded kitchen featuring new floors, refinished cabinets, and new countertops.
Desirable Location & Mountain Views: Situated in a beautiful area of Monrovia, the property offers appealing mountain views, enhancing its curb appeal and living experience.
Enhanced Master Suite: The property benefits from a master bedroom addition that includes an attached master bath and a walk-in closet with a distinctive bookshelf barn door, providing a private and functional retreat.
Versatile Outdoor Amenities: The backyard is well-equipped with an above-ground resistance swim pool/spa, a Tuff Shed with finished walls and electricity, an additional storage shed, and mature shade and fruit trees, offering diverse recreational and utility options.
Practical Utility & Storage: The property offers practical features such as RV parking in the side yard and an attic with a dropdown ladder for additional storage, catering to various homeowner needs.

Cons

Potential for Older Systems: Built in 1926, the property's age suggests that some core systems (e.g., plumbing, electrical) may be original or require updates not explicitly mentioned, potentially leading to future maintenance costs.
Absence of Central HVAC: The description does not indicate the presence of central air conditioning or heating, which could be a significant comfort and value consideration for buyers in the California climate.
Above-Ground Pool Preference: While an amenity, the above-ground resistance swim pool/spa may not appeal to all buyers as much as a traditional in-ground pool, potentially limiting its perceived value or aesthetic integration.

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