1
Map
$575,000
●
House -
Off Market
221 Fairway Drive
Lake Arrowhead, CA 92352
3 Beds
3 Baths,
1
Half Bath
1,824 Ft²
$768,886
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Lowest Priced Golf Course Frontage Home. Original owner, never been
on market before. Level entry with U shaped driveway offering easy
maintenance for snow removal. Spacious living room with massive
fireplace, custom carpet & overlooking floor to ceilings
views of forest & golf course. Spacious dining room that can seat
up to 8 people. Breakfast bar in kitchen for more dining spaces.
Kitchen has granite countertops, tile backsplash, stainless steel
appliances & copper sink. Wrap around deck overlooks 16th green &
forest. Powder room located on main floor with custom copper sink.
Master bedroom & en suite conveniently located on the main floor
with luscious views. The 2nd floor has a large game room with retro
fireplace & wet bar. Two additional bedrooms & 2 additional
bathrooms located on this level. Another large wrap around deck
located off of game room. Build up room has potential to be
finished out for additional square footage. Golf cart path onto
course located on bottom level.
Unit Size
1,824 Ft²
Days on Market
56 days
Land Size
0.19 acres
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
-
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 (CRMLS #RW2201391)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2020 | Sold | ||
| Sold | |||
| Aug 19, 2020 | Listed by COLDWELL BANKER SKY RIDGE RLTY | $575,000 | |
| Listed by COLDWELL BANKER SKY RIDGE RLTY | |||
Property Highlights
Fireplace
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Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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About Lake Arrowhead
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Listed by: Meghan Hardin, COLDWELL BANKER SKY RIDGE RLTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# RW2201391
Last Updated: 5 months ago
Data Source: CRMLS, MLS# RW2201391
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