$647,000
●
House -
Off Market
16508 Nectarine Way
Lake Elsinore, CA 92530
3 Beds
2 Baths,
1
Half Bath
1,725 Ft²
$3,094
Est. Monthly
About This Property
Welcome to 16508 Nectarine Way - a beautifully updated 3-bedroom,
2.5-bath home offering 1,725 square feet of turnkey living in a
quiet Lake Elsinore neighborhood. From the moment you arrive,
you'll notice the fresh exterior and interior paint, giving this
home a clean and modern look. Inside, you'll find new carpet,
upgraded wood-like flooring, and plantation shutters
throughout.
The remodeled kitchen is a standout feature, boasting upgraded granite countertops, brand new cabinets, and stainless steel appliances-perfect for any home chef. The spacious layout includes a 3-car garage and a newer A/C system for added comfort.
Step into your private backyard oasis with a covered patio, sparkling pool, and spa-ready for summer relaxation and entertaining. This move-in ready home has it all-style, function, and value.
Don't miss out on this incredible opportunity!
The remodeled kitchen is a standout feature, boasting upgraded granite countertops, brand new cabinets, and stainless steel appliances-perfect for any home chef. The spacious layout includes a 3-car garage and a newer A/C system for added comfort.
Step into your private backyard oasis with a covered patio, sparkling pool, and spa-ready for summer relaxation and entertaining. This move-in ready home has it all-style, function, and value.
Don't miss out on this incredible opportunity!
Unit Size
1,725 Ft²
Days on Market
71 days
Land Size
0.17 acres
Price per sqft
$365
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989
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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: 2 years ago (CRMLS #IG25134648)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Listed by Oscar Tortola Group Real Estate Services | $630,000 | |
| Listed by Oscar Tortola Group Real Estate Services | |||
Property Highlights
Garage
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 Lake View District
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Listed by: Chris Caldwell, Oscar Tortola Group Real Estate Services
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25134648
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25134648
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