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$891,640Estimated home value

Beds
4
Baths
5.25
sq ft
3,018

29069 Cedar Ter, Cedar Glen, CA 92321

29069 Cedar Ter

Cedar Glen, CA 92321

  • Sold On 8/25/2021
Welcome to opportunity - Cedar Glen 4 bedroom 3 bath home with over 3000sqft of living space. Short term rental history with over 30k per year in documented rental income received all while sellers lived full time in property. Located in the quiet area of Cedar glen this home is conveniently located to Lake Arrowhead shops and commuter friendly to the inland empire. Property features a 2 car garage and stepped entry with outside patio to the second level main floor. Upon entering the home you will find a large living room, dining area, large kitchen and 2 bedrooms, one being the primary bedroom suite complete with fireplace, walk in closet and a full bathroom. The second floor or third level is complete with private entry that leads up to the third floor "apartment" featuring 2 large bedrooms, living room, full bath and kitchen perfect for extended family or vacation rental opportunity. The ground level floor of the home is set up with 2 car garage, work shop area and large storage room great for workshop or extra storage.

Details

Property type

Single Family Residence

Est. home value

$891,640

Lot size

7,640 sq ft

Price per sq ft

$141

Year built

1965

Price History

03/01/2025
CRMLS

CRMLS #P1-18936

Removed
$599,000
12/05/2024
CRMLS

CRMLS #P1-18936

Price change
$599,000
-14.31%
10/09/2024
CRMLS

CRMLS #P1-18936

Price change
$699,000
-6.68%

Schools & Community

Neighborhood: 

Cedar Glen

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing

High school district: 

Rim of the World

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

$4,087
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$386,913
Cash to seller
$4,087

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

Seller’s Loan History

Lender

Genhome Mortgage Corporation

Loan start date

July 2021

Original loan amount

$420,481

Est. remaining balance

$386,913

Interest rate

2.99%

Loan type

FHA, 30 year

Seller

Lusine Melkonyan

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: Off Market

Tomo last checked: 04/04/2025 at 3:00 AM

Listing updated: 07/19/2024 at 3:16 PM

Listed by: ALAN SARRAIL, KELLER WILLIAMS-LA QUINTA Phone #: (760) 601-3000

MLS: CRMLS #EV21114970

CRMLS logo

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