$410,000
●
House -
Off Market
1983 Tamarack Lane
Hemet, CA 92545
3 Beds
2 Baths
1,594 Ft²
$2,017
Est. Monthly
$4
HOA / Fees
8.48%
Cap Rate
About This Property
Check out this 3 bedroom, 2 bath home on a large cul-de-sac lot in
the desired age-restricted senior 55+ community of Seven Hills
where there are homes lining the public golf course. Kitchen is
light & bright with tile countertops, newer microwave & gas stove.
Primary bedroom on one side of the home has mirrored closet doors
and a bathroom w/dual sinks & full-size step-in shower. Two guest
bedrooms and another bathroom are on the other side of the home
allowing more privacy for the homeowners. Easy-care landscaping in
front & back. You can sit out on the huge covered patio and enjoy
the views. Low taxes & annual HOA. For an additional biannual fee,
you can join the Members Club which includes amenities such as
indoor & outdoor pools, clubhouse, fitness center, library, card &
billards rooms, and shuffleboard courts. Communter friendly and
close to shopping, medical facilities & restaurants.
Unit Size
1,594 Ft²
Days on Market
62 days
Land Size
0.20 acres
Price per sqft
$257
Property Type
House
Property Taxes
-
HOA Dues
$4
Year Built
1990
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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 #SW24167961)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 29, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Relisted | $410,000 | |
| Relisted | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
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Property Highlights
Garage
Air Conditioning
With View
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: Christina Carlin, Coldwell Banker Kivett-Teeters
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24167961
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW24167961
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