tomo logo

$1,500,000

Beds
3
Baths
3.0
sq ft
2,480

2995 Riverside Ter, Chino, CA 91710

2995 Riverside Ter

Chino, CA 91710

  • 34 days on market
    • Price drop $200,000↓
2 parcels! 1023-081-16-0000 is .79 acres and includes the residence 1023-081-17-0000 is 1.54 acres and is adjacent to and contiguous with the first parcel. The total square footage of both parcels is 2.33 acres. This single-story pool home with view offers gated entrance, was undergoing a complete remodel- and it is not quite finished! This home has a new AC/Heat, new 220 panel (ready for solar connection), new electrical wiring/outlets, wired for sound, extended wiring to exterior of home to support 4 cameras, electrical near well, new windows and doors, new copper plumbing throughout, recessed lighting, high ceilings... and more. The Owners made many great, useful features, such as placement of electrical and reconfiguration of rooms and bathrooms. Two "room extensions" were made (unpermitted) to add living space to the home. The well is functional for exterior watering. Long, circular driveway, mature trees, fenced backyard with larger, fenced property line, huge front patio with views. Family room with large window and fireplace. Formal living room opens to formal dining room, vaulted ceilings. Huge kitchen space offers double-height ceilings with tons of light and room for a spacious eating area. 3 bedrooms and 3 bathrooms.

Details

Property type

Single Family Residence

Est. home value

$1,073,366

Lot size

2.33 acres

Price per sq ft

$605

Year built

1955

HOA

No

Price History

10/31/2024
CRMLS

CRMLS #IV24217884

Price change
$1,500,000
-11.76%
10/21/2024
CRMLS

CRMLS #IV24217884

Listed
$1,700,000
+41.67%
07/26/2022
CRMLS

CRMLS #CV22117103

Sold
$1,200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

High school district: 

Chino Valley 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

$437,289
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$942,711
Cash to seller
$437,289

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

Seller’s Loan History

Lender

5Th Street Capital Inc

Loan start date

June 2022

Original loan amount

$960,000

Est. remaining balance

$942,711

Interest rate

5.3%

Loan type

New Conventional, 40 year

Seller

Jessica Marquez and Ken Berrios

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: 11/23/2024 at 8:10 PM

Listing updated: 10/31/2024 at 3:45 PM

Listed by: SCOTT TUCKER, PROVIDENCE REALTY Phone #: (951) 789-1058

MLS: CRMLS #IV24217884

CRMLS logo

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