tomo logo

$1,700,000

Beds
4
Baths
3.0
sq ft
4,200

242 Summit Rd, La Verne, CA 91750

242 Summit Rd

La Verne, CA 91750

  • 11 days on market
Now available, A1 Zoned Horse / Agricultural Property located in the prestigious Live Oak Canyon. In addition to the generous open floor plan of 4200 sq ft this home sits on over 1/3 of an acre. The grounds offer many outdoor sitting areas, a secluded cat retreat, a chicken coop for your fresh eggs and a massive 1000 sq ft barn. The barn is directly connected to a master planned bridle path which leads into the foothill trail systems providing backyard access for horseback riding, hiking and mountain biking. At the top of the driveway the 44x17 garage provides for ample parking, workshop space ETC. including a 240V service and a soft water supply for spot free car washes. As you enter the house, you will walk into a massive well-it room accompanied by an adjacent seating area and a fantastic view out the front bay window that is afforded to you by this home’s elevated position. The sprawling gourmet kitchen, breakfast bar, coffee bar, center island, Viking appliances, full pantry room, dual refrigerators and large dining room adorning one of this homes five fireplaces serves as the heart. The den boast a beautifully carved “L” shaped bar which seats 7and provides for displayed mirrored and illuminated storage of your bottles while dry and cooled storage is provided for your wines and beer. The entertainment area includes a professional pool table and custom cabinetry that encloses your theater systems and up to a 73” TV. The list goes on and although everything cannot be captured in this brief narrative, one of the bedrooms on this property provides a separate entrance, living quarters, bathroom and private patio which is perfect for in-laws or additional income opportunities. And finally, this home’s roof and plumbing was fully replaced in 2023!!So much to see with this beautiful house. Let's take a tour!

Details

Property type

Single Family Residence

Est. home value

$1,100,059

Lot size

0.3806 acres

Price per sq ft

$405

Year built

1969

Price History

09/21/2024
CRMLS

CRMLS #CV24196877

Listed
$1,700,000
+79.14%
02/24/2021
CRMLS

CRMLS #CV20192351

Sold
$949,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$867,950
Asking price
$1,700,000
Closing costs (~8% of asking)
-$136,000
Est. remaining loan balance
-$696,050
Cash to seller
$867,950

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

$696,050

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: 10/02/2024 at 3:30 AM

Listing updated: 09/30/2024 at 9:01 AM

Listed by: Barbara Jimenez, WHEELER STEFFEN SOTHEBY'S INT. Phone #: (909) 624-1617

MLS: CRMLS #CV24196877

CRMLS logo

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