tomo logo

$1,049,000

Beds
5
Baths
3.0
sq ft
2,053

1121 E Mission Ave, Escondido, CA 92025

1121 E Mission Ave

Escondido, CA 92025

  • 117 days on market
Range price: $899K - $1,049K. Dont miss out on this incredible investment opportunity! Own a beautiful income-producing property in the highly sought-after area of Escondido. This property features a single-family home plus a 2-bedroom ADU (Accessory Dwelling Unit), offering excellent potential for generating steady rental incomemaking it a smart choice for any savvy investor. The property is set up for AirBnB and similar platforms, making short-term rentals an option. Currently, it is being rented through AirBnB, Vrbo, and Evolve, and it will be sold furnished. The open-concept main home and ADU were remodeled in 2021 with a permit. The ADU includes its own entrance, private yard, and full kitchen, complete with custom quartz countertops and stainless steel appliances (including two refrigerators, two stoves, one dishwasher, and one microwave). Both units have their own washer and dryer. Additional features include a detached 2-car garage and a roof replaced in 2022, ensuring peace of mind for years to come. The home's convenient location across from Grove Park's playground makes it easy to enjoy the great outdoors. Please note that some of the pictures are from last year, so you may see slight upgrades in reality.

Details

Property type

Townhouse

Est. home value

$1,093,584

Lot size

6,500 sq ft

Price per sq ft

$511

Year built

1959

Price History

07/26/2024
CRMLS

CRMLS #PTP2302148

Removed
$1,049,000
07/20/2024
CRMLS

CRMLS #PTP2302148

Price change
$1,049,000
-4.55%
07/18/2024
CRMLS

CRMLS #PTP2302148

Removed
$1,099,000

Schools & Community

Neighborhood: 

Rustic

Elementary school: 

Escondido Union School District

Middle school: 

Escondido Union School District

High school: 

Escondido Union High School District

Number of units in community: 

1

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

$591,692
Asking price
$1,049,000
Closing costs (~8% of asking)
-$83,920
Est. remaining loan balance
-$373,388
Cash to seller
$591,692

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2020

Original loan amount

$412,500

Est. remaining balance

$373,388

Interest rate

3.68%

Loan type

New Conventional, 30 year

Seller

Sahar Naeemi Noroleh

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?

Status: Active

Tomo last checked: 11/08/2024 at 10:40 AM

Listing updated: 11/01/2024 at 1:23 PM

Listed by: Sahar Naeemi Noroleh, Phone #: (858) 503-1220

MLS: SanDiego #PTP2404463

SanDiego logo

Recently listed in Escondido

$1,259,000|3 bd|2.0 ba|House
$1,749,000|6 bd|4.0 ba|House
$1,299,000|3 bd|3.0 ba|House
$2,395,000|5 bd|4.5 ba|House
$269,000|2 bd|2.0 ba|Manufactured