tomo logo

$1,595,000

Beds
4
Baths
3.0
sq ft
4,200

242 Summit Rd, La Verne, CA 91750

242 Summit Rd

La Verne, CA 91750

  • 26 days on market
    • Price drop $85,000↓
Sprawling single story home situated on an elevated lot with a gated driveway. A manicured front yard with steps leads to a beautiful herringbone brick courtyard and the front entry door. The front door opens to a tiled foyer and to an spacious living room with open beam vaulted ceilings, picture windows overlooking the front yard, a fireplace with river rock surround, and an adjacent formal dining room just steps from the kitchen. The remodeled kitchen is oversized and offers rich wood cabinetry, top-of-the-line stainless appliances including double ovens, dual warming drawers, two refrigerators, and dishwasher drawers. The large center prep island with butcher block counters and a sink centers the kitchen's cooking area and is lit with pendant lighting. A peninsula also open to the kitchen, offers countertop seating and backs up to the large breakfast nook offering a custom fireplace, built-ins, and exposed beam ceilings. Step into the family room featuring tiled flooring, a full wall with a built-in media center, recessed lighting, surround sound, and windows overlooking the front yard. A show stopping custom built bar features plenty of seating, beautiful craftsmanship, a coffered ceiling with copper inlay, a refrigerator, glass shelving and an adjacent pool table with a hanging pool table light. The primary bedroom down the hall offers a fireplace, built-ins, a retreat with a built-in media center, vaulted ceilings, and French doors to the backyard. The ensuite primary bathroom offers a sink with plenty of countertops and storage space plus a shower/tub. There are three additional bedrooms downstairs, one with a built-in wet bar and patio, and one with an ensuite bathroom perfect for an in-law living quarters set up. Upstairs there is an open studio like room with an enclosed patio offering nice views. The attached tandem garage could hold up to four cars and there is a workshop adjacent. The backyard features artificial turf, two covered patios, a koi pond, a fire pit, and two additional structures. The barn offers a workshop area, a room used as a second entertainment room, and a chicken coop. The chicken coop extends to an outdoor area as well and the barn backs up and opens to the bridal path directly behind the property. The second detached structure is a redwood cabin, cozy inside but has a small room and a sitting room with a fireplace. The Boral concrete tile roof and PEX plumbing were recently installed and are still under warranty. Zoned A1

Details

Property type

Single Family Residence

Est. home value

$1,100,059

Property condition

Updated/Remodeled

Lot size

0.3806 acres

Price per sq ft

$380

Year built

1969

HOA

No

Price History

11/15/2024
CRMLS

CRMLS #CV24222489

Price change
$1,595,000
-5.06%
10/29/2024
CRMLS

CRMLS #CV24222489

Listed
$1,680,000
-1.18%
10/24/2024
CRMLS

CRMLS #CV24196877

Removed
$1,700,000

Schools & Community

Elementary school: 

La Verne Heights

Middle school: 

Ramona

High school: 

Bonita

Community features: 

Curbs, Street Lights

High school district: 

Bonita 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

$774,372
Asking price
$1,595,000
Closing costs (~8% of asking)
-$127,600
Est. remaining loan balance
-$693,028
Cash to seller
$774,372

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

January 2021

Original loan amount

$759,200

Est. remaining balance

$693,028

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Jeremy Moore and Lora Moore

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: 11/23/2024 at 9:45 PM

Listing updated: 11/15/2024 at 9:25 AM

Listed by: Nicholas Abbadessa, RE/MAX MASTERS REALTY Phone #: (909) 445-8100

MLS: CRMLS #CV24222489

CRMLS logo

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