tomo logo

$1,150,000

Beds
4
Baths
3.75
sq ft
3,512

16612 Edge Gate Dr, Riverside, CA 92504

16612 Edge Gate Dr

Riverside, CA 92504

  • 57 days on market
Welcome to your serene oasis in Riverside, CA. This gorgeous home offers the perfect blend of privacy, elegance, and nature. Step inside to find stunning new white porcelain flooring on the first floor and sleek laminate flooring upstairs, creating a modern and inviting atmosphere. Nestled on an elevated promontory lot, this home is surrounded by mature California Pepper Trees that add charm and character to the property. Enjoy gentle breezes and breathtaking sunset views from your spacious lanai, perfect for unwinding after a long day. The layout is ideal for both family life and entertaining, with large formal living and dining rooms, a cozy study with a two-way fireplace, and a spacious family room that opens to the island kitchen. The luxurious master suite provides access to the second-level lanai, where you can take in the serene surroundings. This home boasts solar panels, it's own private orchard, filled with citrus trees, avocados, pomegranates, and grapevines, offering the delightful scents of sage and citrus blossoms year-round. The peaceful sounds of nature—streams, birds, and breezes—create a truly tranquil atmosphere. For the kids, there's a custom playhouse and a shaded ''Secret Kingdom'' to explore, while adults will appreciate the ample off-street parking and three-car tandem garage. Plus, the community offers horse trails and an equestrian center with stalls and a restroom. If your family are water lovers, Lake Mathews is located nearby as well!

Details

Property type

Single Family Residence

Est. home value

$1,139,774

Lot size

Unknown

Price per sq ft

$328

Year built

2003

Monthly HOA fee

$90

Price History

10/09/2024
DesertArea

DesertArea #219117446

Listed
$1,150,000
-4.09%
07/31/2024
CRMLS

CRMLS #CV24097834

Removed
$1,199,000
06/13/2024
CRMLS

CRMLS #CV24097834

Price change
$1,199,000
-5.96%

Schools & Community

Neighborhood: 

Woodcrest

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$260,877
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$797,123
Cash to seller
$260,877

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

Seller’s Loan History

Lender

New Wave Lending Group Inc

Loan start date

June 2022

Original loan amount

$825,000

Est. remaining balance

$797,123

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Manuel Gracida Davalos and Maria Liduvina Davalos

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: 11/23/2024 at 8:50 PM

Listing updated: 11/08/2024 at 3:20 PM

Listed by: Alejandro Perez-Munoz, I Heart Real Estate, Inc. Phone #: (408) 230-4916

MLS: DesertArea #219117446

DesertArea logo

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