$392,000
●
House -
Off Market
1865 Flame Tree Way
Hemet, CA 92545
3 Beds
2 Baths
1,618 Ft²
$1,968
Est. Monthly
$4
HOA / Fees
8.54%
Cap Rate
About This Property
Welcome to Seven Hills age 55+ Golf Course Community! This
beautifully updated home features a remodeled master shower with
matching shower doors, along with quartz countertops, a new sink,
and a garbage disposal in the kitchen. The front two rooms are
enhanced with plantation shutters, and the home boasts Zebra Bamboo
flooring throughout. Recent upgrades include a new roof and tiles
installed in 2017, complete with a 30-year warranty, and Anderson
front and back doors. Enjoy the ambiance of a 24"x36" remodeled
Split Oak gas fireplace in the family room. The home also offers
fruit trees, including lemon, pink navel orange, and mandarin
orange. Additional highlights include a newer garage door opener, a
skylight in the kitchen installed during the roof replacement, and
a 2024 dishwasher. The refrigerator will not stay, but the
entertainment center in the family room and some furniture in the
formal living room are negotiable.
Unit Size
1,618 Ft²
Days on Market
91 days
Land Size
0.14 acres
Price per sqft
$247
Property Type
House
Property Taxes
-
HOA Dues
$4
Year Built
1978
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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 #SW24255784)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | Listed by Vogler Feigen Realty | $399,900 | |
| Listed by Vogler Feigen Realty | |||
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 Hemet
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Listed by: Joe Adair, Vogler Feigen Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24255784
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24255784
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