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

155 S Wilmington, Compton, California 90220 home-pic-0
ACTIVE$349,500$949/sqft
155 S Wilmington, Compton, California 90220
2Beds
2Baths
949Sqft
128,645Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Financial Incentives: Access to significant grant money and loan programs (e.g., $160,000 LIPA, up to $50,000 additional grants) drastically reduces the cost of homeownership, making it highly accessible.
Top Cons:
Monthly HOA Dues: The property is subject to a $361.00 monthly association fee, which adds to the overall cost of ownership and must be factored into the budget.

Compared to the nearby listings

Price:$349.5K vs avg $558.0K ($-208,490)8%
Size:949 sqft vs avg 1,547 sqft8%
Price/sqft:$368 vs avg $41115%

More Insights

Built in 1984 (42 years old).
Condition: Built in 1984, the property shows its age with dated finishes throughout. The kitchen features original-style dark wood cabinets, worn laminate countertops, and an older white gas range, indicating a need for a full renovation. The main living areas have large square ceramic tiles with wide, discolored grout lines, which are functional but outdated. While the description mentions 'some updates,' the visual evidence suggests these were not extensive or recent enough to modernize the home. The property appears well-maintained externally and within the community, but the interior, particularly the kitchen and flooring, requires substantial cosmetic updates to meet current standards. It is livable but shows clear signs of being outdated.
Year Built
1984
Close
-
List price
$350K
Original List price
$349K
Price/Sqft
$368
HOA
$361
Days on market
-
Sold On
-
MLS number
MC26006526
Home ConditionFair
Features
ViewNeighborhood

About this home

Opportunity to OWN with GRANT Money/Loan Programs Available, Home Payment almost cheaper than rent! If Buyer Qualifies: $160,000 LIPA PROGRAM as well additional Grant Funds up to $50,000. Ask your LENDER! The Home Opportunity that you've been waiting for. Welcome to the Gate Community of Forest Park Village! Home has had some updates and is ready for homeowner decor! Private Detached 2-Car Garage. Private fenced in Front Garden Patio. Make this home your own and Build Some Security for Retirement. Well-manicured grounds and an inviting pool for exercise! Home has a functional layout with all bedrooms upstairs, safely keep window open while you sleep. Convenient to Martin Luther Community Hospital/Drew Magnet High School of Medicine & Science, Charles R. Drew University, Magic Johnson Park and of course your travel pleasure, Compton Airport. Enjoy the Peace and Privacy of a Gated Community at an Affordable Price in Beautiful Southern California. Located near shops, dining and easy access to major freeways including the 91, the 105 and the 110, making commuting a breeze. Don't miss out on this fantastic opportunity to own your own place. If you are still renting, you seriously need to check this home out! Thank you.

D
Dawn Stanley
Listing Agent

Price History

Date
Event
Price
03/01/12
Sold
$61,500
11/28/06
Sold
$225,000
07/31/03
Sold
$127,000
Condition Rating
Fair
Built in 1984, the property shows its age with dated finishes throughout. The kitchen features original-style dark wood cabinets, worn laminate countertops, and an older white gas range, indicating a need for a full renovation. The main living areas have large square ceramic tiles with wide, discolored grout lines, which are functional but outdated. While the description mentions 'some updates,' the visual evidence suggests these were not extensive or recent enough to modernize the home. The property appears well-maintained externally and within the community, but the interior, particularly the kitchen and flooring, requires substantial cosmetic updates to meet current standards. It is livable but shows clear signs of being outdated.
Pros & Cons

Pros

Exceptional Financial Incentives: Access to significant grant money and loan programs (e.g., $160,000 LIPA, up to $50,000 additional grants) drastically reduces the cost of homeownership, making it highly accessible.
Gated Community Living: Located within the secure Forest Park Village, offering peace, privacy, well-maintained grounds, and a community pool for residents.
Strategic Location & Accessibility: Conveniently situated near essential amenities like hospitals, universities, parks, and major freeways (91, 105, 110) for effortless commuting and access to services.
Private Outdoor & Parking: Features a private fenced front garden patio and a private detached 2-car garage, enhancing lifestyle and convenience for residents.
Affordable Southern California Homeownership: Presents a rare opportunity to own a home in Southern California at an accessible price point, especially when combined with available financial aid programs.

Cons

Monthly HOA Dues: The property is subject to a $361.00 monthly association fee, which adds to the overall cost of ownership and must be factored into the budget.
Compact Living Space: With 949 square feet, the interior living area is relatively modest, potentially limiting space for larger households or extensive entertaining.
Aging Infrastructure Potential: Built in 1984, despite 'some updates,' the property may still have original systems or components that could require future maintenance or replacement, impacting long-term costs.
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