$270,500
●
House -
Off Market
1541 Melody Lane
El Cajon, CA 92019
3 Beds
2 Baths
1,540 Ft²
$616,714
RealtyHop Estimate
151.72%
Since Feb 1, 2013
CA-San Diego
Primary Model
About This Property
SHORT SALE. Great location. Some deferred maintenance. Some slab
issues due to tree roots. Perfect for an investor or someone
willing to do some work. The home is being sold in its
current condition. The buyer is to complete thorough investigations
before the close of escrow. Information contained herein is deemed
reliable but is not guaranteed. Monthly and yearly fees such as HOA
fees, special assessments and taxes to be verified by buyer prior
to expiration of contingency periods. All measurements are
approximate and buyer to verify all during inspection period.
Equipment: Garage Door Opener, Range/Oven, Satellite Dish, Shed(s)
Other Fees: 0 Sewer: Sewer Connected Topography: LL
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$159
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973
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Cap Rate Calculator
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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 #120054242)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2024 | No longer available | - | |
| No longer available | |||
| Apr 13, 2024 | In contract | - | |
| In contract | |||
| Mar 30, 2024 | Listed by Real Broker | $899,000 | |
| Listed by Real Broker | |||
| | |||
|
This upgraded single-level home is the epitome of move in ready! Step inside this open concept floor plan to new lush carpeting and engineered hardwood floors, fully updated bathrooms, fresh paint, recessed lighting, remodeled fireplace and easy indoor to outdoor entertaining options off the kitchen. The garage has been thoughtfully converted into additional living space, complete with a convenient kitchenette. Whether you use it as a guest suite, home office, or recreational area, the possibilities are endless. Functional upgrades such as solar panels, newer roof and HVAC system with hospital grade allergen filtration system only add to the comfort. Custom pavers, new fencing and lush turf enhance the curb appeal, making this home a standout in the neighborhood. The manager has listed the unit size as 1540 square feet.
| |||
| Jan 18, 2013 | Sold | ||
| Sold | |||
| Oct 29, 2012 | Listed by Trinity San Diego Real Estate | $245,000 | |
| Listed by Trinity San Diego Real Estate | |||
Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About El Cajon
Similar Homes for Sale
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Listed by: Chad Hughes, Trinity San Diego Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 120054242
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 120054242
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