1
Map
$485,000
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House -
Off Market
371 Hemlock Drive
Lake Arrowhead, CA 92352
3 Beds
2 Baths
1,049 Ft²
$566,464
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Sellers are motivated & found replacement property! Completely
rebuilt Lake Arrowhead charmer! Located in the charming
neighborhood of the palisades. Walking distance to lake, shops &
restaurants. Level entry with master bedroom on the main floor.
Spacious living room with cozy painted brick fireplace. Rustic
tongue & grove ceilings with wood beams. Kitchen has stainless
steel appliances, designer countertops & modern lodge styled
cabinets. Open concept living has slider opening up to oversized
wood deck. Deck overlooks undeveloped fenced area that could be
finished with artificial grass or landscaped with fire pit. Buyer
can use their imagination to design their dream backyard. Large
storage shed/ laundry room could also be converted into pet room or
lake toys room. Upstairs has two guest rooms that share bathroom.
Bedroom on the right has large walk in closet & office area in
bedroom. Equipped with AC. Furniture included. Start living the
Lake Arrowhead dream!
Unit Size
1,049 Ft²
Days on Market
120 days
Land Size
0.07 acres
Price per sqft
$476
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020
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Cap Rate Calculator
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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 #RW2300727)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2021 | Sold | ||
| Sold | |||
| May 6, 2021 | Listed by COLDWELL BANKER SKY RIDGE RLTY | $499,000 | |
| Listed by COLDWELL BANKER SKY RIDGE RLTY | |||
Property Highlights
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 Lake Arrowhead
Similar Homes for Sale
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Listed by: Meghan Hardin, COLDWELL BANKER SKY RIDGE RLTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# RW2300727
Last Updated: 5 months ago
Data Source: CRMLS, MLS# RW2300727
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