31551 Royal Oaks Drive
About This Property
The gourmet kitchen is a chef's dream, featuring granite countertops, a large walk-in pantry, and stylish glass pendant lights. The adjacent dining area opens up to the outdoor patio, creating a seamless indoor-outdoor living experience. The luxurious master suite is a true retreat, featuring newly added luxury vinyl plank floors and an upgraded ensuite bathroom with a large walk-in closet and stylish glass shower enclosure.
Storage is never an issue in this home, with thoughtful solutions like an under-stair walk-in closet, two large shelved storage closets in the upstairs hallway, and a three-car garage equipped with a built-in workbench and garage cupboards. Smart technology thermostats and Quiet Cool Fans ensure energy-efficient living, while a soft water system and recirculating "quick" hot water system add convenience and comfort to daily life.
Step outside to enjoy the beautifully landscaped backyard, complete with a built-in barbecue island, large patio, and custom patio cover with lighting. The recirculating fountain water feature adds tranquility, creating a perfect outdoor oasis for entertaining or relaxation. The corner lot offers a large side yard, ideal for gardening, play, or simply enjoying Temecula's beautiful weather.
Living in the Temeku Hills Golf Community means access to top-notch amenities, including a clubhouse, swimming pool, tennis and pickleball courts, and a weight/exercise room. The home is situated within the highly-regarded Temecula school district, providing proximity to excellent schools, shopping centers, and the renowned Temecula wine country.
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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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 9, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Listed by Team Forss Realty Group | $900,000 | |
| Listed by Team Forss Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017