tomo logo

$929,000

Beds
4
Baths
3.0
sq ft
2,564

909 Stillman Ave, Redlands, CA 92374

909 Stillman Ave

Redlands, CA 92374

  • 89 days on market
    • Price drop $40,000↓
Incredible Opportunity in Redlands to own this Historic 1910 Craftsman Home with Additional Residence. Discover an extraordinary chance to own a piece of Redlands history with this stunning 1910 Craftsman home, complete with a second home in the back. This remarkable property combines early 20th-century architecture with modern conveniences, making it a notable historical residence within the community. The home welcomes you with beautifully designed, low-maintenance landscaping, equiped with auto sprinklers throughout. Imagine enjoying relaxing evenings on the large front porch, perfect for watching sunsets or sipping morning coffee. Step inside to find natural light flooding through the windows, highlighting original hardwood floors, coffered beamed ceilings, and vintage built-ins. Every corner reveals delightful surprises, including pocket doors and two separate stairways leading to the second floor. Despite its historical charm, the home includes many modern upgrades such as a tankless water heater, a roof that is only three years old (back house roof too), and a new kitchen counter, new windows, etc. The rear home features new windows and a new AC condenser, providing comfort and efficiency. Ample parking is available, with space for four cars plus a one-car garage. Now I said this home has options. The front door area has been subtly remodeled to create two rental units. The upstairs unit is a 1 bed, 1 bath, renting for $1400 per month, while the main floor unit, is a 3 bed, 2 bath, and operates as a successful Airbnb, generating approximately $2500 per month. And, the back unit, is a 1 bed, 1 bath with a kitchen renting for $1600 per month. So..... its up to you! You can easily convert the home back to its original glory as a primary residence and put the mother-inlaw or student in the back home. Or continue to use it as a rental property. The choice is yours! Located within walking distance to the University of Redlands, and just minutes away from Redlands' famous restaurants, fine dining, and boutiques. This home is a testament to craftsmanship and charm, offering an exceptional opportunity in a fantastic community. Whether you're looking for a unique primary residence or a promising investment property, this Redlands gem is worth exploring.

Details

Property type

Single Family Residence

Est. home value

$737,113

Lot size

8,400 sq ft

Price per sq ft

$363

Year built

1910

Price History

07/31/2024
CRMLS

CRMLS #IV24115253

Price change
$929,000
-4.13%
06/10/2024
CRMLS

CRMLS #IV24115253

Listed
$969,000
+2.11%
05/31/2024
CRMLS

CRMLS #TR24018001

Removed
$949,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Park, Street Lights

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

$349,357
Asking price
$929,000
Closing costs (~8% of asking)
-$74,320
Est. remaining loan balance
-$505,323
Cash to seller
$349,357

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

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

May 2021

Original loan amount

$544,000

Est. remaining balance

$505,323

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

John P Mendoza and Lisa A Mendoza

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: 09/07/2024 at 2:30 AM

Listing updated: 08/25/2024 at 11:05 AM

Listed by: RUDY RAMIREZ, RE/MAX ONE Phone #: (951) 247-2213

MLS: CRMLS #IV24115253

CRMLS logo

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