719 E Lomita Boulevard, Wilmington, California 90744, Wilmington, 90744 - 3 bed, 1 bath
ACTIVE$700,000
719 E Lomita Boulevard, Wilmington, California 90744
3Beds
1Bath
1,164Sqft
5,684Lot
Year Built
1953
Close
-
List price
$700K
Original List price
$715K
Price/Sqft
$601
HOA
-
Days on market
-
Sold On
-
MLS number
IN24159832
Home ConditionGood
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $700.0K(50th), sqft - 1164(50th), beds - 3(50th), baths - 1(48th).
Home is located in a nice neighborhood near quick freeway access, shopping, schools, etc... Property to be sold in "AS-IS" condition; no repairs will be made.. Possibility of rent back at the close of escrow 15-30 days. Seller will not pay for termite, closing costs, but may consider $500 for the home warranty.
Price History
Date
Event
Price
10/13/94
Sold
$162,000
Condition Rating
Good
Built in 1953, this home shows significant updates that make it move-in ready. The kitchen features modern stainless steel appliances (like the LG range), updated dark wood cabinetry, and granite countertops, suggesting a renovation within the last 5-15 years. The bathroom also has an updated vanity. Flooring appears to be updated throughout. While the 'AS-IS' condition implies potential underlying issues, the visible areas, especially the kitchen and bathroom, are functional and aesthetically pleasing, aligning with a 'Good' condition rating where major systems are functional and some components have been updated.
Pros & Cons
Pros
Prime Location & Accessibility: The property is situated in a nice neighborhood with quick access to freeways, shopping, and schools, offering significant convenience for daily living.
Desirable Lot Size: With a lot size of 5684 sqft, the property offers ample outdoor space for potential landscaping, expansion, or recreational activities.
Functional Bedroom Count: The 3-bedroom configuration is highly sought after, appealing to families, first-time homebuyers, or those needing dedicated office space.
Recent Price Adjustment: The list price has been reduced from $715,000 to $700,000, potentially indicating seller motivation and offering better value for prospective buyers.
Seller Flexibility (Rent Back): The possibility of a 15-30 day rent-back period offers valuable flexibility for the buyer's moving schedule or renovation planning post-closing.
Cons
As-Is Sale Condition: The property is being sold in 'AS-IS' condition with no repairs to be made, which implies potential for significant immediate and future repair costs for the buyer.
Buyer Bears Significant Costs: The seller explicitly states they will not pay for termite work or closing costs, shifting substantial financial burdens directly onto the buyer.
Age of Property & Potential for Updates: Built in 1953, the home is over 70 years old, suggesting that major systems and finishes may be original or outdated, likely requiring considerable investment for modernization and maintenance.