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28281 Summitrose Drive
About This Property
The pride of ownership of this home is immediately apparent. This popular Trento Open Floor Plan is located on a Corner Lot on a quiet street & is ideal for entertaining. This contemporary home offers a Great Room open to a Chef's Granite & Stainless Steel Kitchen with a Wall Microwave, Oven and Warming Drawer, Trash Compactor, Pull Out Shelving, a Casual Breakfast Area, Raised Island Eating and a Formal Dining Room or Office or Optional 3rd Bedroom. There is a Custom Rock Fireplace, Rich Wood Flooring in the living areas, No-Skid Tile in the baths and Crown Molding throughout. Unique to this home is an added Beverage Center with Additional Storage. The spacious master bedroom has Trey Ceilings & a Large Walk-In Closet. Step outside onto the Easy-Care Custom Landscaped Private Backyard to enjoy the serene setting on a wide lot with a Full Patio Cover. The garage has Epoxy Floors, Storage Shelving & has added Space for a Golf Cart or Work Bench. The HOA includes the Front Yard Water, Maintenance & Trash. There are no Mello Roos taxes! All this & more, in a setting of the Menifee Valley which is conveniently located to Southern California Wineries, Mountains, Beaches & Deserts. The Oasis, resort like Gated Community features a (est)22,000 sq ft Clubhouse, Banquet Room, Library, Gym & all the other amenities one expects from a four-star resort which is located adjacent to a Public 36 Hole Championship Golf Club. An Absolute Must See!! Turnkey!
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 7, 2024 | Listed by Century 21 Masters | $570,000 | |
| Listed by Century 21 Masters | |||
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Stylish Open Floor PlanThe pride of ownership of this home is immediately apparent. This popular Trento Open Floor Plan is located on a corner lot on a quiet street and is ideal for entertaining. This contemporary home offers a great room open to a chef’s granite and stainless steel kitchen with a wall microwave, oven and warming drawer, pull-out shelving, a casual breakfast area, raised island eating area, and a formal dining room or office or optional third bedroom. There is a custom rock fireplace, rich wood flooring in the living areas, no-skid tile in the baths, and crown molding throughout. Unique to this home is an added beverage center with additional storage.The spacious master bedroom has tray ceilings and a large walk-in closet. Step outside onto the easy-care custom landscaped private backyard to enjoy the serene setting on a wide lot with a full patio cover. The garage has epoxy floors, storage shelving, and added space for a golf cart or workbench. The HOA includes front yard water, maintenance, and trash. There are no Mello Roos taxes!All this and more, in a setting in the Menifee Valley, which is conveniently located near Southern California wineries, mountains, beaches, and deserts. The Oasis, a resort-like gated community, features an estimated 22,000 sq ft clubhouse, banquet room, library, gym, and all the other amenities one expects from a four-star resort, located adjacent to a public 36-hole championship golf club. An absolute must-see! Turnkey!
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| Apr 3, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017