$850,000
●
House -
Off Market
38932 Cherry Point Lane
Murrieta, CA 92563
5 Beds
3 Baths
2,965 Ft²
$4,415
Est. Monthly
$49
HOA / Fees
4.90%
Cap Rate
About This Property
Rare single-story floor plan with over 2,900 square feet of living
space featuring 5 bedrooms and 3 bathrooms. This spacious home
boasts 10-foot ceilings and has been recently updated with fresh
interior paint and brand-new vinyl flooring throughout all bedrooms
and the living room, creating a clean and modern atmosphere. The
open layout is perfect for comfortable indoor and outdoor living.
Enjoy a large backyard with plenty of space for entertaining,
gardening, or play, and a 3-car garage providing ample parking and
storage. Located in a desirable Murrieta community with a low HOA
of only $49 per month. Solar Panels were paid off. Community
amenities include a pool, spa, tennis courts, basketball courts,
and a clubhouse-offering a resort-style lifestyle. Additional
features include a fire sprinkler system, sewer connection. Don't
miss this exceptional opportunity to own a piece of paradise in
Murrieta.
Unit Size
2,965 Ft²
Days on Market
115 days
Land Size
0.36 acres
Price per sqft
$300
Property Type
House
Property Taxes
-
HOA Dues
$49
Year Built
2003
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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: 11 months ago (CRMLS #WS25169664)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 25, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Decreased |
$889,000
↓ $29K
(3.2%) | |
| Price Decreased | |||
| Jul 1, 2025 | Listed by RE/MAX PREMIER/ARCADIA | $918,000 | |
| Listed by RE/MAX PREMIER/ARCADIA | |||
Property Highlights
Garage
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 Winchester-Silverhawk
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Listed by: LEI SHEN, RE/MAX PREMIER/ARCADIA
Last Updated: 11 months ago
Data Source: CRMLS, MLS# WS25169664
Last Updated: 11 months ago
Data Source: CRMLS, MLS# WS25169664
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