$820,000
●
House -
Off Market
1508 Merritt Dr.
El Cajon, CA 92020
3 Beds
2 Baths
2,697 Ft²
$1,376,763
RealtyHop Estimate
61.97%
Since Oct 1, 2018
CA-San Diego
Primary Model
About This Property
Updated Contemporary Estate on 1.32 acres with room to build a 2
bedroom, 1200 sq. ft. 2nd home with design plans completed. New
inside and out... Paint, carpeting, updated kitchen with chef's
Island, granite counters, new dishwasher, range and hood.
Great Room has vaulted wood ceiling and includes living and
dining rooms with large view windows. Family room has vaulted wood
ceiling with cozy brick fireplace and patio doors that open to the
stunning mountain and valley views. The home is in a very
quiet neighborhood and is a beautiful blend of indoor and outdoor
living space. Activity areas are spread throughout the 2,700 sq.
ft. with large windows and over 700 sq. ft. of patio and decks
facing the southwest view. The property can be accessed from two
streets. The main entrance to the home is from Merritt Dr. The
proposed second dwelling would be accessed from Grove Road and is
on a level half acre. The living room, dining room, family room,
and master bedroom have vaulted ceilings. The large master bedroom
suite features a luxurious private bath with two sinks, granite
counters, separate over-sized shower, and deep soaking tub. The
finished attic has 180 sq. ft. of storage space..
Neighborhoods: Mount Merritt Equipment: Garage Door Opener,
Range/Oven Other Fees: 0 Sewer: Septic Installed Topography:
GSL
Unit Size
2,697 Ft²
Days on Market
93 days
Land Size
1.32 acres
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1980
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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 #180031320)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2023 | No longer available | - | |
| No longer available | |||
| Jul 18, 2023 | In contract | - | |
| In contract | |||
| Jun 8, 2023 | Listed by Keller Williams Realty | $1,299,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
This Beautifully updated 3 bed, 2 bath Estate is one you won't want to miss! Situated on 1.32 acres with room to build a 2 bedroom, 1200 sq. ft. 2nd home w/ design plans completed. Features of this home include OWNED SOLAR, newer paint, carpeting, updated kitchen with Chef's Island, granite counters, range w/ hood and a commercial 2 door side by side refrigerator/freezer. Living room and dining room have vaulted wood beamed ceilings with several large view windows to enjoy those gorgeous sunsets. The family room also has vaulted wood beamed ceilings w/ a cozy fireplace and patio doors that open to the stunning mountain and valley views! The large master bedroom features a luxurious private bath with double sinks, granite counters, separate over-sized shower, and deep soaking tub. Extremely quiet neighborhood and is a beautiful blend of indoor and outdoor living space. You will enjoy spending time on the back deck cooking on your built in BBQ and pizza oven or relaxing on one of the two separate decks that are facing the southwest views. The two car garage is also equipped with an EV charging outlet. The main entrance to the home is from Merritt Dr. The proposed second dwelling would be accessed from Grove Rd. and is on a level half acre. The possibilities are endless! The manager has listed the unit size as 2697 square feet.
| |||
| Sep 10, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Casa de Oro-Mount Helix
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Listed by: Bob Blessing, Keller Williams Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180031320
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180031320
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