$155,000
●
Land -
Off Market
1859 Lilac Road
Ramona, CA 92065
Studio
0 Bath
$281,355
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model
About This Property
EXCELLENT OPPORTUNITY! 1.12 acres, level, rectangular property
fully fenced and gated. Well irrigates approximately 1000 grape
vines divided into 4 zones on drip system (currently this is run
with seller's generator). New pump for well was installed in 2014.
Seller states no poisons or pesticides have been used on property
and could be certified organic. Utilities available at road. Road
to property is paved with curbs. Seller's have recently received
County septic approval for 5 bedrooms. See supplement. Last
productivity test on well was 15 gallons per minute. No potability
test has been done. No holding tank on property. Buyer to satisfy
self for all county requirements concerning buyer's intended use.
Buyer to satisfy self to properties worthiness for certification
for as organic. Neighborhoods: Ramona Other Fees: 0
Unit Size
-
Days on Market
125 days
Land Size
1.12 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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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 (SDMLS #160041750)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2016 | Sold | ||
| Sold | |||
| Jul 28, 2016 | Listed by Century 21 Award | $167,000 | |
| Listed by Century 21 Award | |||
Property Highlights
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
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Closing Price
Sold On
Sold On
HOA + Taxes
About Ramona
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Listed by: Karen Domnitz, Century 21 Award
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 160041750
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 160041750
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