1388 Challis Pl. #225
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2023 | No longer available | - | |
| No longer available | |||
| Aug 3, 2023 | In contract | - | |
| In contract | |||
| Jul 26, 2023 | Listed by Keller Williams Realty, San Diego North Inland | $645,500 | |
| Listed by Keller Williams Realty, San Diego North Inland | |||
| | |||
|
Check out this beautiful home in the heart of Otay Ranch, offering a stunning view of the pool! Located in a highly desirable location within the complex, this condo is a true gem. Step inside and be greeted by the immaculate new flooring and fresh paint that exude a sense of elegance and modernity. The attention to detail is evident throughout, making this home truly move-in ready. Stay cool during those warm summer days with the bay ceiling fans and air conditioning, ensuring your comfort all year round. The open floor plan allows for seamless flow between the living, dining, and kitchen areas, perfect for entertaining guests or enjoying quality time with loved ones. This condo also boasts a one-car attached garage, providing convenience and security for your vehicle. The complex itself is meticulously maintained, offering a peaceful and serene environment. Take advantage of the community amenities, including a sparkling pool, where you can relax and unwind after a long day. With its prime location in Otay Ranch, you'll have easy access to a variety of shopping, dining, and entertainment options. Plus, the proximity to major highways ensures a quick commute to work or exploring the vibrant city. The manager has listed the unit size as 1416 square feet.
| |||
| Jun 11, 2019 | Sold | ||
| Sold | |||
| Apr 26, 2019 | Listed by houserebate.com | $399,000 | |
| Listed by houserebate.com | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/07/2024
|
2 Bed
|
2 Bath
|
1066 ft²
|
$577,000
2 Bed
2 Bath
1066 ft²
|
$570,000
-1.21%
02/03/2025
|
Angel Wade
Compass
| |
|
09/29/2024
|
2 Bed
|
2 Bath
|
959 ft²
|
$580,000
2 Bed
2 Bath
959 ft²
|
$560,000
-3.45%
12/03/2024
|
Cindy Rankin
First Team Real Estate
| |
|
07/26/2023
|
3 Bed
|
2 Bath
|
1416 ft²
|
$645,500
3 Bed
2 Bath
1416 ft²
|
$661,000
+2.40%
08/16/2023
|
Melissa Huk
Keller Williams Realty, San Diego North Inland
| |
|
03/09/2021
|
3 Bed
|
2 Bath
|
1315 ft²
|
$479,000
3 Bed
2 Bath
1315 ft²
|
-
04/30/2021
|
Ayush Vats
| |
|
07/18/2020
|
3 Bed
|
2 Bath
|
1478 ft²
|
$479,900
3 Bed
2 Bath
1478 ft²
|
-
09/18/2020
|
Rick Andrews
| |
|
07/10/2019
|
2 Bed
|
2 Bath
|
1066 ft²
|
$353,000
2 Bed
2 Bath
1066 ft²
|
$360,000
+1.98%
08/06/2019
|
Peter Carlseen
BHGRE Clarity
| |
|
04/04/2019
|
3 Bed
|
2 Bath
|
1416 ft²
|
$399,900
3 Bed
2 Bath
1416 ft²
|
$400,000
+0.03%
06/11/2019
|
Brian Yui
| |
|
03/24/2017
|
3 Bed
|
2 Bath
|
1416 ft²
|
$330,000
3 Bed
2 Bath
1416 ft²
|
$330,000
05/03/2017
|
Rita Andrade
Real Broker
| |
|
04/06/2016
|
2 Bed
|
2 Bath
|
959 ft²
|
$259,000
2 Bed
2 Bath
959 ft²
|
$255,000
-1.54%
05/13/2016
|
Suzanne Morris
Solana Pacific Properties
| |
|
08/07/2015
|
3 Bed
|
2 Bath
|
1315 ft²
|
$298,000
3 Bed
2 Bath
1315 ft²
|
$289,900
-2.72%
02/29/2016
|
Jason Munsterteiger
Realty Executives Dillon
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017