$325,000
●
House -
Off Market
1627 Clay Street
Redlands, CA 92374
4 Beds
2 Baths
1,453 Ft²
$500,684
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model
About This Property
HUGE Price reduction!!! Single Story 3 Bedroom 1 Bath Craftsman
Home with a 1 Bedroom 1 Bath Rental/Guesthouse in back Assessor
records show 2 single family residences, easy to rent for
additional income.
Near Citrus Valley High, Soccer Park, Middle and Elementary schools. Also walking distance to Orange Street and Downtown Redlands. Quick drive to Mountain Grove, with shopping, upscale restaurants and Harkins movie theatre.
Built in 1954, Original Craftsman Fireplace in the Living room. Rare, original Craftsman Cabinets and Closets. Lovely Original Hardwood floors. Cooks kitchen. Main home has been updated with Central Air Conditioning, New Paint. Back home features a Bedroom, Living Area and Kitchen, also its own Laundry room. Back home has private alley access and parking.
Entire property has been freshly painted. Brand New Driveway. Ready for your family to enjoy.
Easy Freeway access and near local schools and shopping. Homes do not come on the market in this neighborhood very often.
This Duplex is priced to sell.
Near Citrus Valley High, Soccer Park, Middle and Elementary schools. Also walking distance to Orange Street and Downtown Redlands. Quick drive to Mountain Grove, with shopping, upscale restaurants and Harkins movie theatre.
Built in 1954, Original Craftsman Fireplace in the Living room. Rare, original Craftsman Cabinets and Closets. Lovely Original Hardwood floors. Cooks kitchen. Main home has been updated with Central Air Conditioning, New Paint. Back home features a Bedroom, Living Area and Kitchen, also its own Laundry room. Back home has private alley access and parking.
Entire property has been freshly painted. Brand New Driveway. Ready for your family to enjoy.
Easy Freeway access and near local schools and shopping. Homes do not come on the market in this neighborhood very often.
This Duplex is priced to sell.
Unit Size
1,453 Ft²
Days on Market
127 days
Land Size
0.15 acres
Price per sqft
$227
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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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 #EV18172520)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2018 | Sold | ||
| Sold | |||
| Jul 17, 2018 | Listed by MATRIX ESTATE GROUP | $329,900 | |
| Listed by MATRIX ESTATE GROUP | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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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HOA + Taxes
About North Redlands
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: DEBORAH JACOBS, MATRIX ESTATE GROUP
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18172520
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18172520
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