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$648,000

Beds
2
Baths
2.0
sq ft
1,174

349 Ridge Terrace Ln, Montebello, CA 90640

349 Ridge Terrace Ln

Montebello, CA 90640

  • 8 days on market
    • Open house Jul 06
Prime location in the city of Montebello with its own quiet entrance. Features with 2 bedroom suite and 1.5 bathroom. living room space with hardwood flooring, recess lights and crown molding throughout, updated kitchen and dining area. First floor has a balcony for some outdoor entertaining space. Upstairs with 2 bedrooms 1.5 Bath and Balcony to enjoy a nice quiet coffee/tea. 2 car Garage are direct access to the house. Washer/Dryer inside the condo. Most importantly water heater, electric panel, HVAC all have been updated few years! Nearby 60 freeway, shopping centers and downtown LA.

Details

Property type

Condominium

Est. home value

$592,166

Lot size

3.8025 acres

Price per sq ft

$552

Year built

1976

Monthly HOA fee

$398

Price History

06/28/2024
CRMLS

CRMLS #AR24133108

Listed
$648,000
+15.71%
02/03/2022
CRMLS

CRMLS #PW22004682

Sold
$560,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Street Lights

High school district: 

Montebello Unified

Number of units in community: 

185

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

$118,202
Asking price
$648,000
Closing costs (~8% of asking)
-$51,840
Est. remaining loan balance
-$477,958
Cash to seller
$118,202

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

Seller’s Loan History

Lender

Uni First Investment Inc

Loan start date

January 2022

Original loan amount

$503,500

Est. remaining balance

$477,958

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Jimmy Yam and Zhiying Mo

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: 07/05/2024 at 6:40 PM

Listing updated: 07/02/2024 at 6:33 PM

Listed by: Karen Wu, IRN Realty Phone #: (626) 447-5100

MLS: CRMLS #AR24133108

CRMLS logo

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