Listed by: MARLA BOOTH, BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS
$390,000
●
House -
Off Market
1769 Matthew Lane
Hemet, CA 92545
3 Beds
2 Baths
1,396 Ft²
$1,915
Est. Monthly
About This Property
Priced to sell, 50k below! This home has good bones, in good
condition and clean, just needs some updating. Windows have
been updated to dual pane. There is leased solar the buyer to take
over. Solar agreement is uploaded in the supplements, carpet is
newer, Kitchen and bathroom floors are Vinyl. Seller said
cooktop and oven are about 1 1/2 years old. Garage opener is less
than a year old. The wall paper and wood baseboards, casings
and doors are a bit dated but so easy for a home buyer on a budget
to make their own. Bathrooms are in good condition and again
just dated a bit, kitchen is spacious, older cabinets with
stainless steel appliances and a large eating area. Spacious
family room with fireplace. Primary bedroom has a walk-in closet.
Good Location and down the street from Fruitvale Elementary
School. Motivated seller.
Unit Size
1,396 Ft²
Days on Market
52 days
Land Size
0.14 acres
Price per sqft
$279
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978
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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: 3 years ago (CRMLS #IV24171237)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Price Decreased |
$390,000
↓ $9K
(2.3%) | |
| Price Decreased | |||
| Aug 18, 2024 | Listed by BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS | $399,000 | |
| Listed by BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS | |||
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
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Sold On
Sold On
HOA + Taxes
About Hemet
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Listed by: MARLA BOOTH, BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# IV24171237
Last Updated: 3 years ago
Data Source: CRMLS, MLS# IV24171237
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