tomo logo

$690,000

Beds
6
Baths
4.0
sq ft
2,410

609 N Lincoln St, Redlands, CA 92374

609 N Lincoln St

Redlands, CA 92374

  • 37 days on market
    • Price drop $35,000↓
" Price Improved " Introducing a truly unique property in Redlands, perfect for investors, multi-generational living, or those seeking a flexible living arrangement. Located near the prestigious University of Redlands, this versatile home offers exceptional features and incredible potential. Property Highlights: Main Residence: 4 spacious bedrooms and 2 full bathrooms. Secondary Living Space: 2 bedrooms and 2 full bathrooms, offering privacy and independence. Outdoor Amenities: A sparkling pool for relaxation and entertainment. Prime Location: Close proximity to the University of Redlands, making it ideal for student housing. Recreational Opportunities: Convenient access to nearby walking trails and a dune area for off-road motorcycling enthusiasts. This property presents a fantastic opportunity for investors to generate rental income or create a harmonious living arrangement for extended families. The proximity to the university adds significant rental potential, especially for student accommodations. Don’t miss the chance to own a property that combines location, flexibility, and lifestyle amenities. Schedule your private showing today and explore the endless possibilities this home offers!

Details

Property type

Single Family Residence

Est. home value

$661,155

Lot size

7,200 sq ft

Price per sq ft

$287

Year built

1961

HOA

No

Price History

12/17/2024
CRMLS

CRMLS #CV24230739

Price change
$690,000
-4.83%
11/15/2024
CRMLS

CRMLS #CV24230739

Listed
$725,000
-2.01%
11/02/2024
CRMLS

CRMLS #IV24154396

Removed
$739,888

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Redlands 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

$141,661
Asking price
$690,000
Closing costs (~8% of asking)
-$55,200
Est. remaining loan balance
-$493,139
Cash to seller
$141,661

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

Seller’s Loan History

Lender

Inspire Home Loans Inc

Loan start date

August 2021

Original loan amount

$531,905

Est. remaining balance

$493,139

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Leticia Flores Espinoza and Beatriz Navarro

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
CRMLS
$659,900
4 bd
|
3.5 ba
|
2,502 sq ft
|
House

28701 Fox Tail Way, Highland, CA 92346

CRMLS
$599,999
3 bd
|
2 ba
|
1,422 sq ft
|
House

640 Jeremy Ct, Redlands, CA 92374

Price drop
CRMLS
$619,900
4 bd
|
2 ba
|
1,526 sq ft
|
House

861 E Pennsylvania Ave, Redlands, CA 92374

Status: Active

Tomo last checked: 12/22/2024 at 6:50 AM

Listing updated: 12/18/2024 at 10:05 PM

Listed by: Naim Olachea, THE ASSOCIATES REALTY GROUP Phone #: (844) 504-4965

MLS: CRMLS #CV24230739

CRMLS logo

Recently listed in Redlands

$625,000|4 bd|2.0 ba|House
$600,000|3 bd|2.5 ba|House
$585,000|3 bd|1.75 ba|House
$510,000|3 bd|2.5 ba|Condo
$580,000|3 bd|2.0 ba|House
$647,000|2 bd|1.5 ba|House
$1,999,999|7 bd|6.25 ba|House
$1,450,000|4 bd|2.75 ba|House
$845,500|5 bd|3.5 ba|House
$799,000|3 bd|2.5 ba|House