tomo logo

$719,900

Beds
5
sq ft
2,724

709 N Burris Ave, Compton, CA 90221

709 N Burris Ave

Compton, CA 90221

  • 126 days on market
    • Price drop $10,000↓
BACK ON THE MARKET with $10,000 price reduction. Discover the allure of this expansive and charming duplex, presenting two units that can be configured to suit your preferences. Ideally situated within a mile of the recently established Walmart on Long Beach Blvd and the esteemed Compton courthouse, this residence boasts convenience with proximity to the 105 Freeway, the vibrant Crystal Casino & Hotel, and the bustling Plaza Mexico. Step into This property with two garages and plenty of covered parking space, the rear unit, where gleaming wooden floors provide an inviting warmth and contemporary appeal. Meanwhile, the front unit welcomes you with an open floor plan in the living and dining areas, fostering a sense of spaciousness and versatility. Not only does this property offer comfort and style, but it also holds potential for expansion, as you can add two ADU's for up to four units (verification recommended through the City of Compton Planning Department). Seize this opportunity and bring your discerning buyers to experience the unique charm and possibilities that this duplex provides! Live in one unit and the second one will pay for your Mortgage monthly payment!

Details

Property type

Est. home value

$838,086

Lot size

6,540 sq ft

Price per sq ft

$265

Year built

1927

HOA

No

Price History

07/01/2024
CLAW

CLAW #24363809

Price change
$719,900
-1.37%
06/05/2024
CLAW

CLAW #24363809

Pending
$729,900
05/23/2024
CLAW

CLAW #24363809

Price change
$729,900
-2.67%

Schools & Community

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

$384,716
Asking price
$719,900
Closing costs (~8% of asking)
-$57,592
Est. remaining loan balance
-$277,592
Cash to seller
$384,716

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

$290,000

Est. remaining balance

$277,592

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Dionicio Cisneros and Magdalena Cisneros

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: 07/05/2024 at 10:15 PM

Listing updated: 06/30/2024 at 7:03 PM

Listed by: Jorge Guerrero, Big Block Platinum Phone #: (310) 912-7515

MLS: CLAW #24363809

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