tomo logo

$650,000

Beds
2
Baths
2.0
sq ft
1,511

4261 Fernwood Ave, Lynwood, CA 90262

4261 Fernwood Ave

Lynwood, CA 90262

  • 3 days on market
This is a great opportunity for an investor or family to own a spacious 2 bedroom, 2 bathroom with large living room and family room. The home features 1511 square feet with loads of natural light, central heat and air conditioning, laundry room and a detached garage. This LYR3 zoned home's lot is over 7500 square feet with a very large backyard with ample space to build an accessory dwelling and has alley access in the rear also. This great Lynwood home is located near dining, shopping, and is adjacent to the Lynwood I-105 mile-long linear park featuring fitness stations, a community garden, and children's play areas. This Probate sale is not subject to court confirmation. Property is sold AS-IS, and all property in home conveys with the sale. Schedule a viewing today and explore the potential of this exceptional investment opportunity. (Note: Cat resides inside the residence.)

Details

Property type

Single Family Residence

Est. home value

$593,724

Lot size

7,584 sq ft

Price per sq ft

$431

Year built

1955

HOA

No

Price History

11/15/2024
CLAW

CLAW #24464351

Listed
$650,000
-1.52%
08/22/2024
CRMLS

CRMLS #IV23226920

Removed
$660,000
08/20/2024
CRMLS

CRMLS #IV23226920

Listed
$660,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

February 2011

Original loan amount

$352,500

Est. remaining balance

Not provided

Interest rate

4.83%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 82 year

Seller

Marna J Mckinney

Lender

Broadway Fed S/L

Loan start date

October 1993

Original loan amount

$32,028

Est. remaining balance

$0

Interest rate

6.82%

Loan type

Not Provided, 30 year

Seller

Marna J Mckinney and Jeannett Tracy

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: 11/20/2024 at 12:45 AM

Listing updated: 11/16/2024 at 10:35 PM

Listed by: Annette Story, Landrus S. Clark Phone #: (323) 443-4159

MLS: CLAW #24464351

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