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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

  • 122 days on market
    • Price drop $75,000↓
Amazing Property in Downey CA! This lovely home has 4 bedrooms 2.5 bathrooms with a formal dining room, family room great for entertaining. Beautiful kitchen with quartz countertops and grey custom cabinetry. It has an amazing pool with great space and a bar and grill area. This property is located in a cul de sac. Close to entertaining, shopping, freeway, restaurants,etc. This is a must see.

Details

Property type

Single Family Residence

Est. home value

$1,197,411

Lot size

7,922 sq ft

Price per sq ft

$572

Year built

1950

HOA

No

Price History

09/11/2024
CRMLS

CRMLS #DW24175346

Price change
$1,175,000
-6%
08/23/2024
CRMLS

CRMLS #DW24175346

Listed
$1,250,000
+6.38%
08/13/2024
CRMLS

CRMLS #DW24056408

Removed
$1,175,000

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

$254,281
Asking price
$1,175,000
Closing costs (~8% of asking)
-$94,000
Est. remaining loan balance
-$826,719
Cash to seller
$254,281

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

$826,719

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: 12/22/2024 at 10:55 PM

Listing updated: 12/16/2024 at 3:50 AM

Listed by: Jorge Alvarez, American Team Properties Phone #: (562) 272-4200

MLS: CRMLS #DW24175346

CRMLS logo

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