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$1,050,000

Beds
4
Baths
3.0
sq ft
2,255

16940 Calle Espuela, Riverside, CA 92504

16940 Calle Espuela

Riverside, CA 92504

  • 2 days on market
    • Open house Jun 30
WOODCREST- Located at the end of a quiet cul-de-sac in this highly sought after equestrian community is this recently updated Spanish ranch home! Over 2 acres of usable land currently utilized by the owner for his nursery business but also ideally utilized as equestrian or orchards. The lot is terraced into 4 large levels with the residence set at the end of the long driveway upon the third tier with views overlooking the property, neighborhood and hills and mountains beyond! Completely remodeled open-concept kitchen; All new flooring throughout; four spacious bedrooms, including two primary suites, one at each end of the house. Ample room for stables, paddocks or accessory dwelling unit (ADU) or additional garages or a pool or whatever your imagination conjures!

Details

Property type

Single Family Residence

Est. home value

$873,184

Lot size

2.21 acres

Price per sq ft

$466

Year built

1979

Price History

06/27/2024
CRMLS

CRMLS #IV24131879

Listed
$1,050,000
+23.53%
04/04/2022
CRMLS

CRMLS #WS22008753

Sold
$850,000

Schools & Community

Neighborhood: 

Woodcrest

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

High school district: 

Riverside 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

$535,702
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$430,298
Cash to seller
$535,702

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

March 2022

Original loan amount

$450,000

Est. remaining balance

$430,298

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Alexander Franco and Angela Franco

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: 06/29/2024 at 7:50 AM

Listing updated: 06/28/2024 at 6:44 AM

Listed by: BRAD ALEWINE, COMPASS Phone #: (951) 398-5081

MLS: CRMLS #IV24131879

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