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8531 10th Street, Downey, California 90241, Downey, 90241 - 5 bed, 6 bath

8531 10th Street, Downey, California 90241 home-pic-0
ACTIVE$2,288,888
8531 10th Street, Downey, California 90241
5Beds
6Baths
4,682Sqft
8,009Lot
Year Built
2003
Close
-
List price
$2.29M
Original List price
$2.5M
Price/Sqft
$489
HOA
-
Days on market
-
Sold On
-
MLS number
TR24214136
Home ConditionGood
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 18% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.29M(98th), sqft - 4682(98th), beds - 5(98th), baths - 6(98th).

Luxury Living at an Extraordinary Value - Welcome to 8531 10th St., a stunning Mediterranean-style estate in one of Downey’s most desirable neighborhoods. This custom-built residence offers 5 spacious en-suite bedrooms, 6 bathrooms, a dedicated private office, and over 4,680 sq. ft. of elegant living space. Step into a thoughtfully designed floor plan with timeless finishes, soaring ceilings, and natural light throughout. The entertainer’s backyard features a sparkling pool and lush landscaping, creating a private oasis perfect for relaxation or hosting. This is your opportunity to own luxury, space, and style at unmatched value. Don’t wait—schedule your private showing today!

Nearby schools

8/10
Gallatin Elementary School
Public,•K-5•0.6mi
7/10
Rio San Gabriel Elementary School
Public,•K-5•0.8mi
7/10
Price Elementary School
Public,•K-5•0.9mi
5/10
Rio Hondo Elementary School
Public,•K-5•1.0mi
6/10
Lakeview Elementary School
Public,•K-5•1.9mi
7/10
Studebaker Elementary School
Public,•K-5•2.0mi
6/10
Doty Middle School
Public,•6-8•0.7mi
7/10
Griffiths Middle School
Public,•6-8•0.8mi
7/10
Lakeside Middle School
Public,•6-8•1.9mi
5/10
Sussman Middle School
Public,•6-8•2.2mi
7/10
Lake Center Middle
Public,•6-8•2.4mi
7/10
Downey High School
Public,•9-12•0.8mi
7/10
Warren High School
Public,•9-12•1.4mi
8/10
Santa Fe High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
03/15/06
Sold
$1,620,000
08/21/03
Sold
$1,050,000
06/17/02
Sold
$266,000
Condition Rating
Good
Built in 2003, this property is 21 years old and appears to be exceptionally well-maintained. The images showcase high-quality, 'timeless finishes' throughout, including dark wood cabinetry, granite countertops, and stainless steel appliances in the kitchen, and similar quality materials in the bathrooms. While the aesthetic style of these areas reflects the early 2000s and is not ultra-modern, all components appear functional, clean, and in excellent condition with minimal wear and tear. The property is move-in ready with no immediate renovations required, aligning with the 'Good' score criteria for well-maintained systems and overall quality, despite being just outside the 10-20 year build window.
Pros & Cons

Pros

Expansive & Well-Appointed Interior: The residence boasts 5 spacious en-suite bedrooms, 6 bathrooms, a dedicated private office, and over 4,680 sq. ft. of elegant living space, providing ample room and luxury.
Desirable Neighborhood: Situated in one of Downey’s most sought-after neighborhoods (D1 - Northeast Downey), enhancing its appeal and potential for appreciation.
Modern Mediterranean Architecture: Custom-built in 2003, this Mediterranean-style estate features a thoughtfully designed floor plan, timeless finishes, soaring ceilings, and abundant natural light.
Private Resort-Style Backyard: The entertainer’s backyard includes a sparkling pool and lush landscaping, creating a private oasis ideal for relaxation and hosting.
High Bathroom Count: With 6 bathrooms for 5 bedrooms, including en-suites, the property offers exceptional convenience, privacy, and luxury for all occupants and guests.

Cons

Significant Overpricing: The current listing price is 18% above the estimated property value, indicating it may be significantly overpriced compared to market expectations.
Lack of Scenic Views: The property explicitly states 'view:None,' which could be a disadvantage for a luxury home in this price range, especially if comparable properties offer desirable views.
Recent Price Reduction: A reduction from an original list price of $2.499M to $2.288M suggests initial overestimation of value or slower market interest, potentially signaling a need for further price adjustments.

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