tomo logo

$849,900

Beds
4
Baths
3.5
sq ft
3,393

1170 N Palm Ave, Hemet, CA 92543

1170 N Palm Ave

Hemet, CA 92543

  • 58 days on market
    • Price drop $25,000↓
* Motivated Seller * A rare opportunity exists to own this custom single level home sitting on 2.24 acres of flat usable land. Explore the 3D virtual tour link, which includes the floorplan of the home as well. The potential for this expansive gated property is limitless, offering a plethora of income-generating possibilities. From constructing a personalized ADU to providing RV parking and storage facilities, to transforming it into a prime horse property, the options are endless. The lot featrues 3 RV cleanouts, electrical power in rear lot, 8 water spigets, 4 gates to access the rear of the lot, a green house, 2 sheds & private gated entry. Upon stepping into the foyer, one immediately recognizes the presence of 10-foot ceilings that extend seamlessly throughout the entire home. You are greeted by open & bright formal living & dining spaces. The home opens into a spacious area seamlessly integrating the kitchen, family room, and casual dining space that brings a sense of space & comfort to this home. The kitchen features granite counter tops, custom cabinetry, walk in pantry, a kitchen island with utility sink and an oversized counter for convienant bar stool seating. The family room is spacious featuring a fireplace & mountain views. The home offers 4 spacious bedrooms, 3 full bathrooms & 1 guest bathroom. The spacious primary suite features a dual fireplace, 2 large walk in closets, a glass slider door leading to the backyard and a private retreat. Primary bathroom features dual separated sinks, jetted jacuzzi tub and a huge custom walk in shower equipped with dual shower heads. One of the bedrooms boasts an en suite full bathroom. Two of the bedrooms feature a Jack n Jill bathroom. All bedrooms include ceiling fans. Custom windows throughout the home. The backyard is an intrinsic part of the overall design of this home featuring an extended covered patio, a 40X50 patio slab with gazebo & enjoy the mountain views! The lot includes fruit trees, palm trees & a greenhouse. This custom home also features a oversized 3 car garage. This home is a MUST SEE with endless possibilites! Kindly remember to explore the 3D virtual tour link, which includes the floorplan of the home as well.

Details

Property type

Single Family Residence

Est. home value

$847,549

Lot size

2.24 acres

Price per sq ft

$251

Year built

2005

Price History

07/04/2024
CRMLS

CRMLS #SW24093223

Price change
$849,900
-2.86%
06/13/2024
CRMLS

CRMLS #SW24093223

Price change
$874,900
-0.01%
06/05/2024
CRMLS

CRMLS #SW24093223

Listed
$874,999

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Hemet Unified

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

$578,869
Asking price
$849,900
Closing costs (~8% of asking)
-$67,992
Est. remaining loan balance
-$203,039
Cash to seller
$578,869

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

Seller’s Loan History

Lender

Modern Mortgage Lending Inc

Loan start date

June 2022

Original loan amount

$225,000

Est. remaining balance

$203,039

Interest rate

4.52%

Loan type

VA, 15 year

Seller

Frank Charles Romano Jr and Linda Lee Romano

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?

Similar Homes Nearby

Price drop
CRMLS
$949,000
5 bd
|
5 ba
|
2,814 sq ft
|
House

551 S Lyon Ave, San Jacinto, CA 92582

Status: Active

Tomo last checked: 07/05/2024 at 8:30 PM

Listing updated: 07/04/2024 at 7:13 AM

Listed by: Jennifer Zepeda, Allison James Estates & Homes Phone #: (888) 446-5552

MLS: CRMLS #SW24093223

CRMLS logo

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