$374,000

Seller could get up to $164,380

Learn how this information can help you negotiate

Beds: 4
Baths: 3.0
sq ft: 1,650

500 Bahama Dr, Hemet, CA 92543

500 Bahama Dr

Hemet, CA 92543

126 days on market

Price drop $25,000↓

This beautiful 4 bedroom, 3 bath home is located in the desirable 55+ only gated community of Whispering Palms. This manufactured home is on a permanent foundation, comes fully furnished, and offers an opportunity for extra income. Live in the main house and rent out the back studio. Many amenities also come with the property; such as a pool, club house, BBQ area, an RV storage lot, and even the water bill, all included with the HOA.

Details

Property type

Manufactured On Land

Est. home value

$201,590

Lot size

4,356 sq ft

Price per sq ft

$227

Year built

2005

Monthly HOA fee

$180

Price History

02/24/2025

CRMLS #PW24231735

Price change

$374,000

-6.27%

11/11/2024

CRMLS #PW24231735

Listed

$399,000

Schools & Community

Elementary school:

Unknown

Middle school:

Unknown

High school:

Unknown

Community features: Pool, Gated

Community features:

Pool, Gated

High school district:

Hemet Unified

Senior community center:

Yes

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

$164,380

Asking price

$374,000

Closing costs (~8% of asking)

-$29,920

Est. remaining loan balance

-$179,700

Cash to seller

$164,380

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

July 2023

Original loan amount

$183,000

Est. remaining balance

$179,700

Interest rate

6.79%

Loan type

New Conventional, 30 year

Seller

Richard P Constantine and The Constantine Trust

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: 03/17/2025 at 4:20 AM

Listing updated: 02/24/2025 at 7:59 AM

Listed by: LuisFernando Suarez, Berkshire Hathaway HomeServices California PropertiesBerkshire Hathaway HomeServices California Properties Phone #: (562) 943-7266

MLS: CRMLS #PW24231735

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