1
Map
$310,000
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House -
Off Market
29138 Paradise Canyon Drive
Menifee, CA 92584
2 Beds
1 Bath
1,324 Ft²
$469,757
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model
About This Property
Perfect, single-story two bedroom and 1.75 bath home in the
wonderful gated 55+ community of the Oasis in Menifee!
Located near the multi-million dollar club house and the east
gate, and close to the new Shoppes at the Lakes, this home is
within minutes of Menifee Road, the Menifee Lakes Country Club and
the I215 freeway. The Oasis community offers over 90 clubs
plus wonderful amenities like large pool, spa, billiard and workout
rooms, commercial kitchen and auditorium. In addition, front
yards are watered and maintained by the HOA. Because most of
the homes are single-story, the views of hills and big blue skies
abound! The home features living and family rooms with a gas
fireplace that has never been used, spotless appliances in the
kitchen, inside laundry, nice carpet throughout most of the home
and an oversized 2-car garage with room for a workshop/craft area.
Relax in the shade of the afternoon on the back patio or
watch the sunsets from the front porch area. Doing the dishes
won't be a bore with a direct view of Mt. San Jacinto!
Currently, this is the lowest cost home in the Oasis, so
please come see today!
Unit Size
1,324 Ft²
Days on Market
104 days
Land Size
0.13 acres
Price per sqft
$234
Property Type
House
Property Taxes
-
HOA Dues
$215
Year Built
1999
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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: 5 months ago (CRMLS #SW18049301)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2018 | Sold | ||
| Sold | |||
| Mar 2, 2018 | Listed by Rancon Real Estate-Murrieta | $309,900 | |
| Listed by Rancon Real Estate-Murrieta | |||
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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ft²
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HOA + Taxes
About Menifee Lakes Coutry Club
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Listed by: Glenn Kean, Rancon Real Estate-Murrieta
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW18049301
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SW18049301
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