Just Sold in West Covina: $118,000 Over Asking on a 1952 Three-Bedroom

The property

601 N Morris Avenue is a 1952 three-bedroom, one-bath on a tree-lined street in West Covina. 1,340 square feet on a 7,269-square-foot lot.

One bathroom. That is the number most listing presentations would have apologized for.

What it actually had

Dual driveways and four parking spaces, two in the garage and two under carport. A deep backyard with established fruit trees. And a large detached garage split into two sections, which in this neighborhood is the difference between a garage and a workshop, a studio, or a conversion project down the line.

That is what the marketing led with. Buyers in West Covina at this price are not shopping for a finished house. They are shopping for a lot they can grow into.

The numbers

Listed April 14, 2025 at $699,000. In escrow within ten days. Closed May 29, 2025 at $817,000, or $610 per square foot.

That is $118,000 over asking. Just under 17 percent.

What that actually means

A house that lists at $699,000 and closes at $817,000 did not sell because it was flawless. It sold because the price brought more qualified buyers to the table in the first ten days than the house could absorb, and they competed.

That outcome is not available to every property. It depends on the lot being genuinely worth more than the structure sitting on it, and on enough buyers reaching that conclusion in the same week. When those conditions are not there, pricing low is just leaving money on the table.

Thinking about selling in West Covina?

I will tell you honestly whether your house is a candidate for this, or whether you are better off pricing at value and negotiating from there. Both are legitimate strategies. Picking the wrong one is expensive.

Ethan Hauptli | Craft & Bauer, Real Broker | DRE #02191280