$630,000
●
House -
Off Market
28278 Lookout Point Lane
Menifee, CA 92585
4 Beds
2 Baths,
1
Half Bath
2,196 Ft²
$3,110
Est. Monthly
$70
HOA / Fees
6.25%
Cap Rate
About This Property
Attention All Menifee Buyers & Agents! Wait Till You See This One
Of Kind Super Sharp One Story Home In Fantastic Move In Condition!
Wonderfully Situated In The Highly Sought After & Desired Heritage
Lake Community! Resort Style Amenities Include 25 Acre Lake With
Paddle Boats & Catch And Release Fishing! Two Junior Olympic
Swimming Pools! Exclusive Clubhouse On The Waterfront! Walking
Paths, Parks, Large Sports Park With Soccer Fields, Pickle Ball,
Tennis Courts & So Much More! Outstanding Open Floor Plan! Gorgeous
Granite Center Island Cook's Kitchen With Stainless Steel
Appliances & Lots Of Storage! Fabulous Family Room With Fireplace!
Marvelous Main Bedroom Suite With Luxurious Bath With Separate
Soaking Tub & Stall Shower And Huge Walk-In Closet! Terrific Room
Sizes! Your Own Private 3 Car Attached Garage! Entertainer's Dream
Yard! Great Location! Close To Everything! If You Are Only Seeing
One Sensational Menifee Heritage Lake Home In The Price Range, Make
Sure 28278 Lookout Point Is It! Must See! Do Not Miss! Menifee
Living At Its Best!
Unit Size
2,196 Ft²
Days on Market
27 days
Land Size
0.17 acres
Price per sqft
$282
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
2007
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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: 2 years ago (CRMLS #SR25089016)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2025 | Listed by Represented By | $619,000 | |
| Listed by Represented By | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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: Mike Glickman, Represented By
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR25089016
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR25089016
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