tomo logo

$550,000

Beds
5
Baths
3.5
sq ft
2,200

5222 57th Avenue, Riverdale, MD 20737

5222 57th Avenue

RIVERDALE, MD 20737

  • 58 days on market
    • Price drop $100,000↓
    • Open house Jul 07
Recently renovated property in 2022, this lovely home welcomes you with an open concept living and kitchen area, featuring granite countertops and multiple cabinets. On the first floor, you'll find a second level with three bedrooms, two full bathrooms, and a laundry area. The fully livable basement includes a full kitchen, laundry area, a spacious bedroom, and a full bathroom. This home is waiting for you, don't miss out on this opportunity! Additionally, it boasts a sun row, perfect for hosting family gatherings and entertaining friends, as well as a spacious driveway capable of accommodating multiple vehicles.

Details

Property type

Single Family Residence

Est. home value

$362,995

Lot size

6,000 sq ft

Price per sq ft

$250

Year built

1951

Annual property taxes

$4,121

HOA

No

Price History

05/06/2024

Bright #MDPG2112072

Listed
$550,000
+162.53%
01/27/2017

Bright #1001087629

Sold
$209,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

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

$166,107
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$339,893
Cash to seller
$166,107

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

Seller’s Loan History

Lender

City Lending Inc

Loan start date

November 2022

Original loan amount

$345,950

Est. remaining balance

$339,893

Interest rate

6.66%

Loan type

FHA, 30 year

Seller

Gerson E Martinez Larin

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: 07/03/2024 at 3:30 PM

Listing updated: 07/01/2024 at 9:03 PM

Listed by: Ruth D. Henriquez, EXP Realty, LLC Phone #: (833) 335-7433

MLS: Bright #MDPG2112072

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