$425,000
●
House -
Off Market
29550 Longshore Drive
Menifee, CA 92585
4 Beds
2 Baths,
1
Half Bath
2,032 Ft²
$560,996
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
This is a desirable single story home with Four bedrooms and two
and a half bathrooms situated on a corner lot that boasts over 7400
SQFT with a California room. Other uniqueness of this
property is that it backs up to the walking trail in the community
of Heritage Lake, so there is no neighbor directly behind you.
Not only it has a large back yard, it also has larger than
usual side yards that provide you with options. The floor
plan separates the master suite with secondary bedrooms - master
suite is on one side of the house and the other three bedrooms are
all at the other side of the house. The kitchen consists of a
large center island, granite counter top, walk-in pantry.
Carpets flooring throughout the house except the kitchen,
dinning, entry, laundry and bathrooms. The majority of the interior
painting and front/backyard lawns are just redone. Property is
conveniently located with short distances to parks, schools and
shoppings. Heritage Lake community offers amenities including
swimming pools, lake, playground, clubhouse, parks, trails.
Unit Size
2,032 Ft²
Days on Market
43 days
Land Size
0.17 acres
Price per sqft
$204
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
2013
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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 #OC20136588)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2020 | Sold | ||
| Sold | |||
| Jul 11, 2020 | Listed by Realty One Group West | $415,000 | |
| Listed by Realty One Group West | |||
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: Hong Hu, Realty One Group West
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20136588
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20136588
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