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$595,000
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House -
Off Market
16205 Sun Summit Drive
Riverside, CA 92503
4 Beds
4 Baths
2,705 Ft²
$896,554
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
This immaculate and stunning home is straight out of a home
magazine! Completely remodeled in 2016, it's located in the
highly-desirable and sought-after Riverside community of Lake
Hills. It features 4 bedrooms plus a downstairs bonus room (which
can be used as the 5th bedroom, an office or media room), 4
bathrooms, an MTV Cribs-like rock pool-and-spa, a gourmet kitchen
that opens up to the family room, Master Suite with a 10-shower
head as well as a balcony deck. As you walk into this home it'll
make you say WOW-WOW-WOW. You have to check out the 3D virtual tour
to see why! It sits on a premium 0.66/28,750 lot great for
entertaining inside and outside the home with a matching casita
storage unit, built-in gas BBQ island, and views you can enjoy of
the city and mountains. There's more! It comes with a 33-panel
SunPower solar system with YTD power production at 140% of home
energy usage and Net Metering that Edison pays you for excess
energy. Too much to list here! Hurry if you want to make this house
your home.
Unit Size
2,705 Ft²
Days on Market
84 days
Land Size
0.66 acres
Price per sqft
$225
Property Type
House
Property Taxes
-
HOA Dues
$97
Year Built
1995
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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 #IV19068412)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 19, 2019 | Sold | ||
| Sold | |||
| Mar 27, 2019 | Listed by PURPLEBRICKS REALTY INC. | $609,900 | |
| Listed by PURPLEBRICKS REALTY INC. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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
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Baths
ft²
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Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Lake Hills-Victoria Grove
Similar Homes for Sale
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Listed by: JONATHAN SHIDLER, PURPLEBRICKS REALTY INC.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19068412
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19068412
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