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24638 Pappas Road
About This Property
Calling all visionaries and savvy buyers-this is your chance to create your dream home in one of Ramona's most sought-after golf course communities! Located on a spacious lot in the San Diego Country Estates, 24638 Pappas Rd offers endless potential for sweat equity.
This 3-bedroom, 2-bath home has great bones and a functional layout but needs some love to truly shine. Whether you're an investor, a first-time buyer with a passion for projects, or someone looking to customize every detail to your taste, this is the opportunity you've been waiting for.
Enjoy peaceful surroundings, mountain views, and the incredible amenities the Estates have to offer-golf, equestrian center, tennis courts, pools, parks, hiking trails, and more. With some TLC, this home could be a showstopper and a solid investment in a fantastic community
Don't miss your chance to turn potential into perfection. Homes like this-with location, layout, and upside-are rare!
This property is a short sale property. Price is approved by the bank.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2026 | Price Decreased |
$610,000
↓ $40K
(6.2%) | |
| Price Decreased | |||
| Mar 31, 2026 | Relisted | $650,000 | |
| Relisted | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Listed by TurboHome Brokerage Inc. | $650,000 | |
| Listed by TurboHome Brokerage Inc. | |||
| Jul 27, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017