Listed by: Gregory Schwab, Big Block Realty, Inc
$575,000
●
Condo -
Off Market
2216 Kings view Circle
Spring Valley, CA 91977
2 Beds
3 Baths,
1
Half Bath
1,010 Ft²
$3,081
Est. Monthly
$380
HOA / Fees
6.33%
Cap Rate
About This Property
VA & FHA APPROVED. Owned SOLAR. Run your AC during summer without
sweating the pain of the SDG&E bill. Remodeled kitchen and
baths. Not a Flip! Bedrooms are generously sized and both have en
suite bathrooms. Gated Complex in the heart of Spring Valley. End
unit, only sharing 1 wall, featuring 2 Beds/2.5 Baths, a large
private patio, Upstairs bedrooms feature vaulted ceilings. Kitchen
opens up to combo dining/living area for a light and bright, open
floor plan. Large laundry room with washer & dryer included.
Central AC/Heat. Tile floors downstairs look like wood. Complex is
fully gated and secured. Community features Pool, spa, dog park and
well manicured landscaping throughout.
Unit Size
1,010 Ft²
Days on Market
19 days
Land Size
-
Price per sqft
$545
Property Type
Condo
Property Taxes
-
HOA Dues
$380
Year Built
1994
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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: 3 years ago (CRMLS #PTP2405585)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by Big Block Realty, Inc | $550,000 | |
| Listed by Big Block Realty, Inc | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Open Parking Spaces: 1
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Half Bathrooms: 1
Bathrooms on Main Level: 1
Levels: Two
Interior Features: All Bedrooms Up
Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Dryer, Washer
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
None
Exterior Details
Year Built: 1994
Parcel Number: 5034910706
Home Type: Residential
Outdoor Living Structures: Patio
Pool Features: Community, Association
Lot Size Source: Assessor
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Location Details
Association Amenities: Playground, Pool, Pets Allowed
Association Fee: $380
Association Fee Frequency: Monthly
Community Features: Park, Sidewalks, Gated, Pool
Security Features: Gated Community
High School District: Grossmont Union
Directions: 94 to Bancroft south to Windham, through gate, left on Kings View Circle. Unit on the left. Park in assigned spaces C68 and P115.
Other Details
Listing Terms: Cash, Conventional, FHA, VaLoan
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/12/2024
| |
2 Bed
|
3 Bath
|
1010 ft²
|
$550,000
2 Bed
3 Bath
1010 ft²
|
$575,000
+4.55%
10/01/2024
|
Gregory Schwab
Big Block Realty, Inc.
|
Building Info
About Spring Valley
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Listed by: Gregory Schwab, Big Block Realty, Inc
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PTP2405585
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PTP2405585
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