Listed by: Scott Buckley, Realty Executives Dillon
$1,160,000
●
House -
Off Market
2248 Monarch Ridge Cir
El Cajon, CA 92019
4 Beds
3 Baths,
1
Half Bath
2,298 Ft²
$6,370
Est. Monthly
$355
HOA / Fees
4.31%
Cap Rate
About This Property
Single level living in prestigious Monarch Ridge! Meticulously
maintained by longtime owners! Custom flagstone entryway greets you
with double 8' tall Brazilian Mahogany doors...Check out the
motorized sun shade & vanishing screens! Gorgeous Kitchen remodel
offering granite counters, stainless steel appliances & Breakfast
Bar! Bathrooms updated too! Luxury interior finishes include
plantation shutters, travertine stone & hardwood flooring plus new
carpet in Primary Bedroom! 4th Bedroom currently serves as an
office. Full house water softener with Hot Water dispenser &
reverse osmosis, replaced HVAC system & WiFi garage doors!
Soak-n-chill after a long day in your Primary Spa Bath therapy tub!
Your storybook private backyard offers relaxing covered patios &
custom low maintenance landscaping! Experience living behind
the gates in the Ridge...offering beautifully landscaped common areas
including street medians, two community entrances & gorgeous view
corridors. Approximately 95 acres of open space with walking,
hiking and equestrian trails. Enjoy living in this exclusive
enclave & the community's pool, spa, cabana, basketball, pickleball
& tennis courts!
Unit Size
2,298 Ft²
Days on Market
86 days
Land Size
0.36 acres
Price per sqft
$533
Property Type
House
Property Taxes
-
HOA Dues
$355
Year Built
1992
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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 #240020233SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $1,225,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Beds
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ft²
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HOA + Taxes
About Rancho San Diego
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Listed by: Scott Buckley, Realty Executives Dillon
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240020233SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240020233SD
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