32922 Shrimp Lane
About This Property
The inviting main home boasts a wrap-around porch with mountain views. Completely remodeled from the ground up, it features luxury vinyl flooring throughout, a stunning kitchen with quartz countertops, a large kitchen island with a breakfast bar, a wine fridge, and stainless steel appliances. The main home has 3 bedrooms, each with its own private bathroom, featuring beautiful tile work in the walk-in showers. There's also a full guest bathroom. The spacious primary bedroom includes a barn door leading to a custom shower with dual rain shower heads.
Perfect for entertaining, the property includes a large breezeway covered area leading to the guest house, which is fully equipped with a long bar area, ice maker, ample storage, and a refrigerator. This area is ideal for watching your favorite sports games and has its own private bathroom for guests. The guest house has a private entrance with a living area, kitchen nook, bedroom, and bathroom, making it perfect for out-of-town guests or rental opportunities. Additionally, there's another private entrance to a large game room or bedroom with a loft area.
The pool area is fully fenced, offering a vacation-like atmosphere with an infinity pool, gray finish, spa, and fire pit. The property has both a well and city water access. With extensive concrete work, freshly landscaped grounds with irrigation, a 2-car garage with epoxy flooring and ample cabinet space, and a separate 1-car garage, this home has it all. Located in the Temecula school district with low property taxes and no HOA, this property is a must-see to appreciate its beauty!
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Cap Rate Calculator
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 18, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Price Decreased |
$1,149,000
↓ $101K
(8.1%) | |
| Price Decreased | |||
| Jul 3, 2024 | Listed by United One Realty | $1,250,000 | |
| Listed by United One Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017