5643 Panorama Drive, Whittier, California 90601, Whittier, 90601 - 2 bed, 2 bath
ACTIVE$1,125,000
5643 Panorama Drive, Whittier, California 90601
2Beds
2Baths
1,575Sqft
6,462Lot
Year Built
1941
Close
-
List price
$1.13M
Original List price
$1.13M
Price/Sqft
$714
HOA
-
Days on market
-
Sold On
-
MLS number
SW25038859
Home ConditionPoor
Features
Excellent View: City Lights, Neighborhood, Panoramic
Patio
ViewCity Lights,Neighborhood,Panoramic
About this home
Possibly Over-Priced:The estimated price is 46% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.12M(81th), sqft - 1575(40th), beds - 2(19th), baths - 2(50th).
Listing will be relisted.
Price History
Date
Event
Price
09/29/06
Sold
$600,000
Condition Rating
Poor
Built in 1941, this property shows significant age and a lack of major renovations. The kitchen features very outdated white appliances, old wood cabinets, laminate/tile countertops, and fluorescent lighting. Both bathrooms are similarly dated with old vanities, fixtures, and tile. While the property appears maintained and structurally sound, the interior, particularly the kitchen and bathrooms, requires substantial rehabilitation and modernization to meet current standards and buyer expectations, making it uncomfortable for many in its current state.
Pros & Cons
Pros
Panoramic Views: The property boasts desirable panoramic views, including city lights and neighborhood vistas, which significantly enhance its appeal and potential value.
Desirable Location: Situated on 'Panorama Drive' in Whittier, the address itself suggests an elevated and sought-after location within a well-regarded community.
Generous Lot Size: With a lot size of 6,462 sqft, the property offers ample outdoor space for landscaping, entertaining, or potential expansion.
Comfortable Interior Space: The 1,575 sqft living area for a 2-bedroom, 2-bathroom home provides comfortable and spacious living arrangements.
Potential for Customization: Given its 1941 build year and lack of detailed description, the property presents an excellent opportunity for buyers to customize and add significant value through renovations.
Cons
Significant Price Discrepancy: The listing price of $1,125,000 is substantially higher than the estimated value of $605,176.525, indicating a potential overpricing issue that may deter buyers and complicate financing.
Lack of Property Details: The description 'Listing will be relisted' provides no specific information about the property's condition, recent upgrades, or unique selling points, making it difficult to market effectively.
Age and Potential for Updates: Built in 1941, the property's age suggests that it may require significant updates to systems, finishes, and overall modernization, which could lead to considerable additional costs for a buyer.