tomo logo

$2,599,000

Beds
6
Baths
3.0
sq ft
5,311

720 S Catalina Ave, Redondo Beach, CA 90277

720 S Catalina Ave

Redondo Beach, CA 90277

  • 424 days on market
    • Price drop $196,000↓
Location-Location-Location! This is a GREAT OPPORTUNITY to own a fantastic piece of South Redondo Beach. Though the property does require some tender loving care, it is a rare and unique find with tons of potential for a number of reasons… HISTORY: the original home was built in 1910. Though it has gone through changes it still has much of its original charm. TWO ON A LOT: The current owners built a second home Behind the original home and connected the two bringing the total livable square footage to over 5,XXX. All building and remodeling was permitted and to code on a 6,000 square foot R-3A Zoned lot.(City stamped blueprints and building permits are available for verification) LIVE IN ONE~RENT THE OTHER: with some modifications and updating you could live in either the front or the rear structure and rent out the other structure. EXTENDED FAMILY: if you have a large or extended family you would have enough room to make everyone more than happy. YOUNG FAMILY:Redondo Beach has award winning schools, from Kindergarten to High School, and you will find them to be conveniently located close to your new home. Bring your imagination and have fun.

Details

Property type

Single Family Residence

Est. home value

$2,851,524

Lot size

6,001 sq ft

Price per sq ft

$490

Year built

1910

HOA

No

Price History

10/25/2024
CRMLS

CRMLS #PV23198700

Price change
$2,599,000
-7.01%
04/17/2024
CRMLS

CRMLS #PV23198700

Listed
$2,795,000
04/13/2024
CRMLS

CRMLS #PV23198700

Pending
$2,795,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Fishing, Park, Street Lights, Sidewalks

High school district: 

Redondo 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

$2,379,508
Asking price
$2,599,000
Closing costs (~8% of asking)
-$207,920
Est. remaining loan balance
-$11,572
Cash to seller
$2,379,508

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

Seller’s Loan History

Lender

Home Savings Of America

Loan start date

September 1997

Original loan amount

$54,000

Est. remaining balance

$11,572

Interest rate

7.54%

Loan type

Not Provided, 30 year

Seller

Howard E Vangilst and Norma L Vangilst

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 11:35 PM

Listing updated: 12/04/2024 at 4:50 PM

Listed by: Kim Emery, Engel & Volkers LA South Bay Phone #: (925) 872-0968

MLS: CRMLS #PV23198700

CRMLS logo

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