$508,000
●
House -
Off Market
11325 Meridian Way
Riverside, CA 92505
5 Beds
3 Baths
2,581 Ft²
$795,812
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model
About This Property
Located in the desirable La Sierra Hills neighborhood in Riverside
this gorgeous home features a full remodel and is completely
turnkey. This home has 5 bedrooms, 3 baths, just under 2600
sqft on a large lot with great RV potential, private spa, and 3 car
garage. The center island kitchen has brand new appliances,
new quartz stone counter tops, new windows, recessed lighting, new
cabinets, and a custom tile back splash. The flooring has
been completely remodeled with a tile entry, high quality laminate
wood flooring downstairs, and brand new carpet upstairs and in the
bedrooms. This home also features all new dual pane energy
efficient windows, recent new roof, upgraded HVAC with allergy
filters, tankless water heater, 12' x 24' overhead deck from master
bedroom with view, 8 seat Spa, 10' x 12' tuff shed and 10' x 12'
steel frame - stucco shed. The yard has plenty of space for
the kids and pets to play.
Unit Size
2,581 Ft²
Days on Market
43 days
Land Size
0.28 acres
Price per sqft
$203
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989
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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 #PW18113848)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2018 | Sold | ||
| Sold | |||
| May 15, 2018 | Listed by Coldwell Banker Res. Brokerage | $525,000 | |
| Listed by Coldwell Banker Res. Brokerage | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About La Sierra Hills
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Listed by: Andrew Willoughby, Coldwell Banker Res. Brokerage
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18113848
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18113848
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