tomo logo

$1,200,000

Beds
5
Baths
3.5
sq ft
8,393

5508 E Lane Ave, Fresno, CA 93727

5508 E Lane Ave

Fresno, CA 93727

  • 36 days on market
Welcome to one of the largest and most unique estates in Sunnyside, blending timeless elegance with modern upgrades. This custom built home, designed by a British architect and inspired by classic English architecture, offers over 8,300 sq ft of living space on more than an acre of land. With four spacious bedrooms, a large living area, a formal dining room, a den, study, three entrances, two staircases, and four fireplaces, this property is both expansive and inviting. Natural light pours in through the abundance of windows, complementing the home's custom-built features and thoughtful design.The estate also includes a private guest wing, complete with its own living room, kitchen, eating area, bedroom, and bathroom, offering endless possibilities for extended family, short-term rental income, or a luxurious guest retreat. Recent updates enhance the home's appeal, including a new flooring, A/C unit, remodeled yoga room & patio, bathroom, all new electrical, redwood pergola, a saltwater spa, and an updated sprinkler and irrigation system. Outdoors, the space is perfect for entertaining, relaxing, or hosting events such as weddings or parties.This versatile property is ideal for those seeking a stunning family home, a profitable rental, or a unique venue space. Schedule your private tour today to experience the charm, grandeur, and endless possibilities of this incredible estate!

Details

Property type

Single Family Residence

Est. home value

$1,000,037

Lot size

1.14 acres

Price per sq ft

$143

Year built

1954

Price History

11/16/2024
FresnoMLS

FresnoMLS #621626

Listed
$1,200,000
+65.52%
09/30/2020
FresnoMLS

FresnoMLS #538283

Sold
$725,000

Schools & Community

Neighborhood: 

Roosevelt

Elementary school: 

Ayer

Middle school: 

Kings Canyon

High school: 

Sunnyside

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

$610,709
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$493,291
Cash to seller
$610,709

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

August 2020

Original loan amount

$543,750

Est. remaining balance

$493,291

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Carla R Lewis and Nicholas Joeseph Wren

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

Price drop
FresnoMLS
$1,299,000
3 bd
|
3.75 ba
|
3,782 sq ft
|
House

8067 E Belmont Ave, Fresno, CA 93737

Status: Active

Tomo last checked: 12/22/2024 at 7:45 AM

Listing updated: 11/16/2024 at 1:00 PM

Listed by: Briana Ramirez, Park Place Real Estate

MLS: FresnoMLS #621626

FresnoMLS logo

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