tomo logo

$899,000

Beds
5
Baths
2.0
sq ft
2,023

62745 Two Mile Rd, Joshua Tree, CA 92252

62745 Two Mile Rd

Joshua Tree, CA 92252

  • 105 days on market
    • Price drop $51,000↓
Prime Location! Fully functioning and very successful Airbnb (occupancy up to 12 people). This amazing, secluded, and spacious 5-bedroom home is Located at the heart of Joshua Tree. Nestled on a beautiful 5-acre open land, only 5 minutes from Joshua Tree downtown, Boasting incredible views of the mountains in the national park. The BREATHTAKING VIEWS from this property are unmatched! Outside your front door is an amazing, untouched desert view as far as your eye can see. You will be captivated by the tranquility and peace of this property. 700 sqft detached Garage, drywalled with sliding doors. All furnishings, appliances, and amenities are included right down to the linens. Each room has its own AC mini split unit and a built-in closet. This property has a new 17ft above-ground pool, a 7-person hot tub, outdoor showers, an outdoor movie theater, high-quality seating loungers, hanging chairs, outdoor dining, a wooden covered patio that lights up at night, Blackstone bbq griddle, 4 hammocks, a fire pit, indoor wood burning stove, an activity/yoga room, pool and ping pong table, a Tesla Solar System, and Electric Vehicle Charging Station. The property is currently an active short-term rental that generates over $150,000 in revenue per year. The seller will share all rental financials with potential buyers. Property has 130 5-star reviews and more than 25k in existing future bookings. Currently managed by “Desert Spirit” Property management who is willing to keep managing the property if needed. Buyer to Verify all information, including but not limited to Short Term Rental rules, regulations, Permits, Allowances, and Zoning.

Details

Property type

Single Family Residence

Est. home value

$932,289

Lot size

5.0 acres

Price per sq ft

$445

Year built

1954

Price History

07/23/2024
CRMLS

CRMLS #JT24115657

Price change
$899,000
-5.37%
06/06/2024
CRMLS

CRMLS #JT24115657

Listed
$950,000
+9.2%
02/12/2024
CRMLS

CRMLS #JT23148904

Removed
$870,000

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

$352,262
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$474,818
Cash to seller
$352,262

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2021

Original loan amount

$508,250

Est. remaining balance

$474,818

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Aviv Peretz

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: 08/21/2024 at 8:15 PM

Listed by: Bill Travis, William Travis, Broker

MLS: CRMLS #JT24115657

CRMLS logo

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