$500,000
●
House -
Off Market
1387 Plumwood Lane
Mentone, CA 92359
3 Beds
2 Baths
1,202 Ft²
$547,701
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Charming remodeled 1997 year built home with 3 bedrooms 2 baths
with approximately 1300 square feet nestled in Mentone, about 3
miles outside Redlands. The home features a remodeled kitchen
featuring beautiful granite countertops, stainless steel
appliances, and modern gray cabinets. The home highlights a dark
mocha colored flooring throughout, recessed lighting, tall ceilings
and finished with modern white walls. Spacious bedrooms and
semi-open floor plan. The home is located in a wonderful
established neighborhood close to grocery stores, Starbucks,
fitness center, restaurants and more. Off of highway 38 with direct
access to Big Bear. Great for first time home buyers, second home,
and investors.
Unit Size
1,202 Ft²
Days on Market
37 days
Land Size
0.12 acres
Price per sqft
$432
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997
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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: 25 days ago (CRMLS #219085356DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2022 | Sold | ||
| Sold | |||
| Oct 4, 2022 | Listed by Berkshire Hathaway HomeServices California Properties | $519,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
| | |||
|
Charming remodeled 1997 year built home with 3 bedrooms 2 baths with approximately 1300 square feet nestled in Mentone, about 3 miles outside Redlands. The home features a remodeled kitchen featuring beautiful granite countertops, stainless steel appliances, and modern gray cabinets. The home highlights a dark mocha colored flooring throughout, recessed lighting, tall ceilings and finished with modern white walls. Spacious bedrooms and semi-open floor plan. The home is located in a wonderful established neighborhood close to grocery stores, Starbucks, fitness center, restaurants and more. Off of highway 38 with direct access to Big Bear. Great for first time home buyers, second home, and investors.
| |||
| Aug 3, 2022 | No longer available | - | |
| No longer available | |||
| Jul 26, 2022 | In contract | - | |
| In contract | |||
| Jul 24, 2022 | Listed by Compass | $499,000 | |
| Listed by Compass | |||
| | |||
|
Charming 1997 year built home 3 bedroom 2 bath home nestled in the city of Mentone. The home features vaulted ceilings, semi-open floor plan, fireplace in living room and recessed lighting. Sizable master bedroom with walk in closet, classy master bathroom with large shower stall. Seating area available in rear yard. The manager has listed the unit size as 1202 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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About Mentone
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Listed by: Jorge Sanchez, Berkshire Hathaway HomeServices California Properties
Last Updated: 25 days ago
Data Source: CRMLS, MLS# 219085356DA
Last Updated: 25 days ago
Data Source: CRMLS, MLS# 219085356DA
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