$389,900
●
House -
Off Market
3815 Melody Lane
Riverside, CA 92504
3 Beds
2 Baths
1,271 Ft²
$591,745
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model
About This Property
This beautiful, Mid-Century Ranch, home has been completely
remodeled and updated from the ground up. 3 bedrooms and 2 baths,
with approximately 1,271 square feet of living space. A 2 car,
attached, garage with breezeway. Located on a corner lot. The
kitchen has new cabinetry, granite counter tops, glass tile back
splash and black appliances. All new plumbing and electrical
fixtures, throughout. Distressed wood looking tile flooring. New
HVAC system. Wood burning fireplace in the living room and dining
area. updated insulation and new water heater. Laundry room with
gas and 220 electrical for dryer. Dual pane windows and a new
composition shingle roof. The master bath has dual basins and a
fully tiled shower. Water wise landscaping in front yard, with drip
watering system. Fully fenced, front side and
rear yards.
Unit Size
1,271 Ft²
Days on Market
61 days
Land Size
0.22 acres
Price per sqft
$307
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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: 4 months ago (CRMLS #IV18220745)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 9, 2018 | Sold | ||
| Sold | |||
| Sep 9, 2018 | Listed by GS STRATEGIES, INC. | $389,900 | |
| Listed by GS STRATEGIES, INC. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Asking Price
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Closing Price
Sold On
Sold On
HOA + Taxes
About Ramona
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Listed by: JOHN MARTINDALE, GS STRATEGIES, INC.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV18220745
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV18220745
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