tomo logo

$700,000

Beds
2
Baths
1.0
sq ft
903

42104 6th St E, Lancaster, CA 93535

42104 6th St E

Lancaster, CA 93535

  • 32 days on market
Updated 2 bed 1 bath single family home on a 37,552 sqft lot! Included with the sale a neighboring 33,076 sqft vacant lot! Over 70,000 sqft in a desirable location in Lancaster with endless possibilities.The home features new floors, central ac/heat and roof. Updated 200 amp panel and newly painted throughout. Detached 420 sqft garage has 9' high roll up door and 100 amp sub panel ready for EV vehicles or heavy machinery. Heavy industrial zoning welcomes possibilities of cannabis manufacturing/distribution, auto repair/dismantling, truck/RV storage, storage facilities/cargo containers, recycling facility, food and general manufacturing, and much more. Vacant lot has easy set up for utilities w/ SoCal Edison, Landale Mutual Water Company and Spectrum Internet. Los Angeles County fire hydrant on street and no protected Joshua Trees on the lot.

Details

Property type

Single Family Residence

Est. home value

$460,562

Lot size

1.6207 acres

Price per sq ft

$776

Year built

1953

HOA

No

Price History

10/22/2024
CLAW

CLAW #24443675

Removed
$530,000
-24.29%
10/22/2024
CLAW

CLAW #24455395

Listed
$700,000
+32.08%
10/07/2024
CLAW

CLAW #24443675

Price change
$530,000
-11.52%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$397,533
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$246,467
Cash to seller
$397,533

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

January 2021

Original loan amount

$270,000

Est. remaining balance

$246,467

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Richard Khoury

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: 11/23/2024 at 5:30 PM

Listing updated: 11/02/2024 at 9:30 AM

Listed by: Imraan Ali, Compass Phone #: (626) 205-4040

MLS: CLAW #24455395

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