$218,000
●
House -
Off Market
1165 W 22nd Street
Merced, CA 95340
3 Beds
1 Bath
1,560 Ft²
$327,663
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
First time home buyers or investors! This home is immaculate
inside and out. Nicely updated while keeping the charm of the
era; central heat and air, dual pane windows, and a newer
composition roof. The kitchen features tile counters with
double sinks and a cozy eating area. It is close to schools,
shopping, restaurants and has easy access to the freeway for
commuters. All the rooms are spacious and have ample storage.
The bathroom has been nicely updated with neutral colored
tile and has a shower over tub combination. There is a nicely built
room addition with a separate entrance and indoor laundry that
could easily be used as a 4th bedroom or home office. The
home sits on a large corner lot and has a detached two garage with
alley access. If you are looking for a charming home at an
affordable price look no further. This home will not last
long.
Unit Size
1,560 Ft²
Days on Market
77 days
Land Size
0.17 acres
Price per sqft
$143
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
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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 #MC19075664)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 19, 2019 | Sold | ||
| Sold | |||
| Apr 3, 2019 | Listed by Century 21 Salvadori Realty | $222,900 | |
| Listed by Century 21 Salvadori Realty | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Merced
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Melinda Price, Century 21 Salvadori Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# MC19075664
Last Updated: 5 months ago
Data Source: CRMLS, MLS# MC19075664
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