$345,000
●
House -
Off Market
27979 Merbie Circle
Menifee, CA 92585
5 Beds
3 Baths,
1
Half Bath
3,459 Ft²
$644,854
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model
About This Property
A Rare Find! This STUNNING hillside home at the end of a cul
de sac is an absolute MUST see! Built in 2004, this
neighborhood allows RV/Boat parking... extremely hard to find.
The high ceilings give you an instant feeling of "awe".
The kitchen has cabinets galore, marble floors, an Island
Breakfast Bar and a built-in Wine Cooler. Two EXTRA large
Bedrooms on 1st floor, and Jack-and-Jill bath. (A 2nd Master
Suite?) Laundry room. Marble Flooring in all of the
Bathrooms, Closets and Laundry Room. The Master Suite is
HUGE. Marble floors, His & Hers sinks, Roman Tub w/ separate
Shower nearby. His & Hers walk-thru closet. A Bonus
Room w/double doors includes the Desk and Cabinets. 2 large
bedrooms and a bath complete the upstairs. The pool-sized
backyard is your blank canvas, with endless possibilities.
Terrace the hillside for amazing valley views. 3 Car
Garage with Epoxy Coated Floors. An Absolutely Extraordinary Home,
and one that you need to see TODAY!
Unit Size
3,459 Ft²
Days on Market
138 days
Land Size
0.46 acres
Price per sqft
$100
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2004
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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 (CRMLS #SW14002990)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Sep 1, 2023 | In contract | - | |
| In contract | |||
| Aug 20, 2023 | No longer available | - | |
| No longer available | |||
| Apr 8, 2023 | Price Decreased |
$560,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Mar 9, 2023 | Price Decreased |
$580,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Garage
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 Menifee
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Listed by: Cynthia Nemelka, RE/MAX Diamond Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW14002990
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW14002990
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