$525,000
●
House -
Off Market
120 Terrace Ln
San Marcos, CA 92069
3 Beds
2 Baths
1,293 Ft²
$764,946
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model
About This Property
Welcome to this beautiful single story home in San Marcos! Usable
flat lot with a great split floor plan for families with many
recent upgrades. Imagine enjoying BBQ's in the backyard with your
family by the fruit trees and gardens. The property has grapefruit,
lemons, olives, Peruvian cactus apples, and many types of flowers.
Close proximity to Lake Moree, Knob hill Park, Cal State San
Marcos, Palomar College, Costco & Walmart. This home is ready
for you to make it your own. Neighborhoods: Rancho Los Vallecitos
Equipment: Range/Oven Other Fees: 0 Sewer: Septic
Installed Topography: LL
Unit Size
1,293 Ft²
Days on Market
90 days
Land Size
0.27 acres
Price per sqft
$406
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961
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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 #190057517)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2020 | Sold | ||
| Sold | |||
| Oct 19, 2019 | Listed by Compass | $525,000 | |
| Listed by Compass | |||
| Oct 6, 2017 | Sold | ||
| Sold | |||
| Aug 30, 2017 | Listed by Windermere Homes & Estates | $399,900 | |
| Listed by Windermere Homes & Estates | |||
 | |||
|
BACK UP OFFERS WELCOMED. House has great bones but needs work. Interior is in good condition and move in ready but kitchen and bathrooms are dated. carpet in common areas with untarnished wood floors in all bedrooms. Sitting on a good sized lot with lots of green grass and mature trees, you can catch a nice breeze sitting in your backyard. Lots of potential here.Current schools are Knob Hill Elementary, Woodland Park Middle and Mission Hills High School. Neighborhoods: Ranchos Los Vallecitos Other Fees: 0 Sewer: Septic Installed Topography: GSL
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Property Highlights
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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About San Marcos
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Listed by: Vidi Henely, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190057517
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190057517
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