$332,500
●
House -
Off Market
320 El Portal Drive
Merced, CA 95340
4 Beds
2 Baths
1,981 Ft²
$450,628
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Adorable 4 bedroom home in North Merced on a corner lot! This
property features almost 2000 square feet, has a seperate living
and family room, a spacious kitchen and formal dining area!
There is updated flooring and light fixtures, ceiling fans
throughout, a whole house fan and the 2 bathrooms are both fresh
and inviting. The bedrooms are nicely sized, especially the
master! The family room has a cozy fireplace and a slider
door out to the backyard space. Backyard features lots of
trees including a delicious orange tree, a covered patio, large
lawn space and garden make for some serene outdoor living.
Also included is a storage shed and a large gate on the side
of the home offering extra space for parking, even enough for an
RV. Don't miss this opportunity to live in close proximity to
UC Merced, Merced JC and the North Merced amenities.
Unit Size
1,981 Ft²
Days on Market
39 days
Land Size
0.16 acres
Price per sqft
$164
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975
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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 #MC20101913)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2020 | Sold | ||
| Sold | |||
| Jun 1, 2020 | Listed by London Properties Ltd, Atwater | $325,000 | |
| Listed by London Properties Ltd, Atwater | |||
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 Merced
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Larissa Sherman, London Properties Ltd, Atwater
Last Updated: 5 months ago
Data Source: CRMLS, MLS# MC20101913
Last Updated: 5 months ago
Data Source: CRMLS, MLS# MC20101913
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