tomo logo

$1,040,000

Beds
6
Baths
5.0
sq ft
3,860

48890 Palo Verde Rd, Morongo Valley, CA 92256

48890 Palo Verde Rd

Morongo Valley, CA 92256

  • 75 days on market
Nestled on over 5.7 acres of serene Morongo Valley, cradled by the majestic Sand to Snow National Monument, this multigenerational home offers a rare blend of peaceful retreat and income-producing potential. With sweeping views of rolling hills, this property boasts an equestrian facility, multiple units, and endless possibilities. The main house presents a flexible layout—either a 3-bedroom, 2-bath setup or a 2-bedroom with a dedicated office or flex room. Artistic polished concrete floors and an updated kitchen with a spacious walk-in pantry elevate the desert lifestyle with both elegance and practicality. An attached 2-bedroom, 2-bath unit complete with its own kitchen offers potential as a rental or private living quarters for extended family, while the upstairs 1-bedroom, 1-bath unit—currently rented—captures breathtaking views of the surrounding landscape. Outdoors, enjoy your own private oasis with direct access to hiking and riding trails, a water filtration system, additional corrals for horses or boarders, a chicken coop, and a workshop/laundry room/storage area housed in a separate space. The inviting covered patio is perfect for al fresco dining under the stars, and a Connex container adds extra storage to meet your needs. Fruit trees dot the landscape, offering seasonal delights. To assist with outdoor chores, inquire about the Kubota tractor to maintain the grounds. This unique property is ideal for multigenerational living, horse enthusiasts, or those seeking a peaceful ranch-style life with rental income potential. Whether tending to the land or simply enjoying the beauty of the desert, this Morongo Valley ranch is a haven that blends comfort and natural splendor.

Details

Property type

Single Family Residence

Est. home value

$879,682

Property condition

Updated/Remodeled

Lot size

5.0 acres

Price per sq ft

$270

Year built

1958

HOA

No

Price History

08/25/2024
CRMLS

CRMLS #JT24176297

Listed
$1,040,000
-0.86%
02/24/2024
CRMLS

CRMLS #JT23209513

Removed
$1,049,000
02/19/2024
CRMLS

CRMLS #JT23209513

Price change
$1,049,000
-2.33%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Stable(s)

High school district: 

Morongo 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

$646,874
Asking price
$1,040,000
Closing costs (~8% of asking)
-$83,200
Est. remaining loan balance
-$309,926
Cash to seller
$646,874

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2021

Original loan amount

$335,000

Est. remaining balance

$309,926

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Sherry Molling

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: 11/08/2024 at 2:20 PM

Listing updated: 10/27/2024 at 5:05 PM

Listed by: Allison Gaunder, Inspire Real Estate Phone #: (760) 228-1113

MLS: CRMLS #JT24176297

CRMLS logo

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