Property Detail

Description

Assumable mortgage at 3.625%! Assumable first mortgage of $1,425,000 with a 3.625% fixed rate for 38 years. Repayment terms are: first 8 years are interest only payments of $4,304.69. The remaining 30 years are fully amortized with a payment of $6,498.73. APR is 3.625%. Buyer must put a minimum of 20% down and obtain a second mortgage from a traditional mortgage lender OR put 41% down. Welcome to Olive Manor. The romantic, English Tudor estate property in the heart of the Temecula Valley Wine Country! Take the long, dreamy drive up to this European masterpiece that is right where it belongs in Southern California's Tuscany. The incredibly manicured and lush 2.58 acres is filled with 75 producing olive trees, 12 grapefruit trees and large, mature eucalyptus and sycamore trees, which create a pleasant peek-a-boo view of Olive Manor as you enter this gated 5,000 square foot estate. The massive pebble tech pool and spa are the centerpiece of this entertainer's dream backyard with outdoor kitchen and covered patio dinning. The tiered upper and lower lawns are perfect for lawn games and wedding parties. On the interior, the large library with vaulted ceilings and a medieval-style chandelier steals the show, along with the chef's kitchen complete with dual sinks, dual microwaves and dual ovens and a massive double fridge and freezer. The kitchen also includes a large built in icemaker and wine chiller. Upstairs the massive primary suite has a private deck and separate tub and shower combo. The home also boasts 3 fireplaces, hundreds of feet of vinyl fencing, including privacy fencing. The property also has a large dog run, a tack room built in 2016 with roughed-in electrical and plumbing, professionally installed irrigation systems, and a large detached shed also with roughed-in plumbing. No HOA. Short-term rental possibilities. Inquire with seller/county. Furniture can be purchased on separate bill of sale.