$620,000
●
House -
Off Market
1203 Merritt Drive
El Cajon, CA 92020
3 Beds
2 Baths
1,940 Ft²
$1,015,542
RealtyHop Estimate
61.45%
Since Sep 1, 2018
CA-San Diego
Primary Model
About This Property
VIEWS, VIEWS, VIEWS from this desirable Mt. Merritt home!
This 3 bedroom, 2 bath home has a great open style kitchen
w/stainless appliances, wood style flooring and updated baths. New
heating and air as well as whole house fan. The home offers a
large, flat lot where you can create your own dream backyard with
endless views towards Mt. Helix! In addition it comes
w/another .88 acre lot to build a granny flat or leave as is. This
home is priced to sell and ready for its next family!
Neighborhoods: Mt. Merritt Equipment: Shed(s) Other Fees: 0
Sewer: Septic Installed Topography: LL,RSLP
Unit Size
1,940 Ft²
Days on Market
92 days
Land Size
-
Price per sqft
$324
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
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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 (SDMLS #180024319)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 8, 2018 | Sold | ||
| Sold | |||
| May 8, 2018 | Listed by Berkshire Hathaway HomeService | $629,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| Mar 27, 2014 | Sold | ||
| Sold | |||
| Nov 20, 2013 | Listed by Assist 2 Sell Woodson Realty | $469,900 | |
| Listed by Assist 2 Sell Woodson Realty | |||
| | |||
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Mt Merritt View property. Remodeled home with separate living and family room. Has remodeled kitchen and granite counters, upgraded appliances, beautiful polished wood floors and custom tile floors. Has remodeled bathrooms and dual pane windows, large patio area. APN 493-270-21-00 lot is included. See Supplement for more details. Neighborhoods: Mt Merritt Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Septic Installed Topography: LL,GSL
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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
Comparables
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ft²
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HOA + Taxes
About Casa de Oro-Mount Helix
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Listed by: Michele Berlin, Berkshire Hathaway HomeService
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180024319
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180024319
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