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$425,000

Beds
3
Baths
2.0
sq ft
1,568

7929 Barberry Ave, Yucca Valley, CA 92284

7929 Barberry Ave

Yucca Valley, CA 92284

  • 34 days on market
All furniture, furnishings, appliances, TV's, electronics, and EVERYTHING else used to operate this short-term rental is included in the sale. This fully turnkey short-term rental, strategically located in a non-gated community with NO HOA's, offers a perfect blend of comfort and convenience. Featuring 3 bedrooms and 2 baths, this home is fully furnished. Located on a 26,880 square foot lot, this home is ideal for families or savvy investors. Financially, this property projects a gross revenue exceeding $55,000 with a self-managed cap rate of 8.5% and a professionally managed cap rate of 7.3%. Whether you're seeking a family haven or a lucrative short-term rental venture, this turnkey gem is ready for your discerning eye. Don't miss the opportunity to own this fully licensed, turnkey short-term rental. Act fast and make this dream property yours!

Details

Property type

Single Family Residence

Est. home value

$398,354

Lot size

0.6171 acres

Price per sq ft

$272

Year built

2000

Price History

08/16/2024
CRMLS

CRMLS #OC24162882

Listed
$425,000
+16.44%
01/04/2022
CRMLS

CRMLS #JT21242746

Sold
$365,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Street Lights

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

$99,069
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$291,931
Cash to seller
$99,069

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

November 2021

Original loan amount

$310,250

Est. remaining balance

$291,931

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Cory Richards and Courtney Richards

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 6:50 PM

Listing updated: 09/01/2024 at 7:55 AM

Listed by: Keith Powers, Alta Realty Group CA, Inc Phone #: (888) 504-5327

MLS: CRMLS #OC24162882

CRMLS logo

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