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$582,000
●
House -
Off Market
16479 Sun Summit Drive
Riverside, CA 92503
5 Beds
3 Baths
2,626 Ft²
$799,178
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
The inviting Interior of this SOLAR-powered Lake Hills View Home
with a BEDROOM DOWN features a Formal Living and Dining Room upon
entry. An Entertainer's Kitchen complete with Island, Granite
Counters, Recessed Lighting, Walk-In Pantry, and beautiful Wood
Cabinets all open to the spacious fireplace-warmed Family Room. The
family-friendly layout boasts a Downstairs Bedroom and Bathroom, a
Master Suite with Viewing Deck, and 3 other bedrooms Upstairs with
a Nook for your Computer or Work Space. You can enjoy the Fully
Landscaped Entertainers Dream Backyard with a Covered Patio and
built-in BBQ. Situated on a vast expanse of 750 acres, Lake Hills
offers its residents an ideal mountaintop locale with the HIGHLY
rated Lake Hills Elementary School removed from city life, yet
close to the many cultural and educational amenities of Riverside
County. Make your Appointment today!
Unit Size
2,626 Ft²
Days on Market
61 days
Land Size
0.18 acres
Price per sqft
$217
Property Type
House
Property Taxes
-
HOA Dues
$95
Year Built
1996
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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 #OC20067947)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2020 | Sold | ||
| Sold | |||
| Apr 23, 2020 | Listed by Keller Williams Realty | $570,000 | |
| Listed by Keller Williams Realty | |||
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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HOA + Taxes
About Lake Hills-Victoria Grove
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Listed by: Chris Taylor, Keller Williams Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20067947
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20067947
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