tomo logo

$325,000

Beds
1
Baths
1.0
sq ft
601

527 Cedar Ave Unit 2G, Long Beach, CA 90802

527 Cedar Ave Unit 2G

Long Beach, CA 90802

  • 63 days on market
    • Price drop $4,000↓
Welcome to your charming 1-bedroom, 1-bathroom condo, conveniently located near the beach and boasting a picturesque courtyard that's sure to enchant you. Step into a cozy living space where modern amenities meet coastal charm, offering the perfect retreat after a day of seaside adventures or exploring the vibrant city. This 2nd level condo features a serene courtyard, adorned with lush greenery. It's a tranquil oasis right at your doorstep, providing a peaceful escape from the hustle and bustle of everyday life. In addition to its scenic surroundings, this condo offers the convenience of onsite laundry facilities, ensuring that your stay is as comfortable and hassle-free as possible. With its prime location near the beach, shopping center, downtown nightlife, and cultural centers, this condo promises an unforgettable coastal living experience. Whether you're seeking relaxation, adventure, or cultural immersion, you'll find it all right here, making this condo the perfect choice for your next getaway.

Details

Property type

Condominium

Est. home value

$326,867

Lot size

0.3445 acres

Price per sq ft

$541

Year built

1961

Monthly HOA fee

$228

Price History

06/24/2024
CRMLS

CRMLS #RS24085386

Price change
$325,000
-1.22%
05/20/2024
CRMLS

CRMLS #RS24085386

Price change
$329,000
-3.24%
04/29/2024
CRMLS

CRMLS #RS24085386

Listed
$340,000
+13.33%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Franklin

High school: 

Polytechnic

Community features: 

Gated, Street Lights, Suburban

High school district: 

Long Beach Unified

Number of units in community: 

23

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

$70,834
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$228,166
Cash to seller
$70,834

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

Seller’s Loan History

Lender

Bay Valley Mortgage Group

Loan start date

February 2022

Original loan amount

$240,000

Est. remaining balance

$228,166

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Ronnie Ward Sr

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: 07/01/2024 at 9:20 AM

Listing updated: 06/24/2024 at 7:29 PM

Listed by: Maya Jones, The Jackson Real Estate Group Phone #: (310) 946-1764

MLS: CRMLS #RS24085386

CRMLS logo

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