861 Marconi Street, Montebello, California 90640, Montebello, 90640 - 3 bed, 3 bath
ACTIVE$1,390,000
861 Marconi Street, Montebello, California 90640
3Beds
3Baths
1,770Sqft
6,258Lot
Price Vs. Estimate
The estimated value ($665,365.17) is $724,634.83 (52%) lower than the list price ($1,390,000). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive High-End Renovations: The property boasts a 'new kitchen, new Marvin windows, moldings from top to bottom, new Marble flooring, and new walnut flooring in all three bedrooms,' indicating a comprehensive and luxurious upgrade with no expense spared.
Top Cons:
Significant Overpricing/Valuation Discrepancy: The listing price of $1.39M is substantially higher than the estimated value of approximately $665k and recent comparable sales in the $1.0M-$1.13M range, indicating a considerable pricing challenge.
Compared to the nearby listings
Price:$1.39M vs avg $850.0K (+$540,000)99%
Size:1,770 sqft vs avg 1,531 sqft70%
Price/sqft:$785 vs avg $54896%
More Insights
Built in 1962 (63 years old).
Condition: Despite being built in 1962, the property has undergone extensive, high-end renovations as described and evidenced by the images. The listing explicitly states 'new kitchen, new Marvin windows, moldings from top to bottom, new Marble flooring, new walnut flooring in all three bedrooms,' and that 'no cost was spared.' The kitchen features modern stainless steel double ovens, a sleek cooktop with a contemporary range hood, custom cabinetry, and high-quality tiled countertops and backsplash. The bathroom showcases extensive marble-look tiling, a decorative custom vanity, and a large, well-maintained shower. All visible components, including flooring and windows, appear virtually new and meet current quality standards, indicating a recent and comprehensive overhaul.
Year Built
1962
Close
-
List price
$1.39M
Original List price
$1.42M
Price/Sqft
$785
HOA
-
Days on market
-
Sold On
-
MLS number
MB24249523
Home ConditionExcellent
Features
Excellent View:
Patio
View
About this home
Gorgeous home in North Montebello. Details new kitchen, new Marvin windows, moldings from top to bottom. Includes new Marble flooring. New walnut flooring in all three bedrooms, all done in exquisite style. Features new driveway, pathway around the house. More features to highlight, which you will have to see for yourself. No cost was spared in this luxurious home. Fantastic view of downtown skyline.
Nearby schools
5/10
Wilcox Elementary School
Public,•K-5•0.6mi
3/10
La Merced Elementary School
Public,•K-5•1.2mi
3/10
La Merced Intermediate School
Public,•6-8•1.2mi
4/10
Eastmont Intermediate School
Public,•6-8•1.6mi
5/10
Schurr High School
Public,•9-12•0.6mi
3/10
Montebello High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
02/18/22
Sold
$125,000
03/27/07
Sold
$590,000
Condition Rating
Excellent
Despite being built in 1962, the property has undergone extensive, high-end renovations as described and evidenced by the images. The listing explicitly states 'new kitchen, new Marvin windows, moldings from top to bottom, new Marble flooring, new walnut flooring in all three bedrooms,' and that 'no cost was spared.' The kitchen features modern stainless steel double ovens, a sleek cooktop with a contemporary range hood, custom cabinetry, and high-quality tiled countertops and backsplash. The bathroom showcases extensive marble-look tiling, a decorative custom vanity, and a large, well-maintained shower. All visible components, including flooring and windows, appear virtually new and meet current quality standards, indicating a recent and comprehensive overhaul.
Pros & Cons
Pros
Extensive High-End Renovations: The property boasts a 'new kitchen, new Marvin windows, moldings from top to bottom, new Marble flooring, and new walnut flooring in all three bedrooms,' indicating a comprehensive and luxurious upgrade with no expense spared.
Panoramic Downtown Skyline View: A 'fantastic view of downtown skyline' is a significant premium feature, enhancing the property's appeal and potential value.
Desirable North Montebello Location: Situated in 'North Montebello,' which is generally considered a desirable area, contributing to its market attractiveness.
Updated Exterior Curb Appeal: The inclusion of a 'new driveway' and 'pathway around the house' suggests attention to exterior aesthetics and functionality, improving curb appeal.
Modernized Interior Aesthetics: The combination of new flooring (marble and walnut) and moldings creates a cohesive, exquisite, and modern interior style throughout the home.
Cons
Significant Overpricing/Valuation Discrepancy: The listing price of $1.39M is substantially higher than the estimated value of approximately $665k and recent comparable sales in the $1.0M-$1.13M range, indicating a considerable pricing challenge.
Age of Original Structure: Despite extensive renovations, the home was originally built in 1962, meaning the underlying infrastructure is over 60 years old, which could lead to concerns about systems not explicitly mentioned as upgraded (e.g., plumbing, electrical beyond cosmetic updates).
Limited Mention of Key Amenities: The description focuses heavily on cosmetic upgrades but lacks mention of desirable amenities such as central air conditioning, a pool, or specific outdoor living features, which might be expected by buyers at this price point.