tomo logo

$220,000

Beds
2
Baths
1.0
sq ft
882

3521 Rainbow Ln, Highland, CA 92346

3521 Rainbow Ln

San Bernardino, CA 92346

  • 35 days on market
    • Price drop $15,000↓
EXCELLENT CASH FLOW AND CAP RATE FOR THIS VERY NICE TWO STORY CONDO. INCLUDES SPACIOUS 2 BEDROOMS AND ONE BATH. CENTRAL HEATING AND CENTRAL AIR CONDITIONING. GRANITE COUNTERS IN KITCHEN AND TILE FLOORS THRU-OUT FIRST FLOOR. ONE SHARED GARAGE AND ONE ASSIGNED PARKING SPACE. THIS IS ONE OF FOUR UNITS BEING SOLD. CAN BE PURCHASED TOGETHER OR SEPARATELY. CLOSE TO SHOPPING AND TRANSPORTATION. AMENITIES INCLUDES POOL AND LAUNDRY FACILITIES. HOA INCLUDES WATER AND TRASH. EXCELLENT PAYING TENANT IN PLACE

Details

Property type

Condominium

Est. home value

$240,487

Lot size

882 sq ft

Price per sq ft

$250

Year built

1969

Monthly HOA fee

$400

Price History

09/03/2024
CRMLS

CRMLS #SW24168208

Price change
$220,000
-6.38%
08/14/2024
CRMLS

CRMLS #SW24168208

Listed
$235,000

Schools & Community

Neighborhood: 

Amber Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

High school district: 

San Bernardino City Unified

Number of units in community: 

260

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

$98,346
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$104,054
Cash to seller
$98,346

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

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

January 2022

Original loan amount

$110,250

Est. remaining balance

$104,054

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Soeun Rentals Llc

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: 09/18/2024 at 4:55 PM

Listing updated: 09/03/2024 at 2:45 PM

Listed by: Rita Albezer, Cross Keys Realty Phone #: (951) 973-9333

MLS: CRMLS #SW24168208

CRMLS logo

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