2472 Salem Place
About This Property
Located in the highly acclaimed Placentia-Linda School District, this home provides access to top-rated schools, including El Dorado High School, making it an excellent choice for those seeking quality education.
Perched on a terraced lot, the property ensures privacy and picturesque views without peering directly into neighboring homes. The backyard offers breathtaking vistas of the Saddleback Mountains, creating a serene and inviting outdoor space.
Step inside to an open living space that seamlessly connects the kitchen, family, and dining areas. This layout is perfect for gatherings and time with friends and family, enhanced by the warmth of two fireplaces-one gas and one wood-burning. The rustic appeal is evident with wooden floors, barn doors, and beamed ceilings, adding character and charm to the home.
The updated en-suite main bathroom provides a luxurious retreat, while the light-filled interiors create a bright and welcoming atmosphere throughout. A newer roof ensures peace of mind, and the driveway space offers plenty of room for your vehicles.
The spacious side backyard area is ideal for outdoor storage of boat, motorcycle, trailer or RV.
2472 Salem Place is close to parks and recreational areas as well, offering plenty of opportunities for outdoor activities. The home's prime location ensures a peaceful environment while still being conveniently close to all the amenities Fullerton has to offer.
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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%.
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 |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Jun 13, 2024 | Listed by Century 21 Masters | $1,199,000 | |
| Listed by Century 21 Masters | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017