tomo logo

$2,000,000

Beds
2
Baths
1.0
sq ft
1,164

27211 Cypress St, Highland, CA 92346

27211 Cypress St

Highland, CA 92346

  • 6 days on market
Unlock the potential of this expansive 3.9 acre flat lot, ideally located for major residential development projects. This parcel, with convenient proximity to new growth areas including a proposed Costco and the expansion of the San Bernardino Airport, is well-suited for condominiums, townhomes, or apartment complexes. Enjoy the advantage of being just minutes from major freeways, public transit, and shopping hubs, making it a prime location for future residents. Adjacent Opportunity with the neighboring 3.6-acre lot also available for sale creating a combined development possibility of over 7.5 acres. The existing structure holds no value, making this a true land value investment. Don’t miss the chance to shape the future of this up-and-coming area with a large-scale residential project.

Details

Property type

Single Family Residence

Est. home value

$1,991,613

Lot size

3.9323 acres

Price per sq ft

$1,719

Year built

1949

HOA

No

Price History

11/08/2024
CRMLS

CRMLS #SW24230843

Listed
$2,000,000
+11.11%
08/27/2024
CRMLS

CRMLS #SW24035426

Removed
$1,800,000
02/20/2024
CRMLS

CRMLS #SW24035426

Listed
$1,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Suburban, Sidewalks

High school district: 

San Bernardino City 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

$1,684,026
Asking price
$2,000,000
Closing costs (~8% of asking)
-$160,000
Est. remaining loan balance
-$155,974
Cash to seller
$1,684,026

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

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

July 2019

Original loan amount

$174,000

Est. remaining balance

$155,974

Interest rate

3.82%

Loan type

New Conventional, 30 year

Seller

Dee Dorothy Van Hoesen and Amy Lynne Arnette

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: 11/14/2024 at 7:50 AM

Listing updated: 11/14/2024 at 6:40 AM

Listed by: Grace Carter, Spectrum Capital Group Phone #: (951) 905-8718

MLS: CRMLS #SW24230843

CRMLS logo

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