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Key Details
Sold Price $634,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $251
MLS Listing ID SW24133570
Sold Date 07/31/24
Bedrooms 5
Full Baths 3
Construction Status Fixer,Repairs Cosmetic
HOA Y/N No
Year Built 1964
Lot Size 0.730 Acres
Lot Dimensions Assessor
Property Description
Welcome to an extraordinary opportunity in the heart of Wildomar! Nestled on a spacious 0.73-acre lot, this versatile property boasts two single-family homes, making it the ideal investment for savvy buyers and self-employed business owners alike. The seller is also offering generous seller-financing options, making your dream investment more accessible than ever. PROPERTY HIGHLIGHTS: **** TWO RESIDENCES ON ONE EXPANSIVE PARCEL: The primary single-story home offers approximately 1,459 sq ft of comfortable living space with three bedrooms, two bathrooms, and an attached two-car garage. The second home is also a single-story and features approximately 1,061 sq ft, comprising two bedrooms, one bathroom, and a detached two-car garage. **** PRIME LOCATION WITH DOUBLE FRONTAGE: Benefit from unmatched visibility and accessibility with double frontage on both Mission Trail Rd and Wildomar Rd, and close access to the 15 FWY. Perfect for a home-based business. **** COMPLETELY FENCED & GATED: Enjoy privacy and security with the entire property fully fenced and gated, offering peace of mind and a serene environment. **** ZONING & INVESTMENT POTENTIAL: The Wildomar Planning Department is in the process of re-zoning from Rural Residential to 'Mixed Use,' opening up a world of possibilities for commercial development and increased property value. Splitting the lot into two parcels may also be a possibilty (utilizing Senate Bill 9) allowing for two additional ADU's (additional dwelling unit/Guest House). **** TENANT OCCUPANCY: Both homes are currently occupied with reliable, month-to-month tenants who desire to continue renting (if possible), providing immediate rental income and flexibility for future plans. **** This unique property is not just a place to live, it's a strategic investment waiting to be capitalized on. Whether you're looking to expand your real estate portfolio, run a business from home, or explore new development opportunities, this property has it all. Don’t miss out on this rare chance to own a multifaceted gem in Wildomar with the added benefit of seller financing. Contact us today to schedule a private tour and explore the endless potential this property has to offer! (Note: Seller Carry / Seller Financing / Guest House).
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning R-R
Rooms
Main Level Bedrooms 5
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Fence Average Condition
Pool None
Community Features Urban
View Y/N Yes
View Hills, Mountain(s)
Roof Type Asphalt
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description Ranch
Story 1
Entry Level One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Fixer,Repairs Cosmetic
Schools
School District Lake Elsinore Unified
Others
Senior Community No
Tax ID 366021005
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry, VA Loan
Financing Seller Financing
Special Listing Condition Standard
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Bought with Ken Hall • Abundance Real Estate
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130