Listed by: Robyn Flint, Real Broker
$880,000
●
House -
Off Market
2633 Summitview Ln
Spring Valley, CA 91977
4 Beds
3 Baths,
1
Half Bath
1,696 Ft²
$4,552
Est. Monthly
$255
HOA / Fees
6.44%
Cap Rate
About This Property
Experience the height of indoor-outdoor living in this rarely
available Rancho San Diego gem. As you enter, the charm of brick
accent walls and reclaimed wood beams from downtown San Diego
captivates you. The meticulously designed kitchen with electric
doors reveal an exquisite California room, complete with a custom
counter, fans, heaters, tv hookups, and a hot tub that will inspire
year round entertaining. This home features two bedrooms on the
first floor, including an en suite with access to the expansive
yard and garden adorned with over 30 trees, such as avocado, apple,
pear, cherry, and peach. Upstairs, an enclosed loft with a closet
offers versatile space as a bedroom or office, while the primary
retreat impresses with a walk-in closet, rain shower, and a brand
new 16x26 private deck. 2 community pools, 2 parks, basketball,
tennis, clubhouses and a playground are all included in with the
HOA. This home is an entertainer's paradise that must be seen to be
fully appreciated.
Unit Size
1,696 Ft²
Days on Market
41 days
Land Size
0.07 acres
Price per sqft
$516
Property Type
House
Property Taxes
-
HOA Dues
$255
Year Built
1976
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Cap Rate Calculator
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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: 3 years ago (CRMLS #240016073SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2024 | Listed by Real Broker | $875,000 | |
| Listed by Real Broker | |||
| Apr 19, 2022 | No longer available | - | |
| No longer available | |||
| Mar 28, 2022 | In contract | - | |
| In contract | |||
| Mar 28, 2022 | Price Increased |
$925,000
↑ $140K
(17.8%) | |
| Price Increased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Spring Valley
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Listed by: Robyn Flint, Real Broker
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240016073SD
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240016073SD
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