tomo logo

$749,000

Beds
2
Baths
1.0
sq ft
708

3032 Cogswell Rd, El Monte, CA 91732

3032 Cogswell Rd

El Monte, CA 91732

  • 108 days on market
Two bedrooms, one bath, this property has approved plans, permits for two additional units. $100,000 has been put into it to get ready to build. An excellent opportunity for investors or owner occupants awaits! This property has in addition to the existing house has approved plans(plans are available for review to qualified, interested parties), permits , and preliminary construction work done for two additional units and a garage. This could be your dream property and start or advance your real estate portfolio. Projected building costs for the 2 additional units and the garage are approximately $400,000. The current house is quite functional. The architect tells us this is a a R-3 zoned property. Up to 3 units on this lot. An ADU, and a Junior ADU. Buyer to check with current city policies. Confirm all with City for up to date info The projected improvements are as follows: 1. Unit 1, 749 square feet with a 101 square foot porch, 2 bedrooms and 1 bath. 2. Unit 2, two stories, 549 square feet on the ground floor and 418 square feet on the second floor. 3. Oversized 2 car garage with 439 square feet. This still leaves room for 4 or 5 additional car parking outside of the new garage.

Details

Property type

Single Family Residence

Est. home value

$625,645

Lot size

7,812 sq ft

Price per sq ft

$1,058

Year built

1942

Price History

08/24/2024
CRMLS

CRMLS #PW24112238

Listed
$749,000
07/05/2024
CRMLS

CRMLS #PW24112238

Pending
$749,000
06/03/2024
CRMLS

CRMLS #PW24112238

Listed
$749,000
+49.8%

Schools & Community

Neighborhood: 

Mountain View

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

El Monte Union High

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

$384,904
Asking price
$749,000
Closing costs (~8% of asking)
-$59,920
Est. remaining loan balance
-$304,176
Cash to seller
$384,904

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

Seller’s Loan History

Lender

Hometrust Lending Inc

Loan start date

October 2021

Original loan amount

$325,000

Est. remaining balance

$304,176

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

David Nguyen

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: 09/18/2024 at 6:35 PM

Listing updated: 08/27/2024 at 10:51 AM

Listed by: Richard Lobin, Century 21 Affiliated Phone #: (949) 551-7000

MLS: CRMLS #PW24112238

CRMLS logo

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