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261 Rebecca Drive
San Dimas, CA 91773

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Property Details


List Price: $4,200,000
Beds: 7
Baths: 8
Status: Active
SqFt: 7837
Agency: Masters Realty Services Inc

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Description/Comments


Lot Size: 35,388 sqft
Property Type: Residential
Year Built: 1989
Notes: Private gated community, lake view, 7 bedrooms, 7.5 bathrooms and 7 other spaces / rooms (see floorplan herein). Wide hallways at both 1st and 2nd floors (at least 5 feet wide). Four car garage (1,058 SQFT), brand new Pebble Tec pool, child playhouse and child playground in backyard. As-is sale (needs a little work because it is about 34 years old, built in 1989), but Seller will disclose anything and everything that they are aware of that needs a little love. The house is also live-in ready. No pictures of the inside of the house will be taken or allowed to protect the future Buyer’s privacy. There are City of San Dimas pre-approved remodel & addition plans (the construction was never started) and the permit fees “were” paid once in 2019 for the remodel plus the addition of 1,423 new SQFT (permits have expired but the school fees were also paid which we “believe” do not expire. New Owner will need to pay new permit fees plus any new code changes to existing plans before resubmitting plans to the City for re-approval if the new Owner wants to move forward on the remodel and the addition of two new bedrooms, new bathroom and an upstairs laundry room). Pre-quality for a showing with Buyer’s Agent. Seller Financing Available: Option #1: 20% down ($840K down), interest only payments for 36 months at 1.75% interest = $4,900 monthly interest only payment to Seller. New first lien / loan in the amount of $3.36million (balloon maturity in 36 months but Seller will consider extending for an additional 36 months at maturity with additional principal payments during the next 36 months mutually agreed upon by both Buyer and Seller). Option #2: (Seller Financing plus an additional $800K remodel / construction loan also by Seller) is 20% down ($1mil), interest only payments for 36 months at 1.75% interest = $4,667 monthly interest only payment to Seller plus interest each month paid to Seller on any balance drawn on the $800K remodel / construction loan. New first lien / loan in the amount of $4million (balloon maturity in 36 months but Seller will consider extending for an additional 36 months at maturity with additional principal payment during the next 36 months mutually agreed upon by both Buyer and Seller).
MlsNumber: CV23147734


Listing Provided By: Masters Realty Services Inc, original listing
Name: Masters Realty Services Inc
Phone: (909) 869-0281
Office Name: CENTURY 21 MASTERS
Office Phone: (626) 963-9337
Agent Name: THE MARK AND AL TEAM
Disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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