tomo logo

$373,000

Beds
2
Baths
2.0
sq ft
800

111 Morongo Ave, Banning, CA 92220

111 Morongo Ave

Banning, CA 92220

  • 6 days on market
Beautiful Home with Endless Possibilities on a Large Lot! This newly renovated home sits on a large lot and offers incredible potential. Conveniently located near shopping, schools, churches, and with easy freeway access, this property is perfect for living, renting, or investing. With high-density zoning, you can maximize its potential and build up to five units. Whether you're looking for a place to call home or an investment with excellent returns, this property delivers on all fronts. Call today and explore the possibilities!

Details

Property type

Single Family Residence

Est. home value

$189,787

Lot size

0.29 acres

Price per sq ft

$467

Year built

1946

HOA

No

Price History

11/18/2024
CRMLS

CRMLS #CV24236052

Listed
$373,000
-4.36%
11/06/2024
CRMLS

CRMLS #CV24150183

Removed
$389,989
10/28/2024
CRMLS

CRMLS #CV24150183

Price change
$389,989
-1.52%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

High school district: 

Banning Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Private Money Lenders Inc

Loan start date

August 2023

Original loan amount

$47,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Green Compass Realty Inc

Lender

Jackie Truax Drakes Revocable Trust

Loan start date

May 2023

Original loan amount

$115,500

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Building or Construction Loan

Seller

Green Compass Realty Inc

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: 11/24/2024 at 5:40 AM

Listing updated: 11/19/2024 at 6:25 AM

Listed by: Steven Valverde, COLDWELL BANKER LEADERS Phone #: (626) 671-4100

MLS: CRMLS #CV24236052

CRMLS logo

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