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$1,350,000

Beds
Unknown
sq ft
Unknown

3118 3124 Fairmount Ave, San Diego, CA 92105

3118 3124 Fairmount Ave

San Diego, CA 92105

  • 13 days on market
Renovated, fully occupied, 4-unit apartment building on a large lot. A developer's dream! Your chance to buy in the San Diego investment market. Walkable to stores, schools, restaurants, and transit. Newer roof and updates. Income-earning laundry facility on site. Great development potential. The central location and large lot offers many possibilities.

Details

Property type

Est. home value

$1,123,872

Lot size

5,045 sq ft

Price per sq ft

Unknown

Year built

1949

HOA

No

Price History

12/05/2024
CRMLS

CRMLS #PTP2407398

Listed
$1,350,000
+38.46%
07/01/2021
CRMLS

CRMLS #NDP2105756

Sold
$975,000

Schools & Community

Neighborhood: 

Swan Canyon

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

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

$521,380
Asking price
$1,350,000
Closing costs (~8% of asking)
-$108,000
Est. remaining loan balance
-$720,620
Cash to seller
$521,380

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

June 2021

Original loan amount

$780,000

Est. remaining balance

$720,620

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Brett Patrick and The Bmp 1988 Revocable Trust

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?

Status: Active

Tomo last checked: 12/18/2024 at 5:05 AM

Listing updated: 12/05/2024 at 2:19 PM

Listed by: John Rinaldi, Apropos Investments Phone #: (619) 295-8516

MLS: CRMLS #PTP2407398

CRMLS logo

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