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$775,000

Beds
3
Baths
2.5
sq ft
2,310

62425 Dennis Ave, Joshua Tree, CA 92252

62425 Dennis Ave

Joshua Tree, CA 92252

  • 274 days on market
    • Price drop $50,000↓
Spread between a main house & entertainment villa, there's something for everyone at this Desert Compound . Approx. $ 62,000 in rental income year to date. The Main House offersPrimary Bedroom with King Bed + Queen Pull Out Sofa. Bedroom 2 offers a Queen Bed .In the Living Room is a 9ft Pool Table+ Board Games+ Updated Chef's Kitchen+ Beautiful Vaulted Ceilings+ Open Floor Plan. In the backyard you can enjoy+ Hot Tub+ Pool (Not Heated)+ Sun Loungers+ BBQ+ Ping Pong Table+ Outdoor Shower+ Dining Table for dining al fresco+ Outdoor TV. .....The entertainment Villa offers-1 bedroom and Bathroom with built in bathtub plus a Movie Theater (120") with 6 Plush Reclining Movie Chairs+ Hard Rock Casino Poker Table+ Air Hockey+ Stand Up Arcade Game (hundreds of games)...In the entertainment villa backyard:+ 2 Outdoor Bowling Alley Lanes+ Horseshoes+ Lifesize Chess+ Cornhole+ Bocce+ Hanging Egg Chairs+ Giant Mural for photo ops. Also on the property is a Firepit Area w/ Adirondack chairs and swings...... All the comforts of a high-end resort hotel stay, but in a beautiful, remodeled Joshua Tree Oasis.

Details

Property type

Single Family Residence

Est. home value

$887,450

Lot size

2.5 acres

Price per sq ft

$336

Year built

1954

Price History

07/10/2024
CRMLS

CRMLS #NP23221775

Price change
$775,000
-6.06%
03/05/2024
CRMLS

CRMLS #NP23221775

Price change
$825,000
-2.94%
12/20/2023
CRMLS

CRMLS #NP23221775

Listed
$850,000
+20.57%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$245,489
Asking price
$775,000
Closing costs (~8% of asking)
-$62,000
Est. remaining loan balance
-$467,511
Cash to seller
$245,489

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

Seller’s Loan History

Lender

Royal Pacific Funding Corp

Loan start date

September 2021

Original loan amount

$500,000

Est. remaining balance

$467,511

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Desert Ventures Bnb Llc

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: 09/18/2024 at 6:40 PM

Listing updated: 08/13/2024 at 12:56 PM

Listed by: Bryce Cano, Compass Phone #: (949) 438-4340

MLS: CRMLS #NP23221775

CRMLS logo

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