$465,000
●
House -
Off Market
1393 Melody Lane
El Cajon, CA 92019
3 Beds
2 Baths
1,700 Ft²
$905,355
RealtyHop Estimate
92.67%
Since Jul 1, 2015
CA-San Diego
Primary Model
About This Property
Exquisite remodel! Spacious 3BR/2BA floor-plan features a designer
kitchen w/ granite counter tops, custom-cabinetry & drawers & all
new stainless-steel appliances. Dramatic raised ceiling in great
room & master retreat. All new travertine tile & carpet, custom
paint, new roof, new HVAC, recessed lighting, new fencing &
landscape, large 2-Car garage & lots of 'off-street' parking (RV?),
exterior stone design, private yard & more! NO HOA fees! Close to
neighborhood parks, schools, shopping & I-8 freeway. Neighborhoods:
Granite Hills Equipment: Range/Oven Other Fees: 0 Sewer:
Sewer Connected Topography: LL
Unit Size
1,700 Ft²
Days on Market
369 days
Land Size
0.19 acres
Price per sqft
$276
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975
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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 #140030401)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 17, 2021 | No longer available | - | |
| No longer available | |||
| Oct 28, 2021 | In contract | - | |
| In contract | |||
| Sep 28, 2021 | Listed by Redfin Corporation | $749,000 | |
| Listed by Redfin Corporation | |||
| | |||
|
Stunningly immaculate single level home - MOVE IN READY! Step inside to find a spacious open floor plan with upgrades throughout, including: a designer chef’s kitchen with granite countertops, custom built cabinetry, new LG stainless-steel appliances, high ceilings in the great room and master retreat, travertine flooring, recessed lighting, updated bathrooms, and so much more! The home also boasts a detached 2-Car garage (option for ADU), a concrete patio with a dedicated dog run that's perfect for furry family members and entertaining, and two mature lemon trees, as well as one mature lime, avocado, and pecan tree. The manager has listed the unit size as 1666 square feet.
| |||
| Jun 10, 2015 | Sold | ||
| Sold | |||
| Jun 6, 2014 | Listed by Century 21 Award | $469,900 | |
| Listed by Century 21 Award | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About El Cajon
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Listed by: Todd Romano, Century 21 Award
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140030401
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140030401
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