tomo logo

$1,299,999

Beds
5
Baths
5.0
sq ft
3,811

7172 El Padro St, Riverside, CA 92504

7172 El Padro St

Riverside, CA 92504

  • 77 days on market
    • Price drop $50,001↓
This remarkable residence is nestled in a historic Riverside neighborhood. The Howard P. Younglove Home, ca. 1927, designed by the renowned architect HENRY L. A. JEKEL, stands proudly on this tree-lined street among other architectural gems by Mr. Jekel. Boasting a half-timbered Tudor Country Cottage, this estate features over 3,800 SF of living space. Inside you'll find an open formal living and dining rooms, 5 bedrooms, 5 baths, a bonus loft, den/reading room, 4 fireplaces, and elegant custom built-ins. The kitchen seamlessly connects to the family room with picturesque windows and a new Thermador refrigerator. The property includes a remodeled detached 1 bed, 1 bath guest house. The 4+ car garage comes with an EV charger and an additional 1,437 SF unfinished recreation room above. The property is surrounded with beautiful custom iron-gates. The outdoor space features a swimming pool, fire pit, brand new covered patio with natural gas BBQ grill and two burner stove, big screen TV, and outdoor ceiling fans. This lovingly restored home offers modern amenities, making it an ideal space for multi-generational families.

Details

Property type

Single Family Residence

Est. home value

$1,215,195

Lot size

0.64 acres

Price per sq ft

$342

Year built

1930

Price History

08/09/2024
CRMLS

CRMLS #EV24144253

Price change
$1,299,999
-3.7%
07/14/2024
CRMLS

CRMLS #EV24144253

Listed
$1,350,000
+35%
10/07/2021
CRMLS

CRMLS #IV21105836

Sold
$1,000,000
+105.76%

Schools & Community

Neighborhood: 

Magnolia Center

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Riverside 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

$499,911
Asking price
$1,299,999
Closing costs (~8% of asking)
-$104,000
Est. remaining loan balance
-$696,088
Cash to seller
$499,911

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

Seller’s Loan History

Lender

Golden Empire Mortgage Inc

Loan start date

August 2021

Original loan amount

$745,100

Est. remaining balance

$696,088

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Catherine B Vivo and Venus Ruder

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: 09/28/2024 at 7:20 PM

Listing updated: 08/09/2024 at 4:50 AM

Listed by: GARY ZENDEJAS, EXP REALTY OF SOUTHERN CA. INC Phone #: (888) 294-1415

MLS: CRMLS #EV24144253

CRMLS logo

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