$520,000
●
House -
Off Market
1616 Palomar Dr
San Marcos, CA 92069
3 Beds
2 Baths
1,257 Ft²
$761,626
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
PRIDE OF OWNERSHIP with many upgrades: vinyl windows, newer roof,
furnace and A/C, carpet and paint. Remodeled kitchen and baths too!
Move right in and start enjoying your large corner lot with small
pool and abundant side yard. Pool has new heater so you can extend
your summer fun! Side yard with peach tree and berries. Extra wide
driveway for RV parking! Walk to schools, shopping and huge
neighborhood park with playground. Minutes to freeway, Knob Hill
Elem, Mission Hills HS, Walmart and Costco. Neighborhoods: Knob
Hill Equipment: Pool/Spa/Equipment Other Fees: 0 Sewer: Sewer
Connected, Public Sewer Topography: LL
Unit Size
1,257 Ft²
Days on Market
65 days
Land Size
0.16 acres
Price per sqft
$414
Property Type
House
Property Taxes
-
HOA Dues
$31
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 #190047386)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2019 | Sold | ||
| Sold | |||
| Aug 25, 2019 | No longer available | - | |
| No longer available | |||
| Aug 25, 2019 | Listed by RE/MAX United | $520,000 | |
| Listed by RE/MAX United | |||
| Aug 22, 2019 | Price Decreased |
$530,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jul 29, 2019 | Price Decreased |
$535,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
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Property Highlights
Air Conditioning
Fireplace
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 San Marcos
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Listed by: Diane Conaway, RE/MAX United
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190047386
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190047386
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