$375,000
●
House -
Off Market
1710 Terrace Drive
Hemet, CA 92544
3 Beds
2 Baths,
1
Half Bath
2,757 Ft²
$548,517
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
** Custom hilltop home conveniently located in one of Hemet's most
desired, in-town, Park Hill neighborhoods just a few blocks from
town. ** INCLUDES 2 LOTS - .26 Acre and .43 Acre ** This
unique, 2800 sq. ft. mid-century home is full of surprises
including beautiful panoramic views in all directions through
large, vintage turquoise glass picture windows, contoured soffits
with hidden drapery/blind tracks, and walk-thru closets with
built-in drawers. ** Plenty of pantry and storage cabinets and a
large laundry room attached to the kitchen and a John Day swimming
pool. ** The 950 sq. ft. lower level has two large bonus rooms with
built-in closets, a bathroom and a heatilator fireplace. ** A
private, ground-level entry from outside or entrance by stairs from
the upper level makes this an ideal mother-in-law suite, rental
apartment, or hobby rooms.** Also included with this property
is the large adjacent, undeveloped view lot next door. There
is plenty of off-street parking and lots of room for gardening and
storage.
Unit Size
2,757 Ft²
Days on Market
78 days
Land Size
0.69 acres
Price per sqft
$136
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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 #SW19183507)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 22, 2020 | In contract | - | |
| In contract | |||
| Sep 20, 2020 | No longer available | - | |
| No longer available | |||
| Sep 11, 2020 | Listed | $429,000 | |
| Listed | |||
| | |||
|
Views in every direction at this hilltop home. Complete with pool, basement, plenty of parking, and large lot! 2 bedrooms on main floor with large open living room with tons of natural light. The basement has its own entrance that could be perfect for inlaws, rental income, or large game room. Full bath in basement and large fireplace. This home is truly unique with endless possibilities! Its worth taking a in person tour! The manager has listed the unit size as 1757 square feet.
| |||
| Oct 18, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ramona Park
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Listed by: Jesse Petton, Liberty Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19183507
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW19183507
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