$450,000
●
House -
Off Market
149 Johnston Ln
San Marcos, CA 92069
4 Beds
1 Bath
1,194 Ft²
$622,560
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
VRP $429,900 - $449,900 Must see remodeled home w/fully approved
plans for detached garage conversion to 480 sqft ADU! Home has been
remodeled to bring back all the charm you will appreciate. Lovely
fireplace in spacious living/dining room combo. Kitchen has new
dark cabinets & appliances including refrigerator. Indoor laundry
closet w/stackable washer/dryer. Newer windows throughout the
house. Gated backyard perfect for gatherings. Plenty of off street
parking w/room to park all the toys & RV. FHA/VA OK. All
measurements are approximate. Buyer's and Buyer's Broker/Agent
should verify measurements and complete thorough inspections and
investigations prior to Close of Escrow to satisfy themselves with
the current condition of the property. Buyer(s) to verify and
approve all data, reports, records, inspections, permits, MLS, HOA,
if applicable and all information pertaining to the property prior
to removal of contingencies. All contracts/offers are subject to
seller approval and any offers or counteroffers by seller are not
binding unless the entire agreement is ratified by all parties..
Neighborhoods: San Marcos Other Fees: 0 Sewer: Public
Sewer Topography: LL
Unit Size
1,194 Ft²
Days on Market
81 days
Land Size
0.12 acres
Price per sqft
$376
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1932
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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 #200017332)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2022 | No longer available | - | |
| No longer available | |||
| Sep 2, 2022 | Price Decreased |
$569,900
↓ $59K
(9.4%) | |
| Price Decreased | |||
| Jul 14, 2022 | Price Decreased |
$629,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jun 13, 2022 | Listed by RE/MAX Connections | $639,000 | |
| Listed by RE/MAX Connections | |||
| | |||
|
Centrally located walking distance to elementary school, quick freeway access and minutes to local shopping! This home was remodeled in 2020 by the previous owner. Huge driveway for easy parking, garage was converted to a guest space, plenty of room to add a bathroom. Lots of rental options!!! Main home has a nice open layout. Beautiful fireplace in family room. Indoor Laundry closet. Front yard has a beautiful vegetable garden with lots of gorgeous flowers. Backyard has several raised flower beds as well. Backyard has a large shed for storage and plenty of space of entertaining. The manager has listed the unit size as 1224 square feet.
| |||
| Jul 6, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About San Marcos
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Listed by: Miguel Molina, HomeSmart Realty West
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200017332
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200017332
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