$270,000
●
House -
Off Market
1580 Red Clover Lane
Hemet, CA 92545
3 Beds
3 Baths
2,013 Ft²
$414,176
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
This lovely single story lakefront home is in the secure gated
community of Willowwalk in Southwest Hemet for easy access to the
215 or 15 freeways. Nearby is one of Hemet's largest and newest
shopping areas. West Valley High School and Harmony Elementary
within walking distance. The Willowwalk amenities include pool,
Jacuzzi, basketball courts, BBQs, walking trails, and more. For the
lake enthusiast, the new Diamond Valley Lake is 5 minutes away. As
you approach this home, you find the secluded front patio/lounging
area. This home features high ceilings, recessed LED lighting, dual
pane windows, carpet and tile mix, oversized walkin master
closet.....no.. it isn't another bedroom, fireplace, and the
ever-sought-after open floor plan. Going to the backyard, the
restful lake that this development is famous for is there for you
to enjoy. If you are severely allergic to cigarette odor, pass.
Unit Size
2,013 Ft²
Days on Market
217 days
Land Size
0.13 acres
Price per sqft
$134
Property Type
House
Property Taxes
-
HOA Dues
$184
Year Built
2006
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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 (CRMLS #SW17162049)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2018 | Sold | ||
| Sold | |||
| Jul 13, 2017 | Listed by Brubaker Culton R.E. & Dev. | $269,900 | |
| Listed by Brubaker Culton R.E. & Dev. | |||
Property Highlights
Air Conditioning
Fireplace
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Hemet
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Listed by: Gregory Treadwell, Brubaker Culton R.E. & Dev.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17162049
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17162049
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