$850,000
●
House -
Off Market
1608 Smiley Heights Drive
Redlands, CA 92373
5 Beds
3 Baths,
1
Half Bath
3,659 Ft²
$1,240,961
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
This Smiley Heights home in South Redlands was custom built for the
owners. It is set in an elegant and carefree garden. There are many
fruit trees, a pool, and spa, children's' play area, a gazebo and
raised planting beds. There is dual access from the road below. The
floorplan is excellent for multi-generational living with an
oversized master suite and four other bedrooms. The master has a
walk-in closet, large shower and jetted tub and its own private
balcony that looks out over the grounds. The main floor has a
separate en suite bedroom. There are three fireplaces. The solar
system ispaid for and there is a recently installed
Tesla car charger. The property is six-tenths of an acre with guest
house potential. Located in one of Redland's most desirable
neighborhoods with access to excellent schools. The views are
endless.
Unit Size
3,659 Ft²
Days on Market
138 days
Land Size
0.60 acres
Price per sqft
$245
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985
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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: 5 months ago (CRMLS #EV20053845)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2020 | Sold | ||
| Sold | |||
| Mar 13, 2020 | Listed by RITA SHAW BROKER & ASSOCIATES | $895,000 | |
| Listed by RITA SHAW BROKER & ASSOCIATES | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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Listed by: RITA SHAW, RITA SHAW BROKER & ASSOCIATES
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20053845
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV20053845
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