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155 S Wilmington Avenue C, Compton, California 90220, Compton, 90220 - 2 bed, 2 bath

155 S Wilmington Avenue C, Compton, California 90220 home-pic-0
ACTIVE$349,000
155 S Wilmington Avenue C, Compton, California 90220
2Beds
2Baths
949Sqft
128,645Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Gated Community & Amenities: The property is situated within a cozy gated community, offering enhanced security, privacy, well-manicured grounds, and access to an inviting community pool.
Top Cons:
FHA Loan Ineligibility: The property is not eligible for FHA financing, which significantly limits the potential buyer pool, particularly for first-time homebuyers.

Compared to the nearby listings

Price:$349.0K vs avg $579.0K ($-229,990)7%
Size:949 sqft vs avg 1,547 sqft7%
Price/sqft:$368 vs avg $41114%

More Insights

Built in 1984 (41 years old).
Condition: Built in 1984, this property is 40 years old. While it benefits from a new roof, the interior, especially the kitchen, is significantly outdated with original-style dark wood cabinets, laminate countertops, older white appliances, and dated fluorescent lighting. The flooring also appears to be older ceramic tile. The property is functional and maintained, but requires substantial cosmetic and functional updates to meet modern standards, aligning with the 'Fair' condition criteria.
Year Built
1984
Close
-
List price
$349K
Original List price
$339K
Price/Sqft
$368
HOA
$384
Days on market
-
Sold On
-
MLS number
MC24249489
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Opportunity knocks inside this cozy gated community! This two-bedroom, two-bathroom home is ready for its next owner to bring their vision to life. With its functional layout and potential to make it your own, this property is perfect for anyone looking for a great investment or a place to call home. Notice the well-manicured grounds and the inviting gated pool. Visit the pride of the area landmarks and essential amenities offering a lifestyle all your own! Convenient to Martin Luther Community Hospital/ Drew Magnet High School of Medicine & Science, Charles R. Drew University, Magic Johnson Park and of course for your travel pleasure, Compton Airport! Enjoy the peace and privacy of a gated community while still being conveniently located near shops, dining, and with easy access to major freeways, including the 91, 105, and 110, making commuting a breeze. Don’t miss out on this fantastic opportunity to own in a desirable neighborhood. New roof this past summer and other upgrades in progress. Property may qualify for community grants, check with lender. No FHA, VA okay.

Price History

Date
Event
Price
01/02/97
Sold
$50,000
Condition Rating
Fair
Built in 1984, this property is 40 years old. While it benefits from a new roof, the interior, especially the kitchen, is significantly outdated with original-style dark wood cabinets, laminate countertops, older white appliances, and dated fluorescent lighting. The flooring also appears to be older ceramic tile. The property is functional and maintained, but requires substantial cosmetic and functional updates to meet modern standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Gated Community & Amenities: The property is situated within a cozy gated community, offering enhanced security, privacy, well-manicured grounds, and access to an inviting community pool.
Strategic Location & Commuter Access: Conveniently located with easy access to major freeways (91, 105, 110), making commuting a breeze and connecting to shops and dining.
Proximity to Essential Services & Landmarks: Close to Martin Luther Community Hospital, Charles R. Drew University, Magic Johnson Park, and Compton Airport, providing access to healthcare, education, recreation, and travel.
Recent Major Upgrade: A new roof was installed last summer, indicating recent capital improvements that reduce immediate maintenance concerns for the buyer.
Investment & Customization Potential: Described as an 'opportunity' for the next owner to 'bring their vision to life,' suggesting potential for value appreciation through personalized updates and renovations.

Cons

FHA Loan Ineligibility: The property is not eligible for FHA financing, which significantly limits the potential buyer pool, particularly for first-time homebuyers.
High Monthly HOA Fees: The association fee of $384.00 per month is substantial for a 949 sqft townhouse, adding a significant ongoing cost to homeownership.
Requires Updates/Personalization: The description implies the property may need cosmetic or functional updates to fully realize its potential and appeal to modern tastes, requiring additional investment from the buyer.

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