$499,000
●
House -
Off Market
3059 Mesquite Drive
Riverside, CA 92503
3 Beds
2 Baths
1,730 Ft²
$746,324
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
Located near fragrant citrus groves by the heart of historic
Riverside, this 1730 SF family home situated on a 1/4 acre corner
lot is just minutes from great schools, shops, restaurants and one
of the last remaining drive-in theaters in SoCal. This lovely home
boasts three bedrooms and two baths with a den, an open floor plan
with high ceilings and lots of natural light, crown molding and
wood like floors. The home features a remodeled kitchen with a
large prep island, granite counters, and energy saving windows with
plantation shutters throughout. Step out back to discover an
inviting and tranquil resort like backyard with large lawn, covered
patio, and a pool and spa featuring a custom grotto, all enclosed
with white vinyl fencing for maximum privacy. This rare property is
summertime ready and perfect to call home.
Unit Size
1,730 Ft²
Days on Market
61 days
Land Size
0.26 acres
Price per sqft
$294
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1984
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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 #219017213DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2019 | Sold | ||
| Sold | |||
| Jun 12, 2019 | Listed by Desert Sotheby's International Realty | $509,000 | |
| Listed by Desert Sotheby's International Realty | |||
Property Highlights
Parking Available
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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Status
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Baths
ft²
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Sold On
Sold On
HOA + Taxes
About Arlington South
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Listed by: Sean Stanfield, Desert Sotheby's International Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219017213DA
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219017213DA
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