tomo logo

$799,999

Beds
5
Baths
3.0
sq ft
1,497

711 E Clark St, Redlands, CA 92374

711 E Clark St

Redlands, CA 92374

  • 11 days on market
R-A-D-I-A-N-T in every light ... located downtown with 2 HOMES on 1 lot, a 2 car garage + flex zoning that allows for commercial opportunities -- you're not going to want to miss this one! A BRAND NEW detached ADU was just completed with final permitting to be granted before the close of escrow, but let's start at the beginning! A spellbinding updated 1924 cottage greets you from your downtown location and beckons further exploration - welcoming you past your white picket fence and onto your front viewing porch, where you can't help but feel that vibrant Redlands energy. The main home consists of 3 bedrooms and 2 bathrooms - which has been thoughtfully designed to fully take advantage of every square inch! Some special features included are: a recent earthquake retrofitting, window shutters, newer interior paint, ceiling fans throughout the home and 4 mini split systems which can be customized independently to provide individualized climate comfort! A modern kitchen anchors the home and is punctuated with classic materials and an eye-catching charcoal accent wall molding. Both secondary bedrooms are connected with a retro full bathroom while the primary suite enjoys its own privacy and access to the backyard. The detached BRAND NEW ADU is comprised of 2 spacious bedrooms and 1 full bathroom with an open concept living/kitchen design that will make any occupant feel right at home! Attached to the ADU is a 2 car garage - allowing for additional design options and expansion if so desired (check with the city for possibilities). If all of that wasn't enough ... the property is located in the Redlands Transit Villages Specific Plan and can facilitate a plethora of commercial spaces (buyer to verify specific uses). The seller has also paid for plans and permits to add a deck + slider door off the primary bedroom, as well as an aesthetic change to the front roofline. A NEW ROOF was installed over the garage and as a bonus, the seller is willing to include roofing shingles that can be installed by the new owner so they have a new roof over the main house as well! Your prime downtown location grants you full access to all of the year round magic present in this charming city and is in close proximity to the University of Redlands, ESRI and freeway for commuters. This is truly a REMARKABLE property - the likes that rarely become available and which can provide RENTAL INCOME, MULTI-GEN LIVING & BUSINESS OPPORTUNITIES! This is the one you've been waiting for!

Details

Property type

Single Family Residence

Est. home value

$501,927

Lot size

5,200 sq ft

Price per sq ft

$535

Year built

1924

Price History

09/24/2024
CRMLS

CRMLS #EV24181856

Listed
$799,999
+88.24%
08/03/2022
CRMLS

CRMLS #OC22084037

Sold
$425,000
+129.48%
11/30/2015
CRMLS

CRMLS #EV15233867

Sold
$185,200

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

$268,960
Asking price
$799,999
Closing costs (~8% of asking)
-$64,000
Est. remaining loan balance
-$467,039
Cash to seller
$268,960

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

June 2022

Original loan amount

$483,312

Est. remaining balance

$467,039

Interest rate

5.1%

Loan type

FHA, 30 year

Seller

Maria Guadalupe Perez

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
$735,000
5 bd
|
3 ba
|
2,829 sq ft
|
House

12220 Vista Crest Dr, Yucaipa, CA 92399

Price drop
CRMLS
$769,000
5 bd
|
3 ba
|
3,086 sq ft
|
House

1586 Silver Cup Ct, Redlands, CA 92374

CRMLS
$898,600
5 bd
|
3 ba
|
4,084 sq ft
|
House

1661 Torino St, Redlands, CA 92374

Status: Active

Tomo last checked: 10/04/2024 at 7:20 PM

Listing updated: 09/30/2024 at 9:21 AM

Listed by: CHRIS CROW, WINDERMERE TOWER PROPERTIES Phone #: (951) 369-8002

MLS: CRMLS #EV24181856

CRMLS logo

Recently listed in Redlands

$667,000|3 bd|2.0 ba|House
$525,000|3 bd|2.0 ba|House
$549,900|3 bd|2.5 ba|House
$599,000|3 bd|2.0 ba|House
$555,000|2 bd|1.0 ba|House
$580,000|3 bd|2.25 ba|Townhouse
$1,700,000|6 bd|3.5 ba|House
$565,000|3 bd|2.0 ba|House
$550,000|4 bd|1.5 ba|House