$750,000
●
House -
Off Market
1648 Smiley Heights Drive
Redlands, CA 92373
4 Beds
2 Baths
2,500 Ft²
$1,039,911
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Smiley Heights, Redlands – Never before on market, this property
offers the unique opportunity to acquire a classic ranch-style home
nestled into Smiley Heights on a secluded 1.46-acre parcel with
sweeping hilltop vistas and mature groves. A lengthy driveway
approach gives way to this sprawling ranch home with stunning views
of Redlands below and the San Bernardino mountains framed in the
background. Thoughtfully designed around enjoyment of the
view, the dining room, living room, and all bedrooms enjoy the view
from their respective vantage points. Original charm runs
throughout the home with many original decorative details still in
place. The home is situated to the south of the parcel with
the balance being filled by mature citrus and avocado trees
irrigated with three (3) Bear Valley water shares. A
secondary entrance to the property off Cypress Ave. provides
ingress/egress for large vehicles, a second unit, or RVs.
Surrounded by distinguished million-dollar estates, this is a
value-add opportunity.
Unit Size
2,500 Ft²
Days on Market
44 days
Land Size
1.47 acres
Price per sqft
$300
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955
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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 #IV20107449)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2020 | Sold | ||
| Sold | |||
| Jun 10, 2020 | Listed by WINDERMERE R.E. TOWER PROP. | $750,000 | |
| Listed by WINDERMERE R.E. TOWER PROP. | |||
Property Highlights
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
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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Listed by: MILES TURNER, WINDERMERE R.E. TOWER PROP.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV20107449
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV20107449
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