tomo logo

$699,000

Beds
4
Baths
2.0
sq ft
2,395

4426 Oil Well Rd, Phelan, CA 92371

4426 Oil Well Rd

Phelan, CA 92371

  • 60 days on market
    • Price drop $100,000↓
In the digital transformation era, we are proud and happy to introduce 4426 Oil Well RD Phelan, where you can enjoy the well-being of rural life while achieving your dreams of logistics and other businesses. This home, perfect for the industrial era of technological advancement and the restructuring of all fields, is the ideal choice for those who want peace in nature and economic stability. Start a new life in this home where beautiful scenery and luxurious interior design are in harmony. We have summarized the Property with over 100 advantages as follows. - Residential: 1. Large lot: Located on a large ridge of about 5.68 acres, it is located in an independent location, allowing you to enjoy privacy and leisurely living. (Video;clik on 360 degrees at the bottom right of the Google map.& Photos) 2. Floor Plan: 2395 SF; 4Be / 2Ba, Extra 4 rooms (Office/Den, Walk-in Closets, Food Storage, Laundry Pantry). An electricity 200 Amp Panel is installed, which is enough for domestic use. - Warehouse & Business Space: 1, Passive Warehouse: Internal concrete, ceiling structure with reinforced H beams, high ceiling, 3 separate spaces. 2, Electrical Installation: 400 Amp Panel is installed, suitable for business use, and for logistics/online business or other business activities. - Carport: Commercial use with height of 20 FT installed with reinforced H beams. Water supply system: 1. Own well: Install your own well for independent water supply. 2. 7,000-gallon water tank for water delivery. - Location: 1. Convenient transportation: It is located about 7 miles from HWY 15 to HWY 138, so it is easily accessible (see Direction) 2. Feng Shui: Believe it or not, the residents of this area, called “West Cajon Valley,” enjoy high self-esteem, long-standing generation-after-generation families, and economic stability. Therefore, real estate in the market is very rare. 3. From here, there is entry 2HWY to Wrightwood Ski Resort, which is 3 miles away, and you can experience not only winter leisure skiing, but also the beautiful natural scenery of the summer valley water and the Angeles crest Highway drive course that naturally draws admiration.

Details

Property type

Single Family Residence

Est. home value

$604,152

Property condition

New Construction

Lot size

5.68 acres

Price per sq ft

$292

Year built

2003

HOA

No

Price History

10/30/2024
CRMLS

CRMLS #HD24181992

Price change
$699,000
-12.52%
09/04/2024
CRMLS

CRMLS #HD24181992

Listed
$799,000
+100.25%
01/11/2019
CRMLS

CRMLS #EV18057746

Sold
$399,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

High school district: 

Snowline Joint 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

$515,718
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$127,362
Cash to seller
$515,718

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

Seller’s Loan History

Lender

Aaa Capital Investment Inc

Loan start date

December 2018

Original loan amount

$141,467

Est. remaining balance

$127,362

Interest rate

4.85%

Loan type

New Conventional, 30 year

Seller

Kevin L Lee and Stacey Lee

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: 11/03/2024 at 4:45 AM

Listing updated: 10/31/2024 at 8:40 AM

Listed by: Vivian Lee, Coldwell Banker Best Realty Phone #: (714) 451-1700

MLS: CRMLS #HD24181992

CRMLS logo

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