$749,635
●
House -
Off Market
40486 Melrose Drive
Temecula, CA 92591
4 Beds
3 Baths
2,155 Ft²
$3,830
Est. Monthly
$149
HOA / Fees
5.36%
Cap Rate
About This Property
Brand new, energy-efficient home ready NOW! Photos are of builder
model home. Cook meals with the family in the expansive kitchen
that looks out to the backyard. White cabinets with ornamental
white granite countertops, granite valley EVP flooring and brown
textured carpet in our Crisp 2 package. Meet Valiant at Heirloom
Farms, a community of single-family homes now selling with newly
opened model homes in Temecula, CA. This community offers residents
amenities for the whole family and is conveniently located in the
award-winning Temecula school district. Each energy-efficient home
also comes standard with features that go beyond helping you save
on utility bills-they allow your whole family to live better and
breathe easier too.* Each of our homes is built with
innovative, energy-efficient features designed to help you enjoy
more savings, better health, real comfort and peace of mind.
Unit Size
2,155 Ft²
Days on Market
99 days
Land Size
0.06 acres
Price per sqft
$348
Property Type
House
Property Taxes
-
HOA Dues
$149
Year Built
-
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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: 3 years ago (CRMLS #OC24112948)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Relisted | $749,635 | |
| Relisted | |||
| Jun 18, 2024 | Listed by Meritage Homes of California | $723,295 | |
| Listed by Meritage Homes of California | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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 Temecula
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Listed by: Michelle Shepherd, Meritage Homes of California
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24112948
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24112948
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