$320,000
●
House -
Off Market
12507 Melrose Place
El Cajon, CA 92021
6 Beds
3 Baths
2,046 Ft²
$614,088
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model
About This Property
This home has potential, but needs inmediate updating and repairs.
HAS A LOT OF DEFERRED MAINTENANCE, NEED CASH OFFERS ONLY! NEEDS
EVERYTHING, PAINT, CARPET, KITCHEN CABINETS NEED TO BE REPLACE,
BATROOMS NEED TO BE UPGRADE, ALL APPLIANCES NEED TO BE REPLACE,
POOL IS BEEN DRAINED BY SELLER AND IS NOT SERVICEABLE, BEEN W/OUT
WATER FOR THE LAST 2 YEARS. Nice sized back yard needs LOTS a work.
PROPERTY SOLD AS IS, NO REPAIRS, NO TERMITE CLEARENCE, NOT HOME
WARRANTY, PROPERTY MAY HAVE UNPERMITTED ROOM. Neighborhoods: CASA
DEL SOL Equipment: Pool/Spa/Equipment, Range/Oven Other Fees: 0
Sewer: Sewer Connected Topography: LL,GSL
Unit Size
2,046 Ft²
Days on Market
277 days
Land Size
0.24 acres
Price per sqft
$154
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978
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Cap Rate Calculator
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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 #120062251)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2019 | No longer available | - | |
| No longer available | |||
| Jun 9, 2019 | Price Increased |
$725,000
↑ $100
(0%) | |
| Price Increased | |||
| May 17, 2019 | Listed | $724,900 | |
| Listed | |||
| | |||
|
The manager has listed the unit size as 2046 square feet.
| |||
| Feb 7, 2014 | Sold | ||
| Sold | |||
| Nov 27, 2013 | Listed by Keller Williams Realty | $525,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
YOU MUST SEE..!!Make this beauty your home! Very open living room with a great fireplace! New kitchen with cherrywood cabinets and beautiful granite countertops, new pantry, new stainless steel appliances, new bathrooms, new carpet, new stainless steel ceiling fans with remote control, new elegant fixtures, balcony off one of the 5 bedrooms overlooking the newly refurbished pool & Jacuzzi, epoxy garage floor, new landscaping with water fountain in front yard, new wood side gates. Huge lot with RV parking Neighborhoods: CASA DEL SOL Equipment: Pool/Spa/Equipment, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL,GSL,SSLP
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
Status
Type
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Baths
ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Winter Gardens
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Listed by: Elizabeth Ruiz, Keller Williams Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 120062251
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 120062251
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