$299,500
●
House -
Off Market
28205 Orangegrove Avenue
Menifee, CA 92584
3 Beds
2 Baths
1,340 Ft²
$438,957
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Welcome home to this beautifully upgraded home located in the
highly desired 55+ community of "Palmilla on the Greens". Upon
entry, you will be greeted by an open living room with fireplace
and separate formal dining room. This home features a new
modern style kitchen with custom backsplash. Kitchen has plenty of
cabinets and counter space. Neutral tile flooring throughout the
main living, dining, and kitchen. Wood-style flooring in the
bedrooms. The front bedroom is currently set up as an office. Home
features new light fixtures, all new windows, ceiling fans, and
custom paint. Relax in your low maintenance backyard with fruit
trees and beautiful plants. Community includes a golf course,
clubhouse, and pools. LOW TAXES! Close to shopping, freeways,
parks, lakes, and entertainment.
Unit Size
1,340 Ft²
Days on Market
39 days
Land Size
0.09 acres
Price per sqft
$224
Property Type
House
Property Taxes
-
HOA Dues
$136
Year Built
1990
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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 #SW19195205)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 18, 2020 | In contract | - | |
| In contract | |||
| Nov 12, 2020 | Listed | $329,999 | |
| Listed | |||
| | |||
|
Welcome to 28205 Orangegrove Ave Menifee, CA 92584. This home is absolutely beautiful and fully upgraded, located in the highly desirable 55+ community of Palmilla. This home features 2 bedrooms (Possible 3 bedrooms), 2 bathrooms, plus a full Office/Den and a gorgeous large drought tolerant backyard with a covered patio. Upon entry, you will be greeted by an open living room with vaulted ceilings, fireplace and a formal dining room. The kitchen is fully upgraded with designer countertops and backsplash. Newer mahogany color cabinets, and newer appliances. Neutral tile flooring throughout the main living, dining, and kitchen. Wood-style flooring in the bedrooms. No Carpet! Home features new light fixtures, all new windows, ceiling fans, and custom paint. The backyard is fully landscaped, perfect for pets, bbq's or just relaxing! The Palmilla Community offers great amenities that include a golf course, clubhouse, pools, and many activities. LOW TAXES! This home is located within walking distance of restaurants and shopping. Conveniently located close to freeways, parks, lakes, and entertainment. This is a prime location! Schedule your private showing before it's gone! The manager has listed the unit size as 1340 square feet.
| |||
| Sep 23, 2019 | Sold | ||
| Sold | |||
| Aug 15, 2019 | Listed by Redfin Corporation | $299,500 | |
| Listed by Redfin Corporation | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Menifee Lakes Coutry Club
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Listed by: Kimberly Rehnquist, Redfin Corporation
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19195205
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19195205
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