tomo logo

$1,200,000

Beds
8
Baths
5.0
sq ft
3,354

21981 Palm Ln, Perris, CA 92570

21981 Palm Ln

Perris, CA 92570

  • 76 days on market
***EXCITED to present this Great OPPORTUNITY!**** This property offers a perfect blend of spacious living and serene natural beauty. The main house features 5 bedrooms and 3 full bathrooms, providing plenty of space for family and guests. it boasts an open floor plan with a dream kitchen, including two cooking areas, spacious granite countertops, and a large island perfect for hosting gatherings. The kitchen large windows offer incredible hillside views. ***WOW, Let's talk OPPORTUNITY*** Whether you want to move in your family or generate additional income, this home is perfect. The guest House features 3 bedroom 2 bathrooms offering privacy and comfort. Main home is approximately 2154sqf and guest house 1200sqf Nested on 2.49 acres, this ranch- style estate not only includes the guest house, there are two additional trailer homes. one trailer is connected to its own sewer, water, power and propane, while the other has water and power. these trailers are currently rented out, generating income. The property is further enhanced with fully paid-for SOLAR Panels, offering energy efficiency and significant savings. according to the seller, the guest house is fully permitted. the two trailers are not permanent fixtures and are not fully permitted, but they still add value to the property, opening up opportunities for financial gain. This makes it a smart investment for offsetting your mortgage, funding future projects, or enjoying a passive income stream. Per seller the second Home is permitted, but the buyer/ buyer's agent must verify this by checking zoning, permits, and other details themselves. Agents do not warrant or guarantee this information.

Details

Property type

Single Family Residence

Est. home value

$1,213,299

Lot size

2.49 acres

Price per sq ft

$358

Year built

2012

Price History

09/04/2024
CRMLS

CRMLS #IV24183457

Listed
$1,200,000
-3.23%
07/31/2024
CRMLS

CRMLS #IV23150004

Removed
$1,240,000
08/11/2023
CRMLS

CRMLS #IV23150004

Listed
$1,240,000
+416.67%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Val Verde

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

$686,776
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$417,224
Cash to seller
$686,776

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

November 2020

Original loan amount

$457,000

Est. remaining balance

$417,224

Interest rate

2.88%

Loan type

VA, 30 year

Seller

Julio Cesar Mendoza Gaspar

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: 11/19/2024 at 3:40 AM

Listing updated: 10/07/2024 at 12:41 AM

Listed by: MARIA SERES, RE/MAX TIME REALTY Phone #: (909) 373-0880

MLS: CRMLS #IV24183457

CRMLS logo

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