tomo logo

$499,999

Beds
3
Baths
2.0
sq ft
1,933

45029 16th St W, Lancaster, CA 93534

45029 16th St W

Lancaster, CA 93534

  • 114 days on market
    • Price drop $25,001↓
    • Open house Feb 02
!! $499,999 MAJOR PRICE REDUCTION!! MOTIVATED SELLER!! 2 HOMES 1 LOT. UPDATED/REMODELED home with PRIVATE ADU entrance on side of home. $$$ NEWER: ROOF, CENTRAL AC, COVERED PATIO, KITCHEN, FLOORS, PLUMBING, and BONUS ROOM IN BACKYARD w/ AC unit that can be used as STUDIO or OFFICE $$$ Family room large enough to convert into additional bedrooms -- ENORMOUS backyard can fit POOL and stil have loads of yard space! Mortgage loan is ASSUMABLE at a 3.125% INTEREST RATE! Solar panels are producing enough energy for $0 ELECTRIC BILLS at times!! Sellers open to install WINE FRIDGE in kitchen or dishwasher, BUYERS CHOICE! #ADU #PRICEREDUCTION #AFFORDABLEHOME #LOWINTERESTRATE #LOWPAYMENT #RENTALUNIT #TWOHOMES1LOT #TWOHOMES #LANCASTER #HOMEFORSALE #MOTIVATEDSELLER #REMODELED #UPGRADES #499999 #UNDER500K

Details

Property type

Single Family Residence

Est. home value

$460,815

Lot size

8,123 sq ft

Price per sq ft

$259

Year built

1955

HOA

No

Price History

01/04/2025
CRMLS

CRMLS #SR24206927

Price change
$499,999
-4.76%
12/27/2024
CRMLS

CRMLS #SR24206927

Price change
$525,000
-4.55%
11/08/2024
CRMLS

CRMLS #SR24206927

Listed
$549,999

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Antelope Valley Union

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

$119,504
Asking price
$499,999
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$340,495
Cash to seller
$119,504

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

Seller’s Loan History

Lender

Sun West Mortgage Company Inc

Loan start date

February 2021

Original loan amount

$374,099

Est. remaining balance

$340,495

Interest rate

2.67%

Loan type

FHA, 30 year

Seller

Cesar Octavio Reyes

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: 01/27/2025 at 8:55 AM

Listing updated: 01/26/2025 at 5:05 PM

Listed by: Cynthia Bedoy, Pinnacle Estate Properties Phone #: (818) 993-7370

MLS: CRMLS #SR24206927

CRMLS logo

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