tomo logo

$1,650,000

Beds
4
Baths
2.0
sq ft
1,790

22428 Ellinwood Dr, Torrance, CA 90505

22428 Ellinwood Dr

Torrance, CA 90505

  • 22 days on market
Very desirable location in South Torrance. Close to Everything! Corner lot with pool and lots of extra parking. A lockable vinyl gate secures this corner lot which also boasts a pool and lots of extra parking. Floorplan includes 2 bedrooms on the main floor and 2 more bedrooms upstairs. Be sure to check out the super large storage room on the 2nd floor at top of stairs. ADU opportunities/possibilities?! This house truly has unit all. And the neighborhood qualifies for the old saying: LOCATION! LOCATION! LOCATION!

Details

Property type

Single Family Residence

Est. home value

$1,426,884

Lot size

5,833 sq ft

Price per sq ft

$922

Year built

1951

HOA

No

Price History

10/31/2024
CRMLS

CRMLS #SB24217153

Listed
$1,650,000
10/09/2024
CRMLS

CRMLS #SB24143284

Removed
$1,650,000
08/09/2024
CRMLS

CRMLS #SB24143284

Price change
$1,650,000
-5.71%

Schools & Community

Neighborhood: 

Seaside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Park

High school district: 

Torrance 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

$447,353
Asking price
$1,650,000
Closing costs (~8% of asking)
-$132,000
Est. remaining loan balance
-$1,070,647
Cash to seller
$447,353

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

June 2023

Original loan amount

$1,087,500

Est. remaining balance

$1,070,647

Interest rate

6.35%

Loan type

New Conventional, 30 year

Seller

Prathima Narasimha Murthy

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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Price drop
CRMLS
$1,650,000
4 bd
|
1.5 ba
|
1,622 sq ft
|
House

1021 Camino Real, Redondo Beach, CA 90277

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CRMLS
$1,425,000
4 bd
|
2 ba
|
2,318 sq ft
|
House

22748 Samuel St, Torrance, CA 90505

Status: Active

Tomo last checked: 11/22/2024 at 1:15 AM

Listing updated: 11/17/2024 at 5:10 PM

Listed by: Boyd E. Jeffery, Boyd The Broker Real Estate Phone #: (310) 521-2902

MLS: CRMLS #SB24217153

CRMLS logo

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