tomo logo

$1,488,888

Beds
5
Baths
4.5
sq ft
3,441

19874 E Lorencita Dr, Covina, CA 91724

19874 E Lorencita Dr

Covina, CA 91724

  • 10 days on market
    • Open house Oct 12
VIEW, VIEW, VIEW! Rare Opportunity for Cash buyers! Purchase and re-build this fire damaged home. Your Dream to build your own amazing city-light view mansion nestled High Above at the end of a private road 19874 Lorencita, This home boast AMAZING VIEWS, Exceptional Space and PRIVACY! Bonus room downstairs for a true mother-in-law suite. Split levels with separate entrances. 3441 Sqft home on a 1.34 Acre lot. Whether you choose to build your dream home or capitalize on the potential for a lucrative sale opportunity upon completion, this property promises a lucrative investment in a thriving community. Act now to seize this ready-to-develop Gem! As per county assessor, buyer to verify all existing square footage and with build and safety planning all new approved plans.

Details

Property type

Single Family Residence

Est. home value

$1,654,045

Property condition

Fixer

Lot size

1.3369 acres

Price per sq ft

$433

Year built

1937

Price History

10/01/2024
CRMLS

CRMLS #PW24109139

Removed
$1,488,888
10/01/2024
CRMLS

CRMLS #PW24203294

Listed
$1,488,888
09/19/2024
CRMLS

CRMLS #PW24109139

Price change
$1,488,888
-0.74%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Fishing, Golf, Park, Street Lights, Sidewalks

High school district: 

Covina Valley 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

$441,344
Asking price
$1,488,888
Closing costs (~8% of asking)
-$119,111
Est. remaining loan balance
-$928,433
Cash to seller
$441,344

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

Seller’s Loan History

Lender

Fidelity Lending Solutions Inc

Loan start date

March 2022

Original loan amount

$975,000

Est. remaining balance

$928,433

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Baolian Kuang and Zhisheng Huang

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: 10/11/2024 at 5:30 AM

Listing updated: 10/10/2024 at 7:10 AM

Listed by: Jason Niu, Pacific Sterling Realty Phone #: (949) 222-9911

MLS: CRMLS #PW24203294

CRMLS logo

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