tomo logo

$405,000

Beds
1
Baths
1.0
sq ft
609

350 Cedar Ave Unit 506, Long Beach, CA 90802

350 Cedar Ave Unit 506

Long Beach, CA 90802

  • 18 days on market
Welcome to your new downtown living experience in the beautiful city of Long Beach! This recently renovated 1 Bedroom 1 Bath Condo sits in the heart of Downton Long Beach. You have stunning city light view with walking distance to entertainment and much more! When you first walk into home you step up into its open living room with LVP flooring/LED lights and dimmers and recently installed blinds. Then you walk into your kitchen which features kitchen-slow close shaker cabinets, Quartz counter tops and stainless steel appliances. From there you walk into your hallway where you have your tankless water heater and cabinets for storage. Then you have your spacious bathroom with a LED bathroom mirror and recently remolded shower with a newer toilet. Kitchen and Bathroom also have newer pluming that was installed two years ago! From there you have your large bedroom with closet doors/LED ceiling fan. This is a Must See Condo!

Details

Property type

Condominium

Est. home value

$376,494

Lot size

0.2441 acres

Price per sq ft

$666

Year built

1971

Monthly HOA fee

$264

Price History

06/13/2024
CRMLS

CRMLS #TR24121473

Listed
$405,000
+10.96%
03/29/2022
CRMLS

CRMLS #PW21262396

Sold
$365,000
+21.67%
08/17/2021
CRMLS

CRMLS #PW21121474

Sold
$300,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

High school district: 

Long Beach Unified

Number of units in community: 

32

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

$42,487
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$330,113
Cash to seller
$42,487

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

Seller’s Loan History

Lender

Hometown Equity Mortgage

Loan start date

February 2022

Original loan amount

$346,750

Est. remaining balance

$330,113

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Julian Sanchez

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: 07/01/2024 at 11:50 AM

Listing updated: 06/30/2024 at 3:33 PM

Listed by: Jaanie Segura, Better Homes and Gardens Real Estate The Heritage Group Phone #: (909) 606-8107

MLS: CRMLS #TR24121473

CRMLS logo

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