tomo logo

$1,199,000

Beds
5
Baths
5.0
sq ft
3,426

725 Red Cloud Rd, Paso Robles, CA 93446

725 Red Cloud Rd

Paso Robles, CA 93446

  • 74 days on market
    • Price drop $51,000↓
Welcome to 725 Red Cloud Rd in beautiful Paso Robles. Offering luxury living with “Home Share” or long term rental income potential, this 2-unit property could also be the perfect home for a multi-generational family. The main level of the home features three spacious bedrooms and four bathrooms. All three bedrooms have their own en-suite bathrooms! Travertine tile and laminate wood flooring throughout. The chef’s kitchen features granite countertops, stainless steel appliances w/ gas range, a spacious pantry, and a built-in wine fridge. The primary bedroom has a large walk-in closet, jacuzzi style tub and its own back deck access. On the lower level of the home you will find it has its own private deck and entrance from the east side of the property. This lower unit has two bedrooms, a Jack-and-Jill style bathroom with two separate vanities, full kitchen, living room and another large separate room that may be used as a gym or office. The home also has two independent heating and air conditioning units (1 for each level) to keep you and your guests at your preferred temperatures as well as a 3-car garage for vehicles/toys/storage. This is a rare opportunity to own two homes in one. Call your realtor for a showing today!

Details

Property type

Single Family Residence

Est. home value

$1,074,403

Lot size

8,973 sq ft

Price per sq ft

$350

Year built

2007

Price History

10/03/2024
CRMLS

CRMLS #NS24168163

Price change
$1,199,000
-4.08%
08/26/2024
CRMLS

CRMLS #NS24168163

Listed
$1,250,000
+22.55%
03/09/2022
CRMLS

CRMLS #NS22021014

Sold
$1,020,000
+34.65%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Paso Robles Joint 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

$340,098
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$762,982
Cash to seller
$340,098

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

March 2022

Original loan amount

$805,000

Est. remaining balance

$762,982

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Rohit Garewal and Sara Garewal

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: 11/08/2024 at 1:50 PM

Listing updated: 10/03/2024 at 2:01 PM

Listed by: Patrick McCandless, Oak Shores Realty Phone #: (805) 472-9030

MLS: CRMLS #NS24168163

CRMLS logo

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