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$1,299,000

Beds
3
Baths
2.0
sq ft
1,698

2297 Orchard Ave, El Cajon, CA 92019

2297 Orchard Ave

El Cajon, CA 92019

  • 3 days on market
    • Price drop $30,000↓
    • Open house Jul 06
Discover an unparalleled opportunity in El Cajon with this extraordinary property at 2297 Orchard. Nestled in the 92019 zip code, this rare, expansive 2.4-acre parcel of mostly level land offers endless possibilities for development and investment. Whether you're envisioning a large estate home on the elevated portion with stunning views, a flourishing farm or orchard, or multiple ADUs, this property can bring your dreams to life. The current home has been meticulously renovated to modern standards. It features a brand-new kitchen with contemporary finishes, updated baths, upgraded electrical systems, and new flooring throughout, all designed to enhance your living experience. This residence offers 3 spacious bedrooms, 2 pristine bathrooms, and additional bonus rooms that provide flexible living or working spaces. Multiple sheds on the property add significant value, including a substantial 500+ sqft shed with convenient driveway access, perfect for RV parking, storage, or workshop needs. This unique property is primed for the next owner or investor to unlock its full potential. The versatility of this land is its greatest asset. Imagine building your dream estate home with panoramic views, creating a sustainable farm or orchard, or developing multiple homes or ADUs to maximize your investment. The opportunities are vast and varied, making this a truly exceptional find in the heart of El Cajon. Don’t miss out on this one-of-a-kind chance to own a piece of prime real estate with unlimited potential. Seize the opportunity to build, expand, and create the lifestyle you’ve

Details

Property type

Single Family Residence

Est. home value

$780,131

Lot size

2.29 acres

Price per sq ft

$766

Year built

1952

Price History

07/06/2024
SanDiego

SanDiego #240015271

Price change
$1,299,000
-2.26%
07/03/2024
SanDiego

SanDiego #240015271

Listed
$1,329,000
+130.57%
07/24/2021
SanDiego

SanDiego #PTP2102450

Sold
$576,400

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

$475,343
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$719,737
Cash to seller
$475,343

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

Seller’s Loan History

Lender

Primelending

Loan start date

August 2023

Original loan amount

$726,200

Est. remaining balance

$719,737

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Leanora Toma and The Xavier Trust

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: 07/05/2024 at 11:25 PM

Listing updated: 07/05/2024 at 5:33 PM

Listed by: Nathan Abbo, Coldwell Banker West Phone #: (619) 303-3399

MLS: SanDiego #240015271

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