1
Map
$1,050,000
●
House -
Off Market
1113 W Palm Avenue
Redlands, CA 92373
5 Beds
2 Baths,
1
Half Bath
3,500 Ft²
$1,745,337
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model
About This Property
This historic Redlands home was built in 1909 by Cornelia Hill, the
celebrated builder of the Kimberly Crest mansion. The home has been
lovingly restored with period Arts and Craft detail. A television
show did the first floor restoration last summer. The foundation
has been seismically retrofitted along with new wiring, plumbing
(except for main vintage bathroom) and efficient heating and air
conditioning systems in the main house and carriage house. The lot
is approximately .65 of an acre with lush green lawns and a 40 foot
swimming pool to cool off on warm summer days. The main house has
three bedrooms and one and a half baths, the carriage house has two
apartments, an upper and a lower.The upper is two bedrooms and one
bathroom with a living room, kitchen and laundry porch. The
lower is a one bedroom, one bath with a living room, kitchen and
inside laundry.There is RV parking with full hookups located next
to the carriage house. The Carriage house apartment is being sold
fully furnished and the main house antiques are available.
Unit Size
3,500 Ft²
Days on Market
114 days
Land Size
0.65 acres
Price per sqft
$329
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1906
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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: 5 months ago (CRMLS #EV18169197)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2018 | Sold | ||
| Sold | |||
| Jul 14, 2018 | Listed by RITA SHAW BROKER & ASSOCIATES | $1,150,000 | |
| Listed by RITA SHAW BROKER & ASSOCIATES | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About South Redlands
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Listed by: RITA SHAW, RITA SHAW BROKER & ASSOCIATES
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18169197
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18169197
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