$475,000
●
House -
Off Market
1341 Magnolia Avenue
Redlands, CA 92373
3 Beds
2 Baths
2,056 Ft²
$734,265
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
Single level home just in time for summer! Situated on a large,
corner lot, this home is move-in ready. It has a spacious formal
living room and dining room in the front of the house. The open
concept kitchen opens into a large family room with fireplace. It
was remodeled with light wood cabinets and solid surface counters.
There is a charming breakfast nook just off the kitchen and a good
sized laundry room too. A sliding glass door leads out to the
in-ground pool, spa and a covered patio. Lots of pool deck for
entertaining and summer fun. The master is large with a wall of
closets and vaulted ceilings. The windows were replaced with dual
paned windows. Brand new carpet throughout the house. Excellent
Redlands schools.
Unit Size
2,056 Ft²
Days on Market
64 days
Land Size
0.23 acres
Price per sqft
$243
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979
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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 (CRMLS #EV19079260)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2019 | Sold | ||
| Sold | |||
| Apr 10, 2019 | Listed by RITA SHAW BROKER & ASSOCIATES | $499,500 | |
| Listed by RITA SHAW BROKER & ASSOCIATES | |||
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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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About South Redlands
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Listed by: RITA SHAW, RITA SHAW BROKER & ASSOCIATES
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV19079260
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV19079260
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