$407,000
●
House -
Off Market
1831 Madison Street
Redlands, CA 92374
4 Beds
2 Baths
2,074 Ft²
$675,542
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
Welcome home! This beautiful single-story property has four
bedrooms with one currently set up as an office. Enter the open
floorplan with cathedral ceilings, hardwood floors, and dual sided
fireplace in the living room/family room-perfect for entertaining
on chilly nights. Your kitchen has granite countertops, generous
cabinet space and stainless-steel appliances. Large master bedroom
and master bath with separate shower/tub and walk in closet. All
rooms in the home are equipped with ceiling fans. Venture out back
for a refreshing dip in the pool while taking in the mountain
views, or to relax in the large spa. Situated in a convenient
neighborhood in the award-winning Redlands Unified School District,
near a riverbed area with walking/running paths and views of the
city lights and mountains. Easy I-10 and I-210 freeway access,
close to University of Redlands, parks, Citrus Plaza, and Mountain
Grove shopping and dining. Ready for a quick escrow. Don't
hesitate, you don't want to miss this home!
Unit Size
2,074 Ft²
Days on Market
33 days
Land Size
0.19 acres
Price per sqft
$205
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2000
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Cap Rate Calculator
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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 #EV17218109)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 31, 2020 | In contract | - | |
| In contract | |||
| Feb 17, 2020 | Listed | $454,000 | |
| Listed | |||
| | |||
|
This welcoming single-story property has four bedrooms; one can be set up as an office and has a double door entry. Enter the open floorplan with cathedral ceilings, hardwood floors, and dual sided fireplace in the living room and family room—perfect for entertaining on chilly nights. Your kitchen has granite countertops, generous cabinet space and stainless-steel appliances. Large master bedroom and master bath with separate shower/tub and walk in closet. All bedrooms are equipped with ceiling fans. Stroll out back for a refreshing dip in the pool while taking in the mountain views, or to relax in the large spa. The home and patio are great for entertaining! Situated in a convenient neighborhood in the award-winning Redlands Unified School District, enjoy walking/running paths with views of the city lights and mountains. Easy I-10 and I-210 freeway access, close to University of Redlands, Parks, Citrus Plaza, and Mountain Grove shopping and dining. Ready for a quick escrow. Don’t hesitate, you don’t want to miss this home! The manager has listed the unit size as 2074 square feet.
| |||
| Oct 31, 2017 | Sold | ||
| Sold | |||
| Sep 19, 2017 | Listed by TARBELL, REALTORS - REDLANDS | $425,000 | |
| Listed by TARBELL, REALTORS - REDLANDS | |||
Property Highlights
Garage
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
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HOA + Taxes
About North Redlands
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Listed by: LISA JOHNSON, TARBELL, REALTORS - REDLANDS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV17218109
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV17218109
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