tomo logo

$720,000

Beds
4
Baths
2.0
sq ft
1,065

16645 E Greenhaven St, Covina, CA 91722

16645 E Greenhaven St

Covina, CA 91722

  • 37 days on market
This property offers an ideal opportunity for both first-time buyers and seasoned investors. Home has been remodeled just needs the kitchen cabinets and appliances to be purchased and installed. Price reflects work still needed. Featuring three spacious bedrooms and a full bathroom, the main residence serves as a comfortable living space. Additionally, the property includes an enclosed patio, approximately 200 square feet in size, that has been converted into an extra bedroom and bathroom, though it should be noted that this conversion was completed without a permit. Further enhancing the appeal of this property is a separate structure located behind the two-car detached garage. This building, also unpermitted, encompasses approximately 300 square feet and includes one bedroom and one bathroom, providing additional living space or potential rental income. For those interested in maximizing the property's investment potential, the main house can be occupied while renting out the additional units, yielding an estimated total rental income. Moreover, this property is equipped with leased solar panels, which contribute to reduced electricity bills, making it a more energy-efficient option. The residence has been updated with remodeled double-pane windows, ensuring enhanced insulation and energy efficiency. The backyard is adorned with a variety of mature fruit trees, offering a delightful outdoor space for relaxation and enjoyment. Conveniently located, this property provides easy access to local parks, schools, and shopping centers, making it an ideal choice for families and individuals alike. Additionally, the proximity to major freeways allows for effortless commuting. This property is a must-see to fully appreciate its potential and the numerous benefits it offers. Don’t miss out on this outstanding opportunity!

Details

Property type

Single Family Residence

Est. home value

$716,684

Lot size

6,171 sq ft

Price per sq ft

$677

Year built

1955

HOA

No

Price History

12/26/2024
CRMLS

CRMLS #BB24234827

Listed
$720,000
12/06/2024
CRMLS

CRMLS #BB24234827

Pending
$720,000
11/20/2024
CRMLS

CRMLS #BB24234827

Listed
$720,000
+22.03%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Park

High school district: 

Azusa Unified

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

$197,168
Asking price
$720,000
Closing costs (~8% of asking)
-$57,600
Est. remaining loan balance
-$465,232
Cash to seller
$197,168

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

August 2021

Original loan amount

$501,500

Est. remaining balance

$465,232

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Juan C Alba

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?

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Status: Active

Tomo last checked: 12/27/2024 at 12:50 AM

Listing updated: 12/26/2024 at 9:49 AM

Listed by: Alin Glogovicean, Redfin Corporation Phone #: (877) 973-3346

MLS: CRMLS #BB24234827

CRMLS logo

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