tomo logo

$945,000

Beds
2
Baths
2.0
sq ft
1,708

48823 Tamarisk Dr, Morongo Valley, CA 92256

48823 Tamarisk Dr

Morongo Valley, CA 92256

  • 13 days on market
Extraordinary Mountaintop Home: Striking location, perched atop a ridgeline with remarkable views. Proven track record as an Airbnb, with gross income of $151k in 2023 & $124k from Jan–Oct 2024, with an additional $20k+ in future bookings (Buyer to independently verify STR income). Paid off solar. Living room features a wall of glass – five huge windows, approximately 8 feet wide by 5 feet tall – framing snowcapped San Jacinto Mountain, the second tallest mountain in SoCal. Hawks fly past at eye level. Rock fireplace positioned at center of wall, for cozy, crackling fires, while looking out at the alpine conditions atop the nearby mountain peak. Above the kitchen sink/counter stands an additional large glass window facing north, providing yet more stunning views. Custom pool and spa, complete with high-quality stone-work, features equally dazzling views in every direction. Soak in the hot tub at night and stargaze at infinite galaxies above. LARGE 5-ACRE PARCEL. Includes 2-bed, 1-bath Guesthouse on lower tier of property hooked up to water, electric, septic and could be used as a second vacation rental, long term rental, residence, studio or large storage space – needs TLC/Remodel (buyer to check permits). Two private driveways – one to the main house above and another driveway to the private guesthouse location below. Incredible value, incredible property. Morongo Valley is only a short drive to downtown Palm Springs but with cooler summer temperatures and greener hills, known for its verdant flora and jungle-like hikes in the Big Morongo Canyon Preserve. Joshua Tree National Park is equally close. With over one thousand closed transactions in the Hi Desert, this property stands as the singular best views and most stunning location this broker has seen. Whether as a primary residence, a vacation getaway, supplemented by vacation rental income or long-term rental income from the guesthouse once updated, this property has enormous protentional as a once-in-a-lifetime investment given the rarity of similar home locations.

Details

Property type

Single Family Residence

Est. home value

$829,712

Lot size

5.0 acres

Price per sq ft

$554

Year built

1955

HOA

No

Price History

11/10/2024
CRMLS

CRMLS #JT24229256

Listed
$945,000
11/04/2024
CRMLS

CRMLS #JT24087208

Removed
$945,000
09/19/2024
CRMLS

CRMLS #JT24087208

Price change
$945,000
-14.09%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Morongo Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Aim Cu

Loan start date

June 2022

Original loan amount

$202,500

Est. remaining balance

Not provided

Interest rate

3.78%

Loan type

Credit Line (Revolving), 30 year

Seller

Vincent Kin Wai Chan and Lois Lee Chan

Lender

Caliber Home Loans Inc

Loan start date

May 2022

Original loan amount

$486,000

Est. remaining balance

$466,296

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Vincent Kin Wai Chan and Lois Lee Chan

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?

Similar Homes Nearby

CRMLS
$995,000
2 bd
|
2 ba
|
2,000 sq ft
|
House

10063 Sams Trl, Morongo Valley, CA 92256

Price drop
CRMLS
$950,000
2 bd
|
2 ba
|
1,200 sq ft
|
House

3208 Ox Yoke Pass, Pioneertown, CA 92268

CLAW
$850,000
2 bd
|
2 ba
|
924 sq ft
|
House

5215 Pioneertown Rd, Pioneertown, CA 92268

Status: Active

Tomo last checked: 11/22/2024 at 7:35 PM

Listing updated: 11/11/2024 at 6:49 PM

Listed by: Bryan Wynwood, Joshua Tree Modern Phone #: (760) 808-4806

MLS: CRMLS #JT24229256

CRMLS logo

Recently listed in Morongo Valley