$389,000
●
House -
Off Market
2722 Nomel Lane
Lemon Grove, CA 91945
3 Beds
1 Bath
921 Ft²
$701,404
RealtyHop Estimate
80.31%
Since Dec 1, 2016
CA-San Diego
Primary Model
About This Property
This Craftsman-style home sits on a HUGE, fruit tree-filled lot on
a private cul-de-sac street that used to be all lemon groves! The
original wood floors stand out as you move from rm to rm & the
spacious kitchen easily fits a lg dining table. Enjoy central
AC/heat. The backyard gazebo enhances the usability of this BIG &
shaded area w/fabulous privacy. Lemon Grove is the best kept, yet
still affordable secret in SD w/ it's own Sprouts, Home Depot,
Smart & Final, trolley station & great fwy accessibility.
Neighborhoods: Rancho Mission Architectural Style:
Craftsman/Bungalow View: Craftsman/Bungalow Equipment:
Garage Door Opener, Range/Oven, Shed(s) Other Fees: 0 Sewer:
Sewer Connected Topography: LL
Unit Size
921 Ft²
Days on Market
53 days
Land Size
0.20 acres
Price per sqft
$422
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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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: 4 months ago (SDMLS #160050098)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2016 | Sold | ||
| Sold | |||
| Sep 9, 2016 | Listed by Berkshire Hathaway HomeService | $389,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Lemon Grove
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Listed by: Joanie Selby, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160050098
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160050098
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