tomo logo

$1,050,000

Beds
5
Baths
3.0
sq ft
2,916

501 S Sloan Ave, Compton, CA 90221

501 S Sloan Ave

Compton, CA 90221

  • 132 days on market
Welcome to this Completely Remodeled Modern Spanish Revival, one of the most unique properties to ever hit the market in the city of Compton! Located on a corner lot with a detached garage, this home offers 2,919 square feet of living space, with a permitted 499 sqft addition and a big basement. It is still one of the lowest price per foot homes in the area! Featuring 5 bedrooms and 3 full bathrooms, with a huge master bath and closet located upstairs. Laundry is upstairs along with a Jack and Jill Bath, 3 bedrooms and storage. The home is perfect for a large family and those who love to entertain. Upon entering, you'll be greeted by 15 foot ceilings, massive fireplace and multiple barrel ceilings, giving the home an airy and spacious feel. The luxury vinyl flooring, KitchenAid Appliances and high end finishes add so much elegance and modernity to this beautiful space. This home has been completely renovated down to the studs with all new electrical, roof, plumbing, windows, landscaping and foundation, and is completely permitted; making it essentially a brand new construction. The detached garage offers plenty of space for storage and parking. This is a generational property that only becomes available every so often, don't miss out on this timeless piece of architecture!

Details

Property type

Single Family Residence

Est. home value

$986,742

Lot size

6,807 sq ft

Price per sq ft

$361

Year built

1928

HOA

No

Price History

08/13/2024
CRMLS

CRMLS #PW24163009

Listed
$1,050,000
+6.06%
09/08/2023
CRMLS

CRMLS #OC23142324

Sold
$990,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

High school district: 

Compton Unified

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

-$9,663
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$975,663
Cash to seller
-$9,663

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2023

Original loan amount

$990,000

Est. remaining balance

$975,663

Interest rate

6.71%

Loan type

VA, 30 year

Seller

Joseph Olidge and Christina Denise Dogan Bonam

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: 12/22/2024 at 5:35 PM

Listing updated: 12/10/2024 at 12:54 PM

Listed by: Bryant Flores, American Financial Group Phone #: (562) 207-2400

MLS: CRMLS #PW24163009

CRMLS logo

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