tomo logo

$1,600,000

Beds
3
Baths
2.0
sq ft
1,681

297 Nieto Ave, Long Beach, CA 90803

297 Nieto Ave

Long Beach, CA 90803

  • 295 days on market
Calling ALL INVESTORS!! A RARE GEM IN THE ESTATE SECTION OF BELMONT HEIGHTS. This is your chance to purchase a shovel ready SFR + 3 Approved ADU Units. Project is ready to build with plans in hand. Owner backfilled pool & had compaction done, slab ready to pour & start building. With all of the local churches, schools, shops & restaurants in Belmont Shore, Parks & Golf Courses, the Marina, and the New Colorado Lagoon Project at Marine Stadium. This home is within walking distance of all of the action. The home currently features 2 bedrooms and 2 bathrooms. Originally it was a 3 bedroom, 1 bath home. In addition, there is a large family room/den off of the kitchen, giving you a wonderful amount of living space, lots of extra light coming in through the floor to ceiling windows.

Details

Property type

Single Family Residence

Est. home value

$1,598,371

Lot size

5,931 sq ft

Price per sq ft

$952

Year built

1946

Price History

09/08/2023
CRMLS

CRMLS #RS23166551

Listed
$1,600,000
+19.97%
08/01/2022
CRMLS

CRMLS #PW22121489

Sold
$1,333,700

Schools & Community

Neighborhood: 

Belmont Heights

Elementary school: 

Lowell

Middle school: 

Will Rogers

High school: 

Wilson

Community features: 

Curbs, Fishing, Lake, Park, 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

$564,262
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$907,738
Cash to seller
$564,262

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

Seller’s Loan History

Lender

United American Mortgage Corp

Loan start date

July 2022

Original loan amount

$933,590

Est. remaining balance

$907,738

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Joel Barnett and Amy Barnett

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: 06/29/2024 at 5:45 AM

Listing updated: 03/03/2024 at 2:22 PM

Listed by: David Goodwin, Fiv Realty Co Phone #: (951) 394-0820

MLS: CRMLS #RS23166551

CRMLS logo

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