Listed by: Chris Caldwell, Oscar Tortola Group Real Estate Services
$615,000
●
House -
Off Market
29324 Flame Tree
Lake Elsinore, CA 92530
3 Beds
2 Baths
1,950 Ft²
$3,142
Est. Monthly
$122
HOA / Fees
5.52%
Cap Rate
About This Property
Welcome to 29324 Flame Tree, Summerly's Hidden Gem
This stunning single-story home offers 1,950 square feet of impeccable living space in the sought-after Summerly community of Lake Elsinore. Boasting 3 spacious bedrooms and 2 beautifully designed bathrooms, this turnkey property is move-in ready and packed with thoughtful upgrades throughout.
Step inside to discover an open floor plan that seamlessly combines style and functionality. The upgraded wood laminate flooring and plush carpet provide a perfect blend of comfort and elegance. Plantation shutters adorn the windows, offering both privacy and timeless appeal.
The heart of the home is the modern kitchen, featuring crisp white cabinets, quartz countertops, a large center island, and sleek stainless steel appliances-a dream space for cooking and entertaining.
Step outside to the fully landscaped backyard, complete with a California sunroom, ideal for relaxing or hosting gatherings year-round.
Located in the vibrant Summerly community, this home provides convenient access to parks, recreation, and Lake Elsinore's amenities. With its move-in-ready condition and no solar to worry about, this is the perfect place to call home.
Don't miss your chance to experience the best of Southern California living-schedule your showing today!
This stunning single-story home offers 1,950 square feet of impeccable living space in the sought-after Summerly community of Lake Elsinore. Boasting 3 spacious bedrooms and 2 beautifully designed bathrooms, this turnkey property is move-in ready and packed with thoughtful upgrades throughout.
Step inside to discover an open floor plan that seamlessly combines style and functionality. The upgraded wood laminate flooring and plush carpet provide a perfect blend of comfort and elegance. Plantation shutters adorn the windows, offering both privacy and timeless appeal.
The heart of the home is the modern kitchen, featuring crisp white cabinets, quartz countertops, a large center island, and sleek stainless steel appliances-a dream space for cooking and entertaining.
Step outside to the fully landscaped backyard, complete with a California sunroom, ideal for relaxing or hosting gatherings year-round.
Located in the vibrant Summerly community, this home provides convenient access to parks, recreation, and Lake Elsinore's amenities. With its move-in-ready condition and no solar to worry about, this is the perfect place to call home.
Don't miss your chance to experience the best of Southern California living-schedule your showing today!
Unit Size
1,950 Ft²
Days on Market
28 days
Land Size
0.13 acres
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
$122
Year Built
2017
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (CRMLS #IG24240365)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Dec 9, 2024 | In contract | - | |
| In contract | |||
| Nov 25, 2024 | Listed by Oscar Tortola Group Real Estate Services | $615,000 | |
| Listed by Oscar Tortola Group Real Estate Services | |||
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 East Lake District
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Chris Caldwell, Oscar Tortola Group Real Estate Services
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG24240365
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG24240365
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017