tomo logo

$2,987,000

Beds
5
Baths
4.5
sq ft
5,057

9431 W Lilac Rd, Escondido, CA 92026

9431 W Lilac Rd

Escondido, CA 92026

  • 45 days on market
Luxurious Countryside Estate with Avocado Farm. Discover a Picturesque Haven in Escondido Nestled in the rolling hills of North County, this luxurious countryside estate offers a perfect blend of opulence and tranquility. Surrounded by flourishing avocado and citrus groves, this villa serves as a private retreat amidst nature's serene beauty. Main Home Features: Opulent Living Space: Over 5,000 square feet of luxurious living area. Bedrooms and Bathrooms: 5 bedrooms, 3 full and 3 half bathrooms. The home features master bedrooms on both the first and second floors, and a downstairs bedroom ideal for guests. Elegant Design: Grand foyer with a spiral staircase, fully remodeled in 2022 to exude luxury and charm. Entertainment: Home theater room for your entertainment needs. Private Pool: A below-ground, fully private pool offering relaxation and tranquility. Additional Highlights: Detached ADU: Over 800 square ft, Remodeled in 2024, featuring 2 bedrooms and 2 bathrooms, central air conditioning, and an attached patio deck with breathtaking mountain views. Expansive Land: 21 acres of lush terrain, including over 600 avocado trees and a variety of citrus trees. Natural Beauty: Onsite pond and native trees enhance the natural landscape. Ample Parking: Parking lot capable of accommodating over 50 cars, perfect for large gatherings or wedding events. Sports Amenities: Concrete pad suitable for a pickleball court. Income Potential: Proven Airbnb Success: This estate has a proven track record as a highly rated Airbnb, generating a gross income of nearly $160,000 in 2023. Additional R

Details

Property type

Single Family Residence

Est. home value

$1,663,697

Lot size

21.32 acres

Price per sq ft

$591

Year built

1975

Price History

05/18/2024
SanDiego

SanDiego #NDP2404381

Listed
$2,987,000
+126.29%
07/06/2021
SanDiego

SanDiego #NDP2105649

Sold
$1,320,000

Schools & Community

Elementary school: 

Escondido Union School District

Middle school: 

Escondido Union School District

High school: 

Escondido Union High School District

Number of units in community: 

2

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

$1,756,974
Asking price
$2,987,000
Closing costs (~8% of asking)
-$238,960
Est. remaining loan balance
-$991,066
Cash to seller
$1,756,974

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

August 2021

Original loan amount

$1,056,000

Est. remaining balance

$991,066

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Sumit Tomar and Neha Chauhan

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?

Status: Active

Tomo last checked: 07/02/2024 at 4:55 PM

Listing updated: 06/25/2024 at 7:05 AM

Listed by: David Hethorn, Phone #: (858) 277-6173

MLS: SanDiego #NDP2404381

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