tomo logo

$490,000

Beds
3
Baths
2.0
sq ft
1,161

24410 Locust St, Menifee, CA 92584

24410 Locust St

Menifee, CA 92584

  • 32 days on market
    • Price drop $40,000↓
Big price reduction !!!Don't miss the opportunity !Country living near the city !! Great property with a lot of potential . This property is 3 bedrooms, 2 bathrooms totally remodel. One parcel is two lots . New pipes and fixtures, new kitchen, new electrical panel. Each bedroom with mini splits cooling/heating system. There is a separate storage in the back of the house near to the well. The second lot it can be use to build another property. The possibilities are endless, you can have animals or storage equipment.

Details

Property type

Single Family Residence

Est. home value

$444,389

Lot size

0.42 acres

Price per sq ft

$423

Year built

1967

Price History

06/19/2024
CRMLS

CRMLS #DW24113200

Price change
$490,000
-7.55%
06/04/2024
CRMLS

CRMLS #DW24113200

Listed
$530,000
+19.91%
09/26/2023
CRMLS

CRMLS #SW23129836

Sold
$442,000
+149.72%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Menifee Valley

High school: 

Unknown

High school district: 

Menifee Union

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

$100,287
Asking price
$490,000
Closing costs (~8% of asking)
-$39,200
Est. remaining loan balance
-$350,513
Cash to seller
$100,287

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

Seller’s Loan History

Lender

Royal Pacific Funding Corp

Loan start date

August 2023

Original loan amount

$353,600

Est. remaining balance

$350,513

Interest rate

6.81%

Loan type

New Conventional, 30 year

Seller

Alejandro Torres Sanchez

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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$450,000
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|
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|
1,120 sq ft
|
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23551 Casa Bonita Ave, Menifee, CA 92587

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CRMLS
$435,000
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Manufactured

24921 Fir St, Menifee, CA 92584

Status: Active

Tomo last checked: 07/05/2024 at 8:45 PM

Listing updated: 06/21/2024 at 3:23 PM

Listed by: Bertha Tapia-jaramillo, Dynasty Real Estate Phone #: (909) 605-2500

MLS: CRMLS #DW24113200

CRMLS logo

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