35481 Menifee Road
About This Property
As you walk outside, you will find an attached garage and a great patio area with a ton of potential for the land. A good portion of the property is flat and usable, would be a great horse property. Close to the 215 and 15 freeways, shopping, and the award winning schools.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 18, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $700,000 | |
| Listed | |||
| | |||
|
This fantastic property is located right in Central Murrieta, just a few minutes from Clinton Keith Road and the I-215. This area is currently in the process of being re-zoned and is a prime area for a builder to come in and build. This would sky-rocket the value of the land in this area! Set on 5.3 acres of prime equestrian land, this handsome ranch-style home features large and open concept single story layout with 3 bedrooms and 2 bathrooms. As you walk inside, you will find an open-concept layout that features upgraded tile floors, huge family room, spacious dining room, a large and open kitchen with a breakfast bar, granite counter tops, plenty of cabinets, newly updated appliances and a large eating area. The master bedroom is large and the master bathroom offers granite counter-tops, dual-basin vanity and a large walk-in shower and a large soaking tub. The second bedroom is good sized and the third bedroom would make for a great guest room or office space. As you walk outside, you will find an attached garage and a great patio area with a ton of potential for the land. A good portion of the property is flat and usable, would be a great horse property. Close to the 215 and 15 freeways, shopping, and the award winning schools. The manager has listed the unit size as 1748 square feet.
| |||
| Jul 6, 2019 | Listed by Re/Max Real Pros | $700,000 | |
| Listed by Re/Max Real Pros | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Murrieta
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,900 /mo
- 3 Beds
- 2 Baths
- 1,504 ft²
$2,900 /mo
- 3 Beds
- 2 Baths
- 1,472 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017