$480,000
●
House -
Off Market
40550 Corte De Rubi
Murrieta, CA 92562
4 Beds
3 Baths
2,441 Ft²
$750,977
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model
About This Property
Amazing two-story home with lots of upgrades in central Murrieta;
property was completely remodeled in 2017. Property is
located in a very desirable neighborhood with great schools and
easy access to park and dog park. Home features 4-bedrooms, 3 full
bathrooms, large kitchen with island and quartz-countertops, and
appliances less than one year old. There is a full bedroom and full
bathroom located on the first floor; remaining bedrooms to include
Master bedroom are located on the second-floor. Master Bathroom has
been upgraded with custom tile floor and shower. Backyard
consist of a recently built 25x10 cover patio, a large backyard
(9,148 SqFt) with potential for RV parking or to build a pool.
Additionally, a 8.25-Kilowatt home solar system was recently
installed, this will ensure you have no need to pull energy from
the grid. Home comes with LED lighting for even more energy
efficiency. Having easy accessibility to both, I-15 and
I-215, coupled with NO-HOA and low taxes increases the desirability
of this property. An absolute gem and a fantastic
opportunity.
Unit Size
2,441 Ft²
Days on Market
63 days
Land Size
0.21 acres
Price per sqft
$197
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988
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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 #SW17267221)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 1, 2018 | Sold | ||
| Sold | |||
| Nov 30, 2017 | Listed by Atlas Realty & Prop. Mgt., Inc | $480,000 | |
| Listed by Atlas Realty & Prop. Mgt., Inc | |||
| Jul 6, 2017 | Sold | ||
| Sold | |||
| May 19, 2017 | Listed by California Realty Experts | $434,900 | |
| Listed by California Realty Experts | |||
| | |||
|
Desirable Murrieta location with NO HOA and very LOW TAXES. This charming corner lot home has been remodeled from top to bottom. The exterior of the home has a fresh coat of paint finished off with new landscaping. The entry has vaulted ceilings and a spiral staircase. The home is dressed with New carpet and New paint throughout. The formal living room has a beautiful fireplace and large picture windows. The family room is adjacent to the kitchen and features a cozy fireplace w/reclaimed wood mantel and stacked stone surround. The kitchen features new recessed lighting, quartz counters, refinished cabinets, new stainless steel built-in appliances, wine fridge and basin sink. There is a full bedroom and and bathroom on the main level as well as a wet bar and spacious laundry room w/sink. The 2 secondary bedrooms upstairs share a jack-n-jill bath with oversize closets. The master offers double door entry, vaulted ceilings and a beautifully upgraded bath w/custom tile floors and shower/tub w/seamless glass doors, custom vanity and large walk-in closet. The large lot features a large side yard with potential RV parking, large patio area and mature trees. Just a short walk to one of Murrieta's favorite dog parks, shopping, entertainment and freeway access.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Murrieta
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Listed by: Carlos Hernandez, Atlas Realty & Prop. Mgt., Inc
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17267221
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17267221
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