$515,000
●
House -
Off Market
103 S Mercedes Rd
Fallbrook, CA 92028
3 Beds
2 Baths
1,620 Ft²
$669,140
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Welcome to this charming & remodeled single story. This corner-lot
home is nestled in a peaceful neighborhood & features
picture-perfect curb appeal, a gorgeous upgraded kitchen
w/Brazilian marble counters & sleek modern cabinets, updated
ceramic tile floors, remodeled baths w/matching marble counters,
vaulted ceilings, spacious open floorplan, large master suite,
mirrored closets in all beds, huge yard w/tons of privacy, great
location walking distance to town, close to schools & shopping
centers. No HOA Additional upgrades/updates include: all
flooring, countertops, new sinks & faucets, recessed lighting,
thermostat & mother board for AC unit, extra storage in the garage
(built-in cabinets & work station plus overhead storage), sprinkler
timer box, new kitchen appliances and windows. Refrigerator,
washer, dryer & flagpole do not convey.. Neighborhoods:
Fallbrook Equipment: Garage Door Opener, Range/Oven Other Fees: 0
Sewer: Sewer Connected, Public Sewer Topography: LL
Unit Size
1,620 Ft²
Days on Market
36 days
Land Size
0.16 acres
Price per sqft
$306
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1995
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (SDMLS #200036178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $725,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 8, 2024 | Listed by eXp Realty of Southern CA | $725,000 | |
| Listed by eXp Realty of Southern CA | |||
| | |||
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Welcome to 103 South Mercedes Rd, a charming, turnkey home settled in a peaceful neighborhood just over a mile outside of downtown Fallbrook. The home is suited with ceramic tile floors, elegant Brazilian marble counters matching the kitchen and bathrooms, and stainless steel appliances. The property offers even more with an open floor plan boasting sizable living spaces, airy vaulted ceilings throughout, a large primary bedroom, a spacious private backyard, a finished 2-car garage with built-in cabinets, work station and overhead storage. Location is key! Whether you want to be within walking distance of schools and parks, enjoy the Avocado Festival downtown, or be minutes away from standout wineries and venues such as Vineyard 1924 and Monserate Winery, This home has all you need!
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Fallbrook
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Listed by: Serri Rowell, Sea Villa Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200036178
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200036178
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