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$1,480,000

Beds
3
Baths
2.0
sq ft
1,245

3008 Karen Ave, Long Beach, CA 90808

3008 Karen Ave

Long Beach, CA 90808

  • 46 days on market
    • Price drop $19,000↓
Welcome to 3008 Karen, an incredible example of true Cliff May Rancho living at its finest. In true Cliff May style, you're greeted by a custom wood privacy wall and low maintenance landscaping paired evenly with the detached two car garage. Once you make your way inside, it's hard not to admire the newly constructed, custom heated pool and thoughtfully designed sitting deck which surrounds the in ground gas powered fire pit. After you've had a moment to take in those first few steps, you'll make your way into the second yard space that's perfectly sheltered behind your two car garage with permitted ADU plans already in hand. Walking into the main living space, it's hard to not let your eye follow the handcrafted meticulous birch cabinetry and soft flowing finishes that exude sophistication and simplicity. With the original living room's mistlite glass panels still intact, three well placed skylights and every fixture tailored to the home's original era, even the faintest of mid-century enthusiasts can appreciate the feeling that this home brings. While following the polished concrete flooring into each room, you'll be sure to notice the skylights in both bathrooms which make the actual mid century lighting an option and not a necessity. The primary en suite has not only been recently reimagined, but also carries the home's pallet seamlessly as well. With every Rancho comes the question of storage and in this case the 120 square foot, recently built storage shed lightens the load that neighbors in this community know all too well. With a newly replaced furnace, central AC, a water softener and additional water filtration system and every inch of this home meticulously maintained, you can easily tell that the owners of 3008 Karen have been conscious and loving stewards of such a special Cliff May Rancho.

Details

Property type

Single Family Residence

Est. home value

$1,431,467

Property condition

Updated/Remodeled

Lot size

5,378 sq ft

Price per sq ft

$1,189

Year built

1954

Price History

08/29/2024
CRMLS

CRMLS #PW24156567

Price change
$1,480,000
-1.27%
08/01/2024
CRMLS

CRMLS #PW24156567

Listed
$1,499,000
+7.07%
01/14/2022
CRMLS

CRMLS #PW21255762

Sold
$1,400,000

Schools & Community

Neighborhood: 

Rancho Estates

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

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

$702,285
Asking price
$1,480,000
Closing costs (~8% of asking)
-$118,400
Est. remaining loan balance
-$659,315
Cash to seller
$702,285

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

December 2021

Original loan amount

$700,000

Est. remaining balance

$659,315

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Tony Shin and Jennie Shin

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: 09/16/2024 at 12:05 PM

Listing updated: 08/29/2024 at 2:14 PM

Listed by: Ben Fisher, California Real Estate Company Phone #: (714) 376-0782

MLS: CRMLS #PW24156567

CRMLS logo

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