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SOLD 9-15-21 – Will’s Way, has new owners, a very good family that will make this home Great Again!
$548,000 – For Sale By Owner
Pictures – more to come as we update and complete repairs
Dan Ringwald – 805-242-3004 V/T – call or text with any questions
Great help from Yager Realty – was on MLS – as seen below – you still need to work with me directly for other homes as well
This is a one of a kind custom built home – Top of the hill with sweeping views, pool, 1 full acre, private and secluded, 3 bedrooms, 3 baths, 2,200 sq. ft. which does not include the converted 2 car garage, approximately 450 sqft, which is now a finished game room overlooking the swimming pool to maximize your entertainment value! This home has an open, spacious, free flowing feeling with a formal living room opening to a dining area and family room, which opens to the spacious kitchen with plenty of storage, electric countertop stove, electric oven and laundry room off the kitchen. The office / view room could be easily converted to a fourth bedroom. All rooms have large windows throughout this home to maximize the views. This home is located near Honey Hills which is well known for its upscale area and panoramic view homes, with larger lots, providing the space to enjoy that country feeling, and still be close to town.
Investors – We currently have this home on room rentals month to month, 3 bedrooms for a total of $2,750 a month. The Gameroom, overlooking the pool, was a 2 car garage conversion done years ago. The Gameroom when rented will make this a 4 bedroom bringing the 2,200 sq ft to about 2,850 sq ft. That should bring in another $1,450 for rent for a total of $4,200 per month. If that Gameroom were used as an AirBnB I am sure you can do the math on that. At $300 per night x 10 days is $3,000 or x 20 days is $6,000 on just that room only. Being the size of a 2 car garage with the pool table and bar can be left in the room and still have plenty of room for a bed, refrigerator, desk, and other items, and has a connecting bathroom. Would someone do AirBnB and pay that much per night with a pool just outside the sliding glass doors and all the views and privacy. Being located just a few miles from Loma Linda Hospital there is a lot of people coming and going. Time will tell. One of our tenants lives there full time and is willing to help with the AirBnB daily cleanups. This home is probably worth more to Investors than owner occupants.
Realtors – Buying Agents 2.5% – Best Match – We are looking for All Cash Buyers that will take on the responsibility of giving notice to tenants if a Fix and Flip is what your Buyer wants or keep tenants if they want a Rental Property. Conventional Loan Buying Investors will work too! If they want this as a Rental Property and if their lender will not require the Seller to pay for any needed repairs. No contingencies, No Repairs, No giving notice to Tenants to move out, No waiting for other properties to sell, quick closing. If Buyer meets these conditions then we have a Match so make an offer or backup offer. Owner Occupant Buyers will usually have lenders that require Sellers to pay for any needed repairs so that will not work on this property which does need a few repairs.
Personal Power Project – This home is a prime candidate for solar, wind, and backup batteries. Go off grid and charge your EV’s and zero out your electric bills. We can help you do just that as seen at our link above. If you don’t do it we may hold on to this property and do it adding value and increasing price. It is not easy to find a custom built all electric home, with 280 degree views on the top of a hill, in a good and safe neighborhood like this one.
Zillow.com/23160 – $687,000 – sold on 5-11-21 now at $727,600 value on 7-27-21
Comparable – neighbor’s home – it is nice but, it has no comparable views being down below, no pool, and only 1/2 acre
Check Zillow Yellow dots – for recent homes sold in the area and look at what they sold for and look at what they are worth now.
Realtor.com/23253 – $690,269 per Quantarium as seen below on 7-27-21
Bob Davis – Loan Depot Consultant – (805) 491-7186 – NMLS: 249185
Dan Ringwald – as the For Sale by Owner please see my suggestions below.
Cash Buyer – If this is you, purchasing and repairs never stop escrow from closing.
Conventional Loan Buyer – use our lender, work directly with me, use no realtors for the best results.
VA Loan Buyer – you get the best flexibility on price, if you work directly with me and no Realtor.
203k Loan Buyer – If this property needs any repairs this could help in a big way!
Bob Davis – Loan Depot Consultant – (805) 491-7186 – call him any questions.