$2,590,000
●
House -
Off Market
1291 SUMMIT PLACE
Escondido, CA 92025
7 Beds
6 Baths
6,963 Ft²
$4,261,740
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
IMMACULATE RANCH PERFECT FOR THE HORSEMAN LIFESTYLE ON 6.87 ACRES,
50+ HORSE OCCUPANCY ZONED. THIS PROPERTY FEATURES AN IMPRESSIVE
5200 SQFT 5 BD/5 BA MAIN HOME, A 1800 SQFT 2BD/1BA GUEST HOUSE, AND
A 1152 SQFT STABLE QUARTERS WITH 1 BD/ 1.5 BA, 2 KITCHENS AND A BIG
TACK ROOM. THE PROPERTY HAS LIGHTED ARENAS, TWO FENCED PASTURES,
BIG ARENA WITH BIG DEEP BASE OF D.G WELL PACKED W/ SAND ON TOP,
TENNIS COURT, HEATED POOL AND FISHING POND. A SPECIAL DRAG FOR
ARENA. Neighborhoods: SUMMIT PLACE Equipment: Dryer,Fire
Sprinklers,Garage Door Opener,Pool/Spa/Equipment, Range/Oven,
Satellite Dish, Shed(s), Vacuum/Central, Washer Other Fees: 0
Sewer: Septic Installed Topography: GSL
Unit Size
6,963 Ft²
Days on Market
97 days
Land Size
-
Price per sqft
$402
Property Type
House
Property Taxes
-
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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 #180005696)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 9, 2019 | No longer available | - | |
| No longer available | |||
| Oct 31, 2018 | Relisted | $2,300,000 | |
| Relisted | |||
| Oct 29, 2018 | No longer available | - | |
| No longer available | |||
| Oct 11, 2018 | Price Decreased |
$2,598,800
↓ $200K
(7.2%) | |
| Price Decreased | |||
| Jul 24, 2018 | Listed | $2,798,800 | |
| Listed | |||
| | |||
|
THE BELLINI RANCH is THE ULTIMATE TROPHY ranch or farm for the most discriminating buyer. The property is an incredible 6.27 acre oasis that includes an impressive gated entrance. Endless entertaining opportunities... in perfect, move-In condition. No detail has been overlooked or expense spared.The home is very private and offers the ultimate living and entertainment opportunities. Huge storage building includes truck, tractors, and fully equipped work shop. The manager has listed the unit size as 6963 square feet.
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About East Canyon
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Listed by: Kathy Bader, Hass Team Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180005696
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180005696
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