$135,000
●
Condo -
Off Market
1604 Montecito Rd #17
Ramona, CA 92065
2 Beds
1 Bath
884 Ft²
$220,114
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model
About This Property
Great low priced Ramona housing opportunity for investor or new
buyer! The condo needs some TLC with paint and drywall, but the
important things are all in working order. Wood floor in common
area. Tenant in possession. Please call for an appointment.
Neighborhoods: Montecito Equipment: Range/Oven Other Fees: 0
Sewer: Sewer Connected Topography: LL
Unit Size
884 Ft²
Days on Market
42 days
Land Size
-
Price per sqft
$153
Property Type
Condo
Property Taxes
-
HOA Dues
$180
Year Built
-
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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 #170013512)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2017 | Sold | ||
| Sold | |||
| Mar 17, 2017 | Listed by Transformation Realty | $135,000 | |
| Listed by Transformation Realty | |||
Property Highlights
Parking Available
Parking Details
Has Carport
Parking Features: Carport, Other
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Refrigerator
Laundry Features: Common Area, PropaneDryerHookup
Exterior Details
Has Property Attached
Square Footage: 884
Year Built: 1981
Levels: One
Construction Materials: Stucco
Pool Features: Community
Utilities Details
Cooling Type: Heat Pump
Heating Type: Electric, Forced Air
Location Details
HOA Fee: $180
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/20/2024
|
2 Bed
|
2 Bath
|
884 ft²
|
$329,000
2 Bed
2 Bath
884 ft²
|
$330,500
+0.46%
02/06/2025
|
Beau Bradford
Beau Bradford, Broker
| |
|
09/28/2021
|
3 Bed
|
2 Bath
|
1339 ft²
|
$375,000
3 Bed
2 Bath
1339 ft²
|
-
-
|
SUSAN WU
NATIONWIDE REALTY
| |
|
07/29/2017
| |
3 Bed
|
2 Bath
|
1339 ft²
|
-
3 Bed
2 Bath
1339 ft²
|
-
-
|
-
|
|
03/17/2017
|
2 Bed
|
1 Bath
|
884 ft²
|
$135,000
2 Bed
1 Bath
884 ft²
|
$135,000
04/28/2017
|
Chris Jensen
Coldwell Banker Realty
| |
|
01/27/2017
|
3 Bed
|
2 Bath
|
1248 ft²
|
$239,000
3 Bed
2 Bath
1248 ft²
|
$225,000
-5.86%
04/12/2017
|
Rosa Guerra
Realty ONE Group San Diego
| |
|
12/10/2012
|
3 Bed
|
2 Bath
|
1248 ft²
|
$99,900
3 Bed
2 Bath
1248 ft²
|
$100,000
+0.10%
02/07/2013
|
Richard Zelmer
Richard Zelmer
|
Building Info
About Ramona
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Listed by: Chris Jensen, Transformation Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170013512
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170013512
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