23071 Joaquin Ridge Drive
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $635,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Aug 31, 2024 | Listed by Just Listed SoCal | $635,000 | |
| Listed by Just Listed SoCal | |||
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Welcome to Vineyard Knolls in the prestigious Copper Canyon community of West Murrieta! This beautifully updated 3-bedroom, 2-bathroom gem is 1,553 sq ft on a generous 9,583 sq ft lot. The main floor features an open-concept living and dining area with high ceilings and a cozy fireplace, leading to an remodeled kitchen with white cabinets, black granite countertops, and even a wine fridge! The primary suite offers a tranquil retreat with a walk-in closet and a spa-like remodeled bathroom, complemented by another well-sized bedroom and a full bathroom. The focal point spiral staircase leads to an additional bedroom upstairs, perfect for guests or a home office. Upgrades include dual-pane windows, plantation shutters, fresh paint, and new carpet. The expansive backyard boasts an alumawood patio cover, ample space for entertaining, and room for a pool if desired, all surrounded by clean vinyl fencing. The two-car garage features newly painted floors and plenty of storage, with a large driveway and side gate offering potential for RV parking. Enjoy low taxes, low HOA fees, and access to community amenities like a well-maintained pool and parks. Located within the boundaries of top-rated schools and just 20-30 minutes from the Temecula Wineries, this home won’t last long.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017