$222,000
●
House -
Off Market
40536 Poppy Drive
Hemet, CA 92544
2 Beds
2 Baths
1,213 Ft²
$348,269
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model
About This Property
SINGLE STORY JEWEL! Located in a desirable, well established Hemet
neighborhood, this move-in ready home is the one you have been
waiting for! Boasting plenty of curb appeal with easy to care for
drought tolerant landscaping & circular driveway, you will fall in
love from the curb. Indoors, you are greeted by warm, neutral paint
tones, tasteful laminate and tile flooring as well as new carpet.
Cooking is a pleasure in the well-appointed kitchen featuring
granite counter tops, stylish back splash and brand new dishwasher
and stove! A bonus room off the garage offers additional space.
Enjoy the security of a newer roof that is less than 3 years old!
The spacious backyard with partial new fencing will be a favorite
spot to relax and unwind after a long day. Don't miss your
opportunity - come take a look today!
Unit Size
1,213 Ft²
Days on Market
56 days
Land Size
0.17 acres
Price per sqft
$185
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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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 #SW18019385)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2022 | No longer available | - | |
| No longer available | |||
| Jul 14, 2022 | In contract | - | |
| In contract | |||
| Jun 29, 2022 | Listed by Realty ONE Group Southwest | $334,000 | |
| Listed by Realty ONE Group Southwest | |||
| | |||
|
Located in a desirable and well established Hemet neighborhood. Boasting plenty of curb appeal with easy to care for drought tolerant landscaping & circular driveway, you will fall in love from the curb. Indoors, you are greeted by warm, neutral paint tones, tasteful laminate and tile flooring as well as carpet. Cooking is a pleasure in the well-appointed kitchen featuring granite counter tops and stylish back splash. A bonus room off the garage offers additional space. Enjoy the security of a newer roof that is less than 6 years old! The manager has listed the unit size as 1213 square feet.
| |||
| Mar 23, 2018 | Sold | ||
| Sold | |||
| Jan 26, 2018 | Listed by Redfin Corporation | $224,900 | |
| Listed by Redfin Corporation | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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 East Hemet
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Listed by: Jennifer Williams, Redfin Corporation
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW18019385
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW18019385
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