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$3,971,515Estimated home value

Beds
4
Baths
3.0
sq ft
2,700

60 Fernwood Dr, La Honda, CA 94020

60 Fernwood Dr

LA HONDA, CA 94020

  • Sold On 5/14/2022
Exceptional location in the Peninsula hills between Russian Ridge and the coast, adjacent to miles of semi-private riding, biking, or hiking trails. The main residence is an updated two-story home with country kitchen for the enthusiastic cook. A separate office building has 3 rooms, kitchenette, business-class high speed internet, and half bath. A separate caretakers cottage has its own private yard with views! Active San Mateo County permit for up to 7 horses. Well and Cuesta water sources and updated septic. Rich organic gardens include a variety of fruits and vegetables, supporting the "farm to table" lifestyle. Zoned RM - animals, open space, business, etc. and still close to Silicon Valley and the Peninsula. Smart Home lighting via Control 4, and 220 amps. Move-in ready! 10 min drive to Alice's Restaurant, 20 min to Coast/Half Moon Bay, 40 minutes to Palo Alto. 2 photos virtually staged. "Other Rooms" in description include both in main house and other property buildings.

Details

Property type

Single Family Residence

Est. home value

$3,971,515

Lot size

9.45 acres

Price per sq ft

$1,110

Year built

1946

Price History

07/03/2024
BridgeMLS

BridgeMLS #ML81952760

Removed
$3,999,000
01/30/2024
BridgeMLS

BridgeMLS #ML81952760

Listed
$3,999,000
+33.3%
02/25/2022
BridgeMLS

BridgeMLS #ML81875080

Sold
$3,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

La Honda-Pescadero 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

$773,226
Asking price
$2,995,000
Closing costs (~8% of asking)
-$239,600
Est. remaining loan balance
-$1,982,174
Cash to seller
$773,226

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

February 2022

Original loan amount

$2,100,000

Est. remaining balance

$1,982,174

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Nicolas G Bechwati and Jihane H Bechwati

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: Off Market

Tomo last checked: 11/03/2024 at 4:55 AM

Listing updated: 09/23/2024 at 8:30 AM

Listed by: Marian Bennett, Marian Bennett, Golden Gate Sotheby's International Realty Phone #: (650) 847-1141

MLS: MLSL #ML81875080

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