7917 Gainford Street, Downey, California 90240, Downey, 90240 - 4 bed, 5 bath

7917 Gainford Street, Downey, California 90240 home-pic-0
ACTIVE$2,379,000
7917 Gainford Street, Downey, California 90240
4Beds
5Baths
4,674Sqft
12,562Lot
Year Built
2005
Close
-
List price
$2.38M
Original List price
$2.38M
Price/Sqft
$509
HOA
-
Days on market
-
Sold On
-
MLS number
RS25062748
Home ConditionGood
Features
Good View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.38M(97th), sqft - 4674(92th), beds - 4(53th), baths - 5(92th).

Huge Price Reduction! Seller Now Ready To Move. First time on the market, original owner, was on Hold but not Active. Welcome to your luxurious estate in the heart of Downey! Step into elegance and comfort with this exquisite 4-bedroom, 5-bathroom residence boasting 4,674 living square feet. Grand entrance with 15 foot high columns made of real stone. Den and Formal Dining Room can be converted into 5th and 6th bedroom, owner willing to help. Developer Owner built this for him and his wife, second floor has not been used. As you enter, be greeted by the spacious living area adorned with tasteful finishes and abundant natural light with 10 foot high ceilings. The gourmet kitchen, a chef's delight, has granite countertops, and custom cabinetry, perfect for culinary endeavors and entertaining guests. Retreat to the master suite, a sanctuary of relaxation, featuring roman columns and a lavish ensuite bathroom. Three additional bedrooms offer versatility and comfort for family members or guests, each meticulously designed for tranquility and style. Home features 2 fireplaces made of real marble stones, 8 foot solid doors throughout and closets as big as a bedroom. Huge second floor balcony measures 15x13 and has breathtaking views. Outside, discover your private paradise—an enticing swimming pool perfect for refreshing dips on warm summer days, while the meticulously landscaped grounds provide the ideal setting for outdoor gatherings and twilight dining. Cul de sac consist of 4 homes built by the same Developer Owner in 2005, completely changing the landscape and design in the North Downey area. With its impeccable craftsmanship, premium amenities, and prime location in Downey, this home epitomizes luxury living at its finest.

Condition Rating
Good

Built in 2005, this property falls within the 10-20 year age range for a 'Good' score. The home features high-quality, custom-built elements for its era, such as granite countertops, custom dark wood cabinetry in the kitchen, and lavish, albeit traditional, bathrooms with decorative tiling and ornate fixtures. While well-maintained and move-in ready, the aesthetic style of the kitchen, bathrooms, and light fixtures is distinctly early 2000s and not 'new or virtually new' by current design standards. There's no evidence of extensive recent renovations (within the last 5 years) that would elevate it to an 'Excellent' rating, but all major systems appear functional and in good condition.
Pros & Cons

Pros

Custom-Built Luxury: This property is a developer-owner custom build from 2005, featuring impeccable craftsmanship, premium amenities, 15-foot real stone columns, real marble fireplaces, and 8-foot solid doors throughout.
Expansive & Versatile Living Space: Boasting 4,674 sqft with 4 bedrooms and 5 bathrooms, the residence offers a spacious layout with 10-foot high ceilings and the potential to convert the den and formal dining room into 5th and 6th bedrooms.
Gourmet Kitchen & Lavish Master Suite: The gourmet kitchen is a chef's delight with granite countertops and custom cabinetry, complemented by a master suite featuring Roman columns and a lavish ensuite bathroom.
Private Outdoor Oasis: The exterior features a private swimming pool, meticulously landscaped grounds, and a desirable cul-de-sac location shared by only four custom-built homes.
Breathtaking Views & Balcony: A huge 15x13 foot second-floor balcony offers breathtaking views, enhancing the property's appeal and providing an ideal space for relaxation.

Cons

Significant Price Discrepancy: The current listing price is 16% above the estimated property value, indicating a potential overpricing relative to market comparables and possibly impacting marketability.
Lack of Cooling System Mention: The property description does not mention the presence of an air conditioning or cooling system, which is a significant omission for a luxury home in California's climate.
Unused Second Floor: The second floor 'has not been used' by the original owners, which could suggest a lack of recent updates or a less integrated feel, potentially requiring buyer investment to fully utilize or modernize.

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