8410 Cavel Street, Downey, California 90242, Downey, 90242 - 4 bed, 2 bath
ACTIVE$950,000
8410 Cavel Street, Downey, California 90242
4Beds
2Baths
1,463Sqft
5,632Lot
Year Built
1950
Close
-
List price
$950K
Original List price
$990K
Price/Sqft
$649
HOA
-
Days on market
-
Sold On
-
MLS number
DW25084609
Home ConditionExcellent
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $950.0K(67th), sqft - 1463(52th), beds - 4(65th), baths - 2(50th).
Beautiful Recently Remodeled House in Central Downey, Newly Upgraded Kitchen and Bathrooms and New Plumbing , Cul- De- Sac Street , Close to Schools, Downey Landing and Downey Promenade Shopping Centers, Easy Freeway Access and more!
Price History
Date
Event
Price
04/10/95
Sold
$172,000
Condition Rating
Excellent
Despite being built in 1950, this property has undergone a 'Recently Remodeled' transformation, featuring 'Newly Upgraded Kitchen and Bathrooms' and 'New Plumbing.' These significant updates, particularly to critical areas like the kitchen, bathrooms, and plumbing system, bring the property's condition to a virtually new standard, meeting current quality expectations. The description implies a comprehensive renovation within the last 5 years, aligning with the 'Excellent' criteria for extensively renovated properties.
Pros & Cons
Pros
Recent Remodel & Upgrades: The property boasts a beautiful recent remodel, including newly upgraded kitchen and bathrooms, and new plumbing, offering modern aesthetics and reduced immediate maintenance for buyers.
Prime Central Location: Situated in Central Downey, the home offers excellent convenience with close proximity to schools, Downey Landing, Downey Promenade Shopping Centers, and easy freeway access.
Cul-de-Sac Street: Located on a quiet cul-de-sac street, providing a safer, more private, and less traffic-prone environment, which is highly desirable for families.
New Plumbing: The installation of new plumbing is a significant and costly upgrade that provides long-term value and peace of mind, mitigating a common concern in older homes.
Desirable Bedroom Count: With 4 bedrooms, the property offers ample space and flexibility for families, home offices, or guest accommodations, appealing to a broad buyer demographic.
Cons
Significant Overpricing: The current list price of $950,000 is substantially higher than the property's estimated value ($552,550) and the sold prices of most comparable properties, indicating potential overpricing relative to market expectations.
Older Construction (1950): Despite recent remodels, the 1950 build year suggests that other major systems (e.g., HVAC, electrical beyond plumbing, roof, foundation) may still be original or require significant updates not explicitly mentioned, potentially leading to future expenses.
Lack of Detailed Renovation Specifications: While 'recently remodeled' is stated, the description lacks specific details on the quality of finishes, brands of appliances, or other modern amenities that could fully justify the premium price, making it harder to assess the true value of the upgrades.