$365,000
●
House -
Off Market
3506 Balmont Street
Lancaster, CA 93536
3 Beds
1 Bath
936 Ft²
$396,603
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Welcome to 3506 Balmont Ave. This modest home is highlighted with
tasteful upgrades throughout and a paid for solar system!! Join me
as we enter the home and step into the living room with tile
flooring, ceiling fan and large windows which offer natural light.
The kitchen has a functional layout, complete with a center island,
white cabinets, modern hardware granite counter tops, mosaic glass
backsplash and stainless-steel appliances. The 3 bedrooms are
spacious and feature ceiling fans . The main bathroom has two
vanities and shower tub. As an added bonus the garage has been
converted into additional living space. Come see why this is a
perfect place to call home. Hurry and show at this price it won't
last.
Unit Size
936 Ft²
Days on Market
40 days
Land Size
0.16 acres
Price per sqft
$385
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1971
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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: 2 years ago (CRMLS #SR21242728)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Dec 1, 2023 | Listed by Keller Williams Beach Cities | $389,900 | |
| Listed by Keller Williams Beach Cities | |||
| | |||
|
Solar Panel Credit average of $140 monthly WOW! 3 bedrooms + a semi converted garage! Making this home a perfect home and rental income all
in one. And that's not all – enjoy the added benefit of fully paid-off solar panels, a testament to modern efficiency and cost savings. Step inside to
be greeted by inviting tile floors that lead you through the meticulously designed space, where the interplay of ceiling fans and wide windows
bathe every corner in an abundance of invigorating natural light. The heart of the home, the kitchen, showcases an elegant marriage of granite
countertops and a mosaic glass backsplash, complemented by sleek stainless-steel appliances that make cooking a true pleasure. Indulge in the main bathroom, featuring not just one but two stylish vanities, perfectly designed for your convenience. And for those seeking a soothing soak, the
shower tub awaits, providing the ultimate indulgence after a long day. Embrace the allure of modern living with a touch of practicality – this is
where dreams and investment opportunities unite.
| |||
| Oct 27, 2023 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
| Price Decreased | |||
| Oct 7, 2023 | Price Decreased |
$410,000
↓ $8K
(1.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
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Listed by: Esperanza Marroquin, Marro Real Estate, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR21242728
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR21242728
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