tomo logo

$625,000

Beds
4
Baths
3.0
sq ft
2,208

29842 Penn St, Menifee, CA 92585

29842 Penn St

Menifee, CA 92585

  • 57 days on market
    • Price drop $15,000↓
Welcome to Heritage Lake community! You could be the newest home owner in this fabulous neighborhood. Pride of ownership definitely shows here! There is a bedroom and full bath downstairs. Upstairs there are 3 bedrooms and a large bonus room. Downstairs has mostly laminate flooring. The laundry room is situated downstairs. The open concept allows everyone to be able to mingle and chat while the chef does their stuff in the gourmet kitchen. The kitchen has granite countertops and backsplash, island with storage and bar seating, walk in pantry, 5 burner gas stove that all lends to a wonderful cooking experience. Enjoy the decorative electric fireplace in the living room. Outside you will find a bbq haven. The patio is covered with Alumawood and has two ceiling fans to keep you cool for those outside get togethers. Don't forget to check out that view! Heritage Lake presents an enviable resort lifestyle centered around the private lake and club facility with unsurpassed amenities and events. Offerings include 2 Jr. Olympic size pool perfect for cooling off or swimming laps, a fun and exciting Splash Park, a wading pool, 3 tot-lot playgrounds, paddleboats to explore the 25-acre lake, catch-and-release fishing, clubhouse facility available for rent, fitness trail lake path with exercise equipment, and exclusive community events to name a few. There is also a new shopping center being built nearby. Don't miss out on this gem!

Details

Property type

Single Family Residence

Est. home value

$606,322

Lot size

4,356 sq ft

Price per sq ft

$284

Year built

2020

Monthly HOA fee

$70

Price History

10/21/2024
CRMLS

CRMLS #IG24200051

Price change
$625,000
-2.34%
10/14/2024
CRMLS

CRMLS #IG24200051

Price change
$640,000
-1.54%
09/27/2024
CRMLS

CRMLS #IG24200051

Listed
$650,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Fishing, Lake

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

$176,240
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$398,760
Cash to seller
$176,240

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

March 2022

Original loan amount

$420,000

Est. remaining balance

$398,760

Interest rate

3.55%

Loan type

VA, 30 year

Seller

Derrick Ybarra and Veronica Ybarra

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: 11/22/2024 at 9:40 PM

Listing updated: 11/06/2024 at 9:10 AM

Listed by: LISA DOVIDDIO, Berkshire Hathaway Homeservices California Realty Phone #: (909) 583-9600

MLS: CRMLS #IG24200051

CRMLS logo

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