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$2,695,000

Beds
3
Baths
2.5
sq ft
1,853

22475 Loch Lomond Dr, Canyon Lake, CA 92587

22475 Loch Lomond Dr

Canyon Lake, CA 92587

  • 18 days on market
UNIMAGINABLE……..1.56 acres centrally located within the gates of Canyon Lake, behind your own private gates!!!!All flat, usable fully fenced OASIS awaits its new owner. Completely remodeled 1800+ sqft 3 bedroom 3 bathroom home with open Floor plan, contemporary finishings and sweeping 180 degree views of the Main Lake and beyond. The exterior has all new concrete, courtyard, landscaping and for the car and toy enthusiast, there is over 2800 sqft of workshop/ RV garage (45’x21’ w/ 14x14 door) and (72’x26’ w/ 6 doors). This property has ample space to park over 50 cars and for your extended family and guests there are 3 RV campsites with full hook-ups. Ideal for a family compound, there is plenty of space to add an additional home or ADU should you need the additional living space. This property carries dual zoning (Commercial and Residential) allowing for endless opportunities.

Details

Property type

Single Family Residence

Est. home value

$2,023,244

Lot size

1.56 acres

Price per sq ft

$1,455

Year built

1960

Monthly HOA fee

$355

Price History

12/06/2024
CRMLS

CRMLS #SW24245357

Listed
$2,695,000
+34.75%
03/23/2022
CRMLS

CRMLS #IG21267985

Sold
$2,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Fishing, Golf, Stable(s), Lake

High school district: 

Lake Elsinore 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

$1,901,101
Asking price
$2,695,000
Closing costs (~8% of asking)
-$215,600
Est. remaining loan balance
-$578,299
Cash to seller
$1,901,101

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

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

February 2022

Original loan amount

$615,000

Est. remaining balance

$578,299

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Manish H Patel and Tajel Patel

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?

Similar Homes Nearby

CRMLS
$2,399,000
6 bd
|
3 ba
|
2,676 sq ft
|
House

22108 Vacation Dr, Canyon Lake, CA 92587

Status: Active

Tomo last checked: 12/24/2024 at 9:45 AM

Listing updated: 12/11/2024 at 1:40 PM

Listed by: Kris Hansen, Coldwell Banker Assoc.Brks-CL Phone #: (951) 244-1867

MLS: CRMLS #SW24245357

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