$385,000
●
House -
Off Market
29083 Light Sails Court
Menifee, CA 92585
4 Beds
2 Baths,
1
Half Bath
2,407 Ft²
$555,666
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
HUGE PRICE REDUCTION FOR QUICK SALE. Back on market buyer could not
perform. Lowest priced home in the community. Gorgeous 4 bedroom
2.5 bathroom two-story home in the highly desired community of
Heritage Lake. At over 2400 sq ft, this home has been recently
upgraded with real wood laminate flooring and fresh paint
throughout. The open concept kitchen has granite countertops,
double oven, a breakfast bar and nook with direct shared space with
the living room for a great family environment. Crown molding
upgrades are carried throughout the down stairs, and the beautiful
real wood laminate carries you up the stairway and into the second
floor. Flooring on all common areas of the home are hard surface
finishes, with carpet in the bedrooms. Out back you will find a
very low maintenance, highly usable area complete with stamped
concrete and Alumi-wood patio cover. Additional bonuses are the 3rd
car tandem garage, ceiling speakers in the living room, solar for
reduced monthly utilities, and all the amazing amenities the
Heritage Lakes Community has to offer!
Unit Size
2,407 Ft²
Days on Market
162 days
Land Size
0.14 acres
Price per sqft
$158
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
2006
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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: 4 months ago (CRMLS #SW19170193)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 26, 2019 | Sold | ||
| Sold | |||
| Jul 17, 2019 | Listed by Blue Jay Realty | $379,900 | |
| Listed by Blue Jay Realty | |||
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
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Listed by: Jensen Kierulff, Blue Jay Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19170193
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19170193
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