tomo logo

$639,900

Beds
4
Baths
2.0
sq ft
1,578

1487 Valencia Ave, San Bernardino, CA 92404

1487 Valencia Ave

San Bernardino, CA 92404

  • 15 days on market
Seller will respond within 48 hours! Discover the potential of this NEWLY remodeled DREAM HOME – an incredible investment opportunity offering the potential of two homes in one! Live in one and rent out the other, generating rental income. Fully remodeled with outstanding upgrades, this property is located in a peaceful neighborhood within walking distance of Pacific High School. The main house features 3 bedrooms and 1 bathroom, while the guest house includes 1 bedroom and 1 bathroom—ideal for extended family or as a rental income opportunity. Both homes boast new kitchen cabinets and countertops in an open, inviting layout perfect for gathering and entertaining. Key property highlights include: 1.-Completely replaced plumbing system in 2022 2.-New roof installed in 2023 3.-New dual-pane, energy-efficient windows 4.-Laminate flooring throughout both homes 5.-Beautifully remodeled bathrooms with updated fixtures 6.-New light and plumbing fixtures throughout Additionally, this property features a spacious garage with ADU potential, abundant front parking, and a large backyard, perfect for hosting guests and gatherings. Situated in an excellent location in San Bernardino, this property offers exceptional convenience and lifestyle amenities. Don’t miss this chance to view a home that’s ready to become your dream home or next great investment!

Details

Property type

Single Family Residence

Est. home value

$550,597

Property condition

Updated/Remodeled

Lot size

6,765 sq ft

Price per sq ft

$406

Year built

1950

HOA

No

Price History

11/09/2024
CRMLS

CRMLS #CV24226049

Listed
$639,900
+19.61%
06/20/2022
CRMLS

CRMLS #IV22086391

Sold
$535,000

Schools & Community

Neighborhood: 

Perris Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Bernardino City 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

$109,300
Asking price
$639,900
Closing costs (~8% of asking)
-$51,192
Est. remaining loan balance
-$479,408
Cash to seller
$109,300

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

Seller’s Loan History

Lender

Royal Pacific Funding Corp

Loan start date

May 2022

Original loan amount

$498,750

Est. remaining balance

$479,408

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Vincente Lopez Velazquez and Maria Y Dominguez

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 7:45 AM

Listing updated: 11/17/2024 at 3:55 PM

Listed by: Ariel Alamillo, OPTION ONE REAL ESTATE Phone #: (909) 980-1130

MLS: CRMLS #CV24226049

CRMLS logo

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