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$490,000

Beds
4
Baths
2.0
sq ft
2,176

318 Townsend St, Lake Elsinore, CA 92530

318 Townsend St

Lake Elsinore, CA 92530

  • 144 days on market
    • Price drop $40,000↓
This is a beautiful 4 Bedroom, 2 Bathroom property. Located a short walk from the Lake, where you can enjoy water sports, fishing or just relaxing by the water. This property is on a permanent foundation with a large lot ideal for family gatherings, barbeques or entertaining family and friends. Inside you will enjoy a cozy fireplace in the living room. Kitchen includes an island and breakfast counter. A lot of cabinet space. The master bedroom includes a walk-in closet and master bath with a large soaking tub. Individual Laundry room and a 2 car attached garage with direct access and room to park your Ry's. Property has a 20yr Solar Energy System Agreement in place.18 yrs left. $172.05 per month. Buyer must assume solar loan agreement.

Details

Property type

Manufactured On Land

Est. home value

$508,825

Lot size

9,148 sq ft

Price per sq ft

$226

Year built

2006

HOA

No

Price History

12/05/2024
CRMLS

CRMLS #CV24168737

Price change
$490,000
-7.55%
08/14/2024
CRMLS

CRMLS #CV24168737

Listed
$530,000
+2.71%
06/27/2022
CRMLS

CRMLS #PW22082661

Sold
$516,000

Schools & Community

Elementary school: 

Elsinore

Middle school: 

Elsinore

High school: 

Temescal Canyon

Community features: 

Sidewalks, Park

High school district: 

Lake Elsinore 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

-$34,585
Asking price
$490,000
Closing costs (~8% of asking)
-$39,200
Est. remaining loan balance
-$485,385
Cash to seller
-$34,585

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 Corp

Loan start date

May 2022

Original loan amount

$506,653

Est. remaining balance

$485,385

Interest rate

4.67%

Loan type

FHA, 30 year

Seller

Alfredo Munoz Serrano

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: 01/05/2025 at 1:10 AM

Listing updated: 12/30/2024 at 12:58 AM

Listed by: Nicholas Schwartz, Platinum Realty & Mortgage Gro Phone #: (626) 246-0040

MLS: CRMLS #CV24168737

CRMLS logo

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