$400,000
●
House -
Off Market
29164 New Arrowhead Drive
Menifee, CA 92584
2 Beds
2 Baths,
1
Half Bath
1,695 Ft²
$546,525
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Neat as a pin! This single story home is the perfect starter, or
ideal for a retiree. The open and airy floor plan features 2
bedrooms, 2.5 bathrooms and an office/den that can be easily
converted to a 3rd bedroom. Features and amenities include hard
surface flooring throughout, ceiling fans, a leaded glass entry
door and built-in book shelves. The kitchen opens to the living
room, and features stainless steel appliances, granite counters and
tumbled marble backsplash. The master suite has a slider that opens
to the backyard, a sunken tub and separate shower as well as a
spacious walk-in closet. The tidy yard is enclosed with maintenance
free vinyl fencing. There are a variety of fruit trees, paver patio
as well as a storage shed. Menifee is a growing community with golf
courses, shopping, dining and close freeway access. Low HOA and
taxes make this one a real winner!
Unit Size
1,695 Ft²
Days on Market
45 days
Land Size
0.12 acres
Price per sqft
$235
Property Type
House
Property Taxes
-
HOA Dues
$15
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 #IV20121601)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2022 | No longer available | - | |
| No longer available | |||
| Oct 20, 2022 | In contract | - | |
| In contract | |||
| Oct 7, 2022 | Listed by KW Temecula | $515,000 | |
| Listed by KW Temecula | |||
| | |||
|
This charming single story home is located in a highly desirable community in one of So. Cal's fastest growing cities! This open and bright floor plan offers 2 bedrooms, 2.5 bathrooms, and an office/den area that could easily be converted to a third bedroom with a private bathroom entrance. As you enter you'll be awed by the leaded glass door leading into the home featuring hard surfaced flooring throughout. The open and spacious kitchen has granite countertops, tumbled marble backsplash, and stainless steel appliances. The master bedroom has a spacious walk-in closet, sunken tub with separate shower, and a sliding glass door leading to a private backyard with a built-in bbq, fruit trees, garden boxes, and a storage shed. Close to the 215 freeway and conveniently situated near shopping, dining, golfing, schools, fire station, medical facilities, wineries and casinos. Only an hour drive to beaches, mountains, or the desert. You don't want to miss out on this one! The manager has listed the unit size as 1683 square feet.
| |||
| Aug 7, 2020 | Sold | ||
| Sold | |||
| Jun 23, 2020 | Listed by COLDWELL BANKER REALTY | $399,000 | |
| Listed by COLDWELL BANKER REALTY | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About Menifee Lakes Coutry Club
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Listed by: LISA ANDRE, COLDWELL BANKER REALTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV20121601
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV20121601
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