8429 Terrace DrMorongo Valley, CA, 92256

Added 3 months ago
$254,990
2 Beds
1 Bath
1,300 SqFt
$196/SqFt
House
Schools Nearby

Trend Report

Listing Prices for All Homes in Morongo Valley

This Home

$254K

$119K$1.4M

The Median List Price for All homes in Morongo Valley is $265K

Based on homes listed in the last 12 months

See Full Trend Report

Facts and Features

Home Type
Single Family Residence
Parking
Garage, 2 Spaces
Year Built
1973
Heating
Central
Cooling
Central Air
MLS #
OC20126018

Description

***PRICE REDUCTION****This wonderful mountain getaway has been reduced $25k from its original pre covid-19 quarantine price of $279k. Gorgeous views,surrounded by mountains,mature trees and landscaping create a feeling of peace and tranquility.Great location on a private road towards the top of Little Morongo Heights with only a few houses in the area. Previously used as Airbnb and was one of the most popular and profitable rentals the owners have had in 20 years.In a 12 month period in 2018-2019 the property produced $48k in rental income as a part time Airbnb.Has the potential to produce much more income.Proforma and financials available.Halfway point between Joshua Tree and Palm Springs (30 minute drive to each).Was rented regularly by Holistic practioners for private yoga,bodywork and meditation sessions for their clients.And of course anyone that wanted to experience that peace and quiet in a beautiful setting.Home has 2 bedrooms,1 bath with large bonus room on a secluded 1 acre lot. Multiple sitting areas on the property to relax and breathe in nature.Travertine floors, custom fireplace with wood stove help create that rustic feel. Detached full size garage in the back of the lot with its own driveway is perfect for a garage conversion.This property can pay for itself for part time use or produce income as an Airbnb.Can also be that perfect mountain desert getaway or full time home.$255k for a home with these features and income potential is hard to find!Will go fast.

Interior Features

Full Bathrooms: 1
Fireplace: Living Room

Exterior Features

Garage: Garage, 2 Spaces
Parking: Circular Driveway, Garage Faces Front, Rv Access/parking, See Remarks
Lot: Back Yard, Desert Back, Desert Front, Front Yard, Horse Property, Horse Property Unimproved, Level With Street, Lot Over 40000 Sqft
View: City Lights, Desert, Hills, Mountain(s), Neighborhood, Panoramic, Rocks, See Remarks, Trees/woods

Utilities

Heating: Central
Cooling: Central Air

Property History

Dec 16, 2016
Home Sold
$144,000
Mar 17, 2016
Home Sold
$131,500
Aug 28, 2008
Home Sold
$179,000
Jan 21, 1997
Home Sold
$65,000

Tax History

YearProp. TaxesAssessment
2019$1,865$149,818
2018$1,820$146,880
2017$1,818$145,600
2016$1,729$137,300
2015$1,655$132,000

Other

Listing Office: Dalton Real Estate
MLS Number: OC20126018
New Construction: No
Directions: Hwy 62 to Little Morongo north, right on Alta Dena, left on Terrace, house on right Cross Streets: Altadena Dr
Added to Rocket Homes 3 months ago
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  1. Rocket Homes
  2. California
  3. San Bernardino County
  4. Morongo Valley
  5. 8429 Terrace Dr

This home is located at 8429 Terrace Dr in Morongo Valley, CA and zip code 92256. This 1,300 square foot home, which was built in 1973, sits on a 1.00 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 30, 2020 and is currently priced at $254,990.The neighbors living near this home have an average income of $32,520.

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