$600,000
●
House -
Off Market
1407 Somermont Drive
El Cajon, CA 92021
4 Beds
3 Baths
3,223 Ft²
$1,239,299
RealtyHop Estimate
98.29%
Since Mar 1, 2015
CA-San Diego
Primary Model
About This Property
BOM NO FAULT OF PROPERTY. APPRAISED THIS MONTH AT $610,000.
GORGEOUS NEWLY RENOVATED ESTATE STYLE HOME WITH PANORAMIC VIEWS!
1.3 ACRES OF USABLE LAND, APPX. 1500 SQ FT PULL THROUGH GARAGE W/
OVER-SIZED DOORS. FIRE SPRINKLERS THROUGHOUT. FRUIT/AVOCADO
ORCHARD. AMAZING KITCHEN W/ ROOM FOR THE ENTIRE FAMILY. DUAL MASTER
SUITES, ONE UP & ONE DOWN. ROOM FOR ALL OF YOUR TOYS! CUSTOM WOOD
FENCE & DECKING. NEW EVERYTHING! TRADITIONAL SALE. SLR HAS NOT
LIVED IN PROP & MAKES NO REPRESENTATIONS.. Neighborhoods: El
Cajon Equipment: Range/Oven Other Fees: 0 Sewer: Sewer
Connected Topography: GSL
Unit Size
3,223 Ft²
Days on Market
189 days
Land Size
1.30 acres
Price per sqft
$194
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2001
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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 #140043256)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 11, 2015 | Sold | ||
| Sold | |||
| Aug 6, 2014 | Listed by Steele Canyon Realty | $625,000 | |
| Listed by Steele Canyon Realty | |||
| Feb 15, 2013 | Sold | ||
| Sold | |||
| Dec 11, 2012 | Listed by Keller Williams Realty | $345,000 | |
| Listed by Keller Williams Realty | |||
 | |||
|
TRADITIONAL SALE!!! THIS SPECIALLY CONSTRUCTED GREEN PROPERTY BOASTS CHARACTER & OPPORTUNITY! WALLS (6in) & FLOORS (12in) ARE SPECIALLY ENGINEERED WITH STYROFOAM (See attachment). HOME IS EQUIPPED WITH SOLAR PANELS AND A SOLAR WATER HEATING SYSTEM MASSIVE 4 CAR+ GARAGE / SHOP HAS EXTRA TALL CEILINGS PERFECTLY SUITED FOR A HOME BASED CONTRACTOR OR MECHANIC THIS PROPERTY WAS NEVER COMPLETED AND IS WAITING FOR YOUR FINISHING TOUCHES HUGE UPPER STORY CAN ME DIVIDED INTO ADDTIONAL ROOMS SEE SUPPLIMENTAL 1ST STORY IS A LARGE TANDEM GARAGE & THE 3RD STORY (23X49) THAT WAS INTENDED TO BECOME A DANCE STUDIO, CAN BE DIVIDED INTO AS MANY BEDROOMS, BATHROOMS OR ? AS NEEDED. THIS HOME NOT ONLY HAS PHENOMENAL VIEWS FROM THE TOP STORY AND ITS 2 BALCONYS BUT ALSO FROM THE ENTRY LEVEL AS WELL. LANDSCAPE OBTAINS 36 FRUIT TREES (16 Avocado, 4 Citrus, 2 Macadamia, 2 Pomegranates, 2 Apple, 1 Pineapple Guava, 2 Strawberry Guava, 1 Apricot, 2 Sapota, 1 Loquat, 1 Persimmon, 1 Nectarine and 1 Walnut) AND PLENTY MORE LAND SPACE FOR YOU'RE CHOOSING. BRING YOUR TOOLS & FINISH THIS AMAZING GREEN PROPERTY!!! Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: GSL
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Bostonia
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Listed by: Lisa Ruiz, Steele Canyon Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140043256
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140043256
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