3155 Shipley Place
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 6, 2025 | Relisted | $475,000 | |
| Relisted | |||
| Nov 1, 2025 | In contract | - | |
| In contract | |||
| Oct 19, 2025 | Listed | $475,000 | |
| Listed | |||
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Welcome to 3155 Shipley Place! Centrally located in one of the most desirable communities in Hemet; this 4-bedroom, 2-bath gem sits on a 9,147 Sqft corner lot. The exterior of the residence has undergone a recent makeover, enhancing its curb appeal and ensuring a welcoming first impression. Step inside to discover a modern haven with an updated kitchen, --showcasing stylish cabinets complemented by sleek quartz countertops and added complimentary backsplash. The kitchen shares the open space with the family room—functional & also a delightful space for culinary endeavors and family gatherings alongside the huge kitchen island. Updated flooring throughout the home, you’ll find 4 bedrooms with the largest being the suite-like master with its own private entrance to the backyard. The rear yard: equipped with its own fully air conditioned & insulated shed that was built to be low maintenance yet still offers a versatile space for various activities. This spacious backyard has endless possibilities and is meant for those special family gatherings. Come see for yourself and arrange an appointment to view this home today!
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| Oct 4, 2017 | Sold | ||
| Sold | |||
| Sep 5, 2017 | Listed by Coldwell Banker Res-Vail Ranch | $299,900 | |
| Listed by Coldwell Banker Res-Vail Ranch | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017