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$519,000

Beds
3
Baths
2.0
sq ft
1,720

9522 Branding Iron Rd, Phelan, CA 92371

9522 Branding Iron Rd

Phelan, CA 92371

  • 67 days on market
Welcome to this fantastic country farm home with 3 additional custom-built income opportunities. House: This stunning open-concept home features 1,720 sq ft of 3 bedrooms, 2 baths, a spacious kitchen, breakfast bar, laundry, and sliding glass doors to the backyard. The open kitchen has ample cabinet and counter space including a gas range, hood, and dishwasher that was newly installed 2 years ago. Enjoy the backyard view from the breakfast area in the kitchen. There is also a spacious living room with a wood-burning stove, and bonus decks on the front and back of the house for relaxing and enjoying the stunning desert sunrise and sunset. The entrance to the property is safely separated into two stages. Also, a Wash & Dryer is a bonus in the laundry room. (All photos are listed in the order they were introduced) 1) Wood-fenced detached unit for additional rental income with separate entrance, RV Carport, Water, Electric (220V), Septic Tank, Sink, 2 Refrigerators, Wash & Dryer (Samsung), bonus. (Refer Photos) 2) Cafe & Antiques Sales Business: Taking advantage of the convenient location of 100Ft from Phelan Rd & 1 block from Johnson Rd, the tenant has been operating a cafe in the 960Sqft garage (registered as 576Sqft, 1 room, 1 toilet, and a pantry) for the past 4 years and the new owner can resume it.(Refer Photos) 3) The property has already been rezoned to 1 acre, so 2 ADUs can be applied permitted.(Refer Photos) 4) The seller has produced organic vegetables in 2 green houses (2,000x2=4,000Sqft).(Refer Photos) 5) In the yard, there are 10 pine trees that are 40-50 years old & 3 mulberry trees, 5 junipers, and 3 jujube trees. As you can see from the above property value, the seller has invested a lot of effort and money into this house in the hopes of earning income for retirement. Now, the new owner has the opportunity to enjoy all these benefits!! Buyer to do due diligence. Broker/Agent does not guarantee the accuracy of square footage, lot size, ordinances, zoning, permits, use code, schools, and/or other information concerning the conditions or features of the property obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.

Details

Property type

Single Family Residence

Est. home value

$415,805

Lot size

2.27 acres

Price per sq ft

$302

Year built

1983

HOA

No

Price History

10/19/2024
CRMLS

CRMLS #HD24217393

Listed
$519,000
+232.48%
07/11/2014
CRMLS

CRMLS #436402

Sold
$156,100

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

High school district: 

Snowline Joint Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

April 2019

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

4.35%

Loan type

Future Advance Clause / Open End Mortgage, 30 year

Seller

Jung S Lee

Lender

Bank Of Hope

Loan start date

September 2016

Original loan amount

$156,000

Est. remaining balance

$127,683

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Jung S Lee

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: 12/25/2024 at 10:35 AM

Listing updated: 12/04/2024 at 7:30 PM

Listed by: Vivian Lee, Coldwell Banker Best Realty Phone #: (714) 451-1700

MLS: CRMLS #HD24217393

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