tomo logo

$550,000

Beds
3
Baths
2.0
sq ft
1,548

1346 W School St, Compton, CA 90220

1346 W School St

Compton, CA 90220

  • 2 days on market
This spacious property presents a fantastic opportunity for those ready to create their dream home or invest in a promising project. Permits and plans already approved with the city of Compton to convert this property into a 4 bedroom 2 bath home with 1,848 square feet. This property is currently 3 bedrooms 2 baths with 1,548 square feet. The interior features exposed framing and natural light pouring through well-placed windows. This home has the framework for a stunning transformation with room to reimagine every space. The exterior offers a sizable lot with a private yard, perfect for creating your outdoor oasis or expanding your living area. Property has a new fence in front and backyard. Plumbing and electrical work has partially been completed. Whether you're a seasoned renovator or a first-time homebuyer looking for a canvas to personalize, this property provides the ideal foundation for your vision. Don't let this diamond-in-the-rough pass you byschedule your showing today and unlock the full potential of this fantastic opportunity!

Details

Property type

Single Family Residence

Est. home value

$620,528

Lot size

5,109 sq ft

Price per sq ft

$356

Year built

1950

HOA

No

Price History

12/19/2024
CLAW

CLAW #24473655

Listed
$550,000
+29.41%
07/27/2022
CLAW

CLAW #21786396

Sold
$425,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$198,847
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$307,153
Cash to seller
$198,847

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Greenbox Loans Inc

Loan start date

July 2022

Original loan amount

$318,750

Est. remaining balance

$307,153

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

The Wealthy Club Of Los Angeles Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/21/2024 at 12:00 AM

Listing updated: 12/20/2024 at 1:15 PM

Listed by: Raul Herrera, eXp Realty of California Inc Phone #: (888) 584-9427

MLS: CLAW #24473655

CLAW logo

Recently listed in Compton

$550,000|3 bd|2.0 ba|House
$730,000|3 bd|2.0 ba|House
$670,000|3 bd|1.5 ba|House
$747,000|4 bd|2.0 ba|House
$595,000|3 bd|1.5 ba|House
$445,000|2 bd|1.0 ba|House
$849,000|3 bd|2.5 ba|House
$590,000|2 bd|2.0 ba|House