tomo logo

$2,412,000

Beds
6
Baths
4.5
sq ft
5,013

38830 Mesa Rd, Temecula, CA 92592

38830 Mesa Rd

Temecula, CA 92592

  • 313 days on market
Seller Financing is Available. Welcome to Olive Manor. The romantic, English Tudor estate property in the heart of the Temecula Valley Wine Country! Take the long, dreamy drive up to this European masterpiece that is right where it belongs in Southern California's Tuscany. The incredibly manicured and lush 2.58 acres is filled with 75 producing olive trees, 12 grapefruit trees and large, mature eucalyptus and sycamore trees, which create a pleasant peek-a-boo view of Olive Manor as you enter this gated 5,000 square foot estate. The massive pebble tech pool and spa are the centerpiece of this entertainer's dream backyard with outdoor kitchen and covered patio dinning. The tiered upper and lower lawns are perfect for lawn games and wedding parties. On the interior, the large library with vaulted ceilings and a medieval-style chandelier steals the show, along with the chef's kitchen complete with dual sinks, dual microwaves and dual ovens and a massive double fridge and freezer. The kitchen also includes a large built in icemaker and wine chiller. Upstairs the massive primary suite has a private deck and separate tub and shower combo. The home also boasts 3 fireplaces, hundreds of feet of vinyl fencing, including privacy fencing. The property also has a large dog run, a tack room built in 2016 with roughed-in electrical and plumbing, professionally installed irrigation systems, and a large detached shed also with roughed-in plumbing. No HOA. Short-term rental possibilities. Inquire with seller/county. Furniture can be purchased on separate bill of sale.

Details

Property type

Single Family Residence

Est. home value

$2,131,639

Lot size

2.58 acres

Price per sq ft

$482

Year built

1991

Price History

11/11/2023
CRMLS

CRMLS #TR23209151

Listed
$2,412,000
+26.95%
09/15/2021
CRMLS

CRMLS #IG21158420

Sold
$1,900,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Lake

High school district: 

Temecula 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

$853,746
Asking price
$2,412,000
Closing costs (~8% of asking)
-$192,960
Est. remaining loan balance
-$1,365,294
Cash to seller
$853,746

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

Seller’s Loan History

Lender

Oaktree Funding Corp

Loan start date

July 2021

Original loan amount

$1,425,000

Est. remaining balance

$1,365,294

Interest rate

2.99%

Loan type

New Conventional, 40 year

Seller

Kacy Frey Properties 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 5:10 PM

Listing updated: 09/18/2024 at 6:58 AM

Listed by: Jonathan Minerick, Homecoin.com Phone #: (888) 400-2513

MLS: CRMLS #TR23209151

CRMLS logo

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