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$1,175,000

Beds
4
Baths
2.5
sq ft
2,057

8067 Otto St, Downey, CA 90240

8067 Otto St

Downey, CA 90240

  • 107 days on market
Beautiful North Downey 4 Bedroom, 2.5 Bath with Pool. Home is located in a cul-de-sac. Kitchen is remodeled, featuring quartz counter tops, grey custom cabinetry with plenty of storage space. This lovely Home has a formal dinning room on an open floor plan. Living room is large with plenty of natural light. Large Master bedroom features private bathroom with dual sinks. Laundry room Conveniently located next to kitchen. Third bathroom is located close to laundry area. Property great for entertaining family and friends. Backyard has heated pool & spa. The other side of back yard comes with bar and grill connected to gas. All this under a shaded porch. Property has large driveway suitable for plenty of parking. Detached garage located at end of driveway.

Details

Property type

Single Family Residence

Est. home value

$1,197,411

Lot size

7,782 sq ft

Price per sq ft

$572

Year built

1950

Price History

05/30/2024
CRMLS

CRMLS #DW24056408

Price change
$1,175,000
+1.29%
05/22/2024
CRMLS

CRMLS #DW24056408

Price change
$1,160,000
-1.28%
04/18/2024
CRMLS

CRMLS #DW24056408

Price change
$1,175,000
-2.08%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Downey 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

$251,282
Asking price
$1,175,000
Closing costs (~8% of asking)
-$94,000
Est. remaining loan balance
-$829,718
Cash to seller
$251,282

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

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

August 2022

Original loan amount

$840,000

Est. remaining balance

$829,718

Interest rate

5.81%

Loan type

New Conventional, 40 year

Seller

Mario Diaz Vazquez and Bertha Diaz

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: 07/06/2024 at 12:00 AM

Listing updated: 05/31/2024 at 10:34 AM

Listed by: Ryan Carrillo, Amberwood Real Estate Phone #: (562) 799-2388

MLS: CRMLS #DW24056408

CRMLS logo

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