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$408,854Estimated home value

Beds
3
Baths
2.0
sq ft
1,202

340 W Congress St, Colton, CA 92324

340 W Congress St

Colton, CA 92324

  • Off market
    • Price drop $5,000↓
Beautifully remodeled home in the city of Colton. Front house is 2 bedrooms 1 bath. New kitchen, new bathrooms, new laminate flooring, new carpets in bedrooms, mini split air conditioning and heating, long driveway with plenty of parking, and big backyard ideal for entertaining. Converted garage has 1 bedroom 1 bath, great for guests or can be rented out. Back patio on the front unit is enclosed and can be used for entertainment or converted to a 4th bedroom. Great home for a big family or rental income. FHA approved.

Details

Property type

Single Family Residence

Est. home value

$408,854

Lot size

5,750 sq ft

Price per sq ft

$458

Year built

1926

Price History

07/03/2024
CRMLS

CRMLS #GD24135191

Removed
$550,000
07/02/2024
CRMLS

CRMLS #GD24135191

Pending
$550,000
07/02/2024
CRMLS

CRMLS #GD24135191

Price change
$550,000
-0.9%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Colton 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

$310,619
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$195,381
Cash to seller
$310,619

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

Seller’s Loan History

Lender

Dennis Little Etal

Loan start date

January 2024

Original loan amount

$330,000

Est. remaining balance

$195,381

Interest rate

7.22%

Loan type

New Conventional, 1 year

Seller

Armen Youssefian

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: Off Market

Tomo last checked: 07/03/2024 at 7:40 AM

Listing updated: 07/02/2024 at 1:03 PM

Listed by: Norair Youssefian, Nick-Nick Realty Phone #: (818) 426-1716

MLS: CRMLS #GD24135191

CRMLS logo

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