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$596,197Estimated home value

Beds
2
Baths
2.0
sq ft
612

741 W Summerland Ave, San Pedro, CA 90731

741 W Summerland Ave

San Pedro, CA 90731

  • Sold On 8/9/2024
Welcome to 741 W Summerland Avenue in the beautiful city of San Pedro! This turn-key, single family residence offers 2 bedrooms, each with its own bathroom making it ideal for "house hacking" if you're an entry level buyer. For the investment-minded buyer looking for a short term or mid term rental, this home is conveniently located near Catalina Express landing, San Pedro water front, with easy access to the 110 freeway with several hospitals within a 3 mile radius. Plus, the 47 freeway takes you over the Vincent Thomas bridge and right into dynamic Downtown Long Beach in just a few minutes. Newer paint, carpet, and countertops. Laundry hook ups indoors and outdoor storage shed. Charming seating area for gatherings or relaxing. Conveniently located near San Pedro Fish Market, Fort MacArthur, and the Marinas, this home offers endless possibilities in an appreciating city!

Details

Property type

Single Family Residence

Est. home value

$596,197

Lot size

2,184 sq ft

Price per sq ft

$899

Year built

1925

HOA

No

Price History

08/08/2024
CLAW

CLAW #24406269

Sold
$560,000
+1.82%
07/10/2024
CLAW

CLAW #24406269

Pending
$550,000
06/20/2024
CLAW

CLAW #24406269

Listed
$550,000
-5.01%

Schools & Community

Neighborhood: 

San Pedro

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

$60,756
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$445,244
Cash to seller
$60,756

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 Point Financial Corporation

Loan start date

April 2021

Original loan amount

$481,000

Est. remaining balance

$445,244

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Dishawn K Roberson

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: Off Market

Tomo last checked: 10/04/2024 at 6:45 PM

Listing updated: 10/03/2024 at 8:10 PM

Listed by: Melissa Urena, JohnHart Corp. Phone #: (818) 246-1099

MLS: CLAW #24406269

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