$445,000
●
House -
Off Market
28418 Spring Creek Way
Menifee, CA 92585
4 Beds
2 Baths,
1
Half Bath
2,891 Ft²
$623,920
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Incredible opportunity to own an upgraded turn key home with NO
REAR NEIGHBORS in highly sought after community of Heritage Lakes.
Elegant granite kitchen, new paint, new flooring, new
landscaping and a modern, open floor plan. Enter past covered
front porch to the large formal dining room and main floor office.
Rear of the home is a huge chef's kitchen with double oven,
grand center island, walk in pantry, stainless appliances, upgraded
cabinetry, loaded with storage and counter space, all wide open to
the eating area and spacious family room with fireplace.
Upstairs, 4 roomy bedrooms, 2 baths, and more cabinetry.
Master suite has luxury 5 piece master bath with oval soaking
tub and the largest walk-in double closet you've ever seen!
No rear neighbors on this very private lot with perfect
landscaping. 3 car tandem garage. Heritage Lakes is a
master planned community with parks, community pool, splash park,
clubhouse and lake. Home is located close to all these
wonderful amenities, as well as to schools, shopping and easy
freeway access for commuters.
Unit Size
2,891 Ft²
Days on Market
43 days
Land Size
0.17 acres
Price per sqft
$154
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
2010
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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 #SW20081930)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2020 | Sold | ||
| Sold | |||
| Apr 30, 2020 | Listed by Allison James Estates & Homes | $445,000 | |
| Listed by Allison James Estates & Homes | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Goran Forss, Allison James Estates & Homes
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20081930
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW20081930
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