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$449,000

Beds
4
Baths
3.0
sq ft
3,150

1861 Calaveras Rd, Pinon Hills, CA 92372

1861 Calaveras Rd

Pinon Hills, CA 92372

  • 1 day on market
**Investor Opportunity 4 Bedroom, 3 Bath Home in Need of Repair**This spacious 4 bedroom, 3 bath home offers an excellent opportunity for investors. The property has sustained significant damage from a broken pipe under the kitchen sink, impacting multiple areas of the house. Due to the extent of the damages, the seller is unable to make repairs and can no longer continue mortgage payments. This home is being sold as-is and requires a cash deal.**Important Notes:**- Short-sale property, subject to bank approval.- Significant repair work required, ideal for investors or buyers seeking a project.- No repairs will be made by the seller.Great potential to restore and renovate! Don't miss out on this opportunity to acquire a home with strong investment potential.

Details

Property type

Single Family Residence

Est. home value

$625,018

Lot size

2.4 acres

Price per sq ft

$143

Year built

2006

HOA

No

Price History

02/13/2025
CLAW

CLAW #25498513

Listed
$449,000
-30.76%
08/16/2023
CRMLS

CRMLS #GD23070007

Sold
$648,500
+37.1%
02/18/2021
CRMLS

CRMLS #WS21004229

Sold
$473,000
+19.75%

Schools & Community

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

-$192,357
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$605,437
Cash to seller
-$192,357

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

Seller’s Loan History

Lender

Nova Finance

Loan start date

August 2023

Original loan amount

$615,600

Est. remaining balance

$605,437

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Karen Mkrtchian

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: 02/15/2025 at 2:30 PM

Listing updated: 02/14/2025 at 2:40 PM

Listed by: Lyuba Baraghamyan, Keller Williams Studio City Phone #: (818) 432-1500

MLS: CLAW #25498513

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