tomo logo

$789,000

Beds
6
sq ft
2,055

705 McDonald Ave, Wilmington, CA 90744

705 McDonald Ave

Wilmington, CA 90744

  • 599 days on market
    • Price drop $10,000↓
LOCATION ,LOCATION,LOCATION. Great Investment Opportunity in the City of Wilmington! This triplex is made up of Units consisting of 2 Bedrooms and 1 Bath for each. The Units are attached and each of them have their own separate Garage Areas and a laundry room accessible to all units. The Building is on a Corner Lot and it has a Very Spacious Driveway, Granting Easy Access to their garage and possible potential for an ADU. The Property is Located Close to Schools, Parks, and is in Close Proximity to Major Freeways. This is a Opportunity you don't want to Miss!

Details

Property type

Est. home value

$690,178

Lot size

4,801 sq ft

Price per sq ft

$384

Year built

1954

HOA

No

Price History

11/07/2024
CLAW

CLAW #23266139

Price change
$789,000
-1.25%
07/22/2024
CLAW

CLAW #23266139

Price change
$799,000
-1.36%
01/13/2024
CLAW

CLAW #23266139

Listed
$810,000
+15.71%

Schools & Community

Neighborhood: 

Wilmington

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$226,159
Asking price
$789,000
Closing costs (~8% of asking)
-$63,120
Est. remaining loan balance
-$499,721
Cash to seller
$226,159

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

April 2022

Original loan amount

$525,000

Est. remaining balance

$499,721

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Angel Martinez and Alfonso Macias

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: 12/23/2024 at 12:05 AM

Listing updated: 12/05/2024 at 3:00 AM

Listed by: Patricia Malik, West Shores Realty, Inc. Phone #: (310) 541-8000

MLS: CLAW #23266139

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