$330,500
●
Condo -
Off Market
1604 Montecito Road #24
Ramona, CA 92065
2 Beds
2 Baths
884 Ft²
$1,874
Est. Monthly
$258
HOA / Fees
10.91%
Cap Rate
About This Property
*Accepting Backup Offers* *Condo Approved for VA financing*
Unique 2bd/1.25ba sunny southwest second story corner
residence with no one above or below you, offers an open floor plan
with a lot of natural light that gives a roomy feeling to this cozy
home. Spacious bedrooms with master walk in closet and en
suite sink and vanity. Recently renovated with all new brushed
nickel fixtures, new carpet and fresh paint offers a tremendous
opportunity and the most affordable value for first time buyers or
investors in the neighborhood. This gated complex includes
pool, clubhouse, laundry facilities, reserved covered parking and
storage beneath the unit and a 2nd uncovered parking spot, all with
very low HOAs. Great location and walkability to the center of
town, schools, shopping, supermarkets, post office, library,
downtown Ramona and more.
Unit Size
884 Ft²
Days on Market
48 days
Land Size
0.91 acres
Price per sqft
$372
Property Type
Condo
Property Taxes
-
HOA Dues
$258
Year Built
-
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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: 2 years ago (CRMLS #PTP2407676)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Dec 20, 2024 | Listed by Bradford Management | $329,000 | |
| Listed by Bradford Management | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Open Parking Spaces: 1
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Bedrooms on Main Level: 2
Full Bathrooms: 1
Bathrooms on Main Level: 1
Levels: One
Interior Features: All Bedrooms Up, Walk In Closets
Living Area Square Feet Source: PublicRecords
Laundry Features: Common Area
None
Exterior Details
Year Built: 1981
Parcel Number: 2811602224
Home Type: Residential
Pool Features: Community, Fenced, In Ground, Association
Lot Size Source: PublicRecords
Lot Size Acres: 0.905
Utilities Details
Cooling Type: Central Air
Utilities: See Remarks
Location Details
Association Amenities: Maintenance Grounds, Insurance, Pool
Association Fee: $258
Association Fee Frequency: Monthly
Community Features: Sidewalks, Pool
High School District: Ramona Unified
Directions: Main Street to Montecito Rd. Cross Street N. Ramona Street
Other Details
Listing Terms: Cash, Conventional
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: Beau Bradford, Bradford Management
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2407676
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2407676
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