$345,000
●
House -
Off Market
1283 Bear Springs Road
Rimforest, CA 92378
2 Beds
2 Baths
1,375 Ft²
$403,220
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Charming historical home! This home is located on a large lot with
trees. The house is just off Highway 18, so access is easy. It's a
short walk to restaurants and shops. This could be a great
full-time home, a weekend retreat, or even a very desirable
short-term rental. With a little cosmetic updating, this vintage
property will be spectacular. It was built in 1928 and was one of
the first homes in the area. There are photos of the house from the
1930s and 1940s. The playset in the back is included. It's the
perfect location for barbecues and get-togethers in the summer.
Imagine yourself having a Friendsgiving, Thanksgiving, or hosting
other holidays with snow on the ground. The home had significant
structural renovations about ten years ago, including a new roof.
Put this on your list of must-see homes.
Unit Size
1,375 Ft²
Days on Market
76 days
Land Size
0.26 acres
Price per sqft
$247
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1928
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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 (CRMLS #RW2300276)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2021 | Sold | ||
| Sold | |||
| Mar 4, 2021 | Listed by Elevate Realty | $339,000 | |
| Listed by Elevate Realty | |||
Property Highlights
Parking Available
Fireplace
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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Sold On
HOA + Taxes
About Lake Arrowhead
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Listed by: Lisa Bolanos, Elevate Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# RW2300276
Last Updated: 4 months ago
Data Source: CRMLS, MLS# RW2300276
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