tomo logo

$949,000

Beds
3
Baths
2.0
sq ft
1,658

2791 Magnolia Ave, Long Beach, CA 90806

2791 Magnolia Ave

Long Beach, CA 90806

  • 56 days on market
    • Price drop $50,000↓
Your private corner retreat is ready and waiting for you! This home has it all! From the moment you enter the eco-friendly drought tolerant front yard you will be greeted with classic charm and modern conveniences! 2791 Magnolia is a beautifully updated, unique floor plan that is a wonderful mix of spacious and open with very defined rooms too. If you love natural sunlight, you will love the formal living room, complete with oversized windows and a cozy fireplace. The formal dining room with seating for 8-10 also features oversized windows that overlook the front and side gardens. The stunning chef’s kitchen features quartz counters, counter depth refrigerator, double oven, custom cabinetry with soft close doors, and a huge, oversized pantry. The kitchen opens to a wonderful family room with vaulted ceilings, a cozy fireplace and direct access to the very private backyard with brick patio, separate grassy area and multiple fruit trees- ideal for relaxing or entertaining. The Primary features original hardwood floors, a large custom closet with built-in organizers, ensuite bathroom features a walk-in shower and additional closet space. Additional upgrades include central heat and AC throughout, tankless water heater, all new electrical, 220 amp panel, all new wiring and new subpanel in the garage, an electric car charger and PAID for solar! The laundry is located in the main house. All appliances come with the home. The roof is approximately 7 years old. A new main gas line was installed in 2021. It’s just a short jaunt to local shops, restaurants, and Wrigley Coffee.

Details

Property type

Single Family Residence

Est. home value

$952,937

Property condition

Updated/Remodeled

Lot size

6,212 sq ft

Price per sq ft

$573

Year built

1941

HOA

No

Price History

10/28/2024
CRMLS

CRMLS #PW24185960

Price change
$949,000
-5.01%
10/24/2024
CRMLS

CRMLS #PW24185960

Removed
$999,000
09/24/2024
CRMLS

CRMLS #PW24185960

Price change
$999,000
-2.54%

Schools & Community

Neighborhood: 

Wrigley

Elementary school: 

Birney

Middle school: 

Washington

High school: 

Polytechnic

Community features: 

Curbs, Street Lights, Suburban, Sidewalks

High school district: 

Long Beach 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

$137,381
Asking price
$949,000
Closing costs (~8% of asking)
-$75,920
Est. remaining loan balance
-$735,699
Cash to seller
$137,381

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

Seller’s Loan History

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

October 2021

Original loan amount

$787,500

Est. remaining balance

$735,699

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Laurence Mcmahon Iii

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: 11/05/2024 at 4:10 PM

Listing updated: 10/28/2024 at 2:40 PM

Listed by: Susan Wyant, Keller Williams Pacific Estate Phone #: (562) 513-7800

MLS: CRMLS #PW24185960

CRMLS logo

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