1
Map
$359,900
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House -
Off Market
351 Hemlock Drive
Lake Arrowhead, CA 92352
3 Beds
1 Bath
1,180 Ft²
$512,884
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
This Lake Arrowhead home in the highly desired Palisades area
offers 3 bedrooms,1.75 bath. The home is the site of mountainous
fun and tranquility. You can walk to the lake using multiple ALA
access points or take a stroll to Cedar Glen for a bite to eat,
maybe some shopping. Driveway allows ample parking for weekend
getaways or for the full-time owner. Features include large
bedrooms, beautiful engineered hardwood floors throughout, kitchen
upgrades include granite counter tops stainless steel appliances.
Topped with a new roof. Front yard is inviting with custom
stonework & large patio for those friendly gathering's day or
night. This home is level entry from street to home to the
backyard. Seller is offering the property turnkey, so the
furnishings all gets to stay.
Unit Size
1,180 Ft²
Days on Market
48 days
Land Size
0.07 acres
Price per sqft
$313
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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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 months ago (CRMLS #219043347DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2020 | Sold | ||
| Sold | |||
| May 19, 2020 | Listed by RE/MAX LAKESIDE | $369,900 | |
| Listed by RE/MAX LAKESIDE | |||
 | |||
|
This Lake Arrowhead home in the highly desired Palisades area offers 3 bedrooms,1.75 bath. The home is the site of mountainous fun and tranquility. You can walk to the lake using multiple ALA access points or take a stroll to Cedar Glen for a bite to eat, maybe some shopping. Driveway allows ample parking for weekend getaways or for the full-time owner. Features include large bedrooms, beautiful engineered hardwood floors throughout, kitchen upgrades include granite counter tops stainless steel appliances. Topped with a new roof. Front yard is inviting with custom stonework & large patio for those friendly gathering's day or night. This home is level entry from street to home to the backyard. Seller is offering the property turnkey, so the furnishings all gets to stay.
| |||
| Jul 10, 2019 | Sold | ||
| Sold | |||
| Feb 8, 2019 | Listed by Prime Properties | $348,800 | |
| Listed by Prime Properties | |||
 | |||
|
Rare single LEVEL living with LEVEL entry and LEVEL parking. Remodeled with wood floors, granite counters, stainless steel appliances, fenced front courtyard, living room with fireplace, true master bedroom. All in one of the most sought after neighborhoods, Palisades, especially on Halloween. Walk to lake, then take trail to Village.
| |||
Property Highlights
Parking Available
Garage
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
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Arrowhead
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Listed by: Marvin Mark Stone, Re/Max Advantage
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 219043347DA
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 219043347DA
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