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$370,000

Beds
2
Baths
1.0
sq ft
864

61883 Morningside Rd, Joshua Tree, CA 92252

61883 Morningside Rd

Joshua Tree, CA 92252

  • 260 days on market
    • Price drop $10,000↓
***HUGE PRICE IMPROVEMENT *** The seller is highly motivated SELLER WILL ENTERTAIN ALL OFFERS!!!! This charming turn key property that is currently an active Airbnb with 5 star reviews. This wonderful property sits on a big lot and features 2 bedrooms, 1 bath, and a delightful outdoor space with a fire pit and jacuzzi. Setting you up for a successful and quick return on investment or primary residence this BEAUTIFUL home will be sold with all furniture and furnishings. It is ideally located within walking distance to downtown and a short drive to the Joshua Tree National Park. The national park offers an amazing night life, walking and bike trails, tours, sightseeing and much more. The cozy retreat offers convenience and relaxation for guests. This ultimate investment opportunity awaits you with its income-producing potential, this property presents a lucrative investment opportunity in the thriving hospitality market. Take a look at this gem, you won't want to miss out on the opportunity.

Details

Property type

Single Family Residence

Est. home value

$297,566

Lot size

7,200 sq ft

Price per sq ft

$429

Year built

1968

HOA

No

Price History

10/08/2024
CRMLS

CRMLS #IV24059738

Price change
$370,000
-2.63%
09/10/2024
CRMLS

CRMLS #IV24059738

Price change
$380,000
-2.56%
08/03/2024
CRMLS

CRMLS #IV24059738

Price change
$390,000
-4.88%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

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

$108,723
Asking price
$370,000
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$231,677
Cash to seller
$108,723

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

Seller’s Loan History

Lender

All Western Mortgage Inc

Loan start date

January 2023

Original loan amount

$236,800

Est. remaining balance

$231,677

Interest rate

6.61%

Loan type

New Conventional, 30 year

Seller

John D Sorrell Iii and Michael Duran

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: 12/24/2024 at 8:05 AM

Listing updated: 12/04/2024 at 7:45 PM

Listed by: NATALIE HORNE, EXP REALTY OF CALIFORNIA INC Phone #: (888) 584-9427

MLS: CRMLS #IV24059738

CRMLS logo

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