tomo logo

$360,000

Beds
1
Baths
1.0
sq ft
590

735 Cedar Ave Unit 25, Long Beach, CA 90813

735 Cedar Ave Unit 25

Long Beach, CA 90813

  • 161 days on market
    • Price drop $5,000↓
Seller is willing to Finance!!! This delightful 1-bedroom, 1-bath condominium features 590 square feet of bright, open living space. The generously sized bedroom includes a spacious closet. Situated in a beautiful building with a lovely courtyard, the gated complex offers added privacy. With only 27 units and low HOA dues, it is perfect for any buyer. Ideally located in Downtown Long Beach, it is close to restaurants, shopping, the commuter train, and much more!

Details

Property type

Condominium

Est. home value

$343,276

Lot size

0.345 acres

Price per sq ft

$611

Year built

1957

Monthly HOA fee

$168

Price History

09/23/2024
CRMLS

CRMLS #SB24115665

Price change
$360,000
-1.37%
09/11/2024
CRMLS

CRMLS #SB24115665

Price change
$365,000
-1.35%
07/17/2024
CRMLS

CRMLS #SB24115665

Price change
$369,999
-1.33%

Schools & Community

Neighborhood: 

Willmore City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Long Beach Unified

Number of units in community: 

27

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

$73,322
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$257,878
Cash to seller
$73,322

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 Equity Llc

Loan start date

April 2021

Original loan amount

$280,330

Est. remaining balance

$257,878

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Elias Barragan

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: 11/14/2024 at 8:40 AM

Listing updated: 09/22/2024 at 7:30 PM

Listed by: Nohemi Ramirez, Keller Williams South Bay Phone #: (310) 375-3511

MLS: CRMLS #SB24115665

CRMLS logo

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