$280,000
●
House -
Off Market
24737 Clay Avenue
Murrieta, CA 92562
3 Beds
1 Bath
1,000 Ft²
$404,187
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Investors! First Time Home Buyers! Are you looking for a home in
Old Town Murrieta that is sitting on just over .56 acres? This is
your chance. This home was orginally built in 1936 and boats 3 beds
and 1 bath and measures an estimated 1,000 square feet. The home
offers a rustic feel and brings you back to the older farming days
of Murrieta. Netsled in the hills of Old Murrieta, the cozy and
quaint home is ready for the buyer whose been waiting for a home
with land and this is the first time in countless years that this
home has been available and for sale on the market. This is the
perfect starter home or investment property. Live in or remodel the
current home. Split the lot in two, build one home for you and one
for an investment to sell or rent. This proeprty has way too many
options. This home is not going to last. Call today before you miss
out!
Unit Size
1,000 Ft²
Days on Market
32 days
Land Size
0.57 acres
Price per sqft
$299
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1936
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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: 5 months ago (CRMLS #SW20140547)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2020 | Sold | ||
| Sold | |||
| Jul 14, 2020 | Listed by Signature Real Estate Group | $299,000 | |
| Listed by Signature Real Estate Group | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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Listed On
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Closing Price
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HOA + Taxes
About Historic Murrieta
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Justin Bringas, Signature Real Estate Group
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW20140547
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW20140547
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