$350,000
●
House -
Off Market
426 Michelle Lane
Hemet, CA 92544
3 Beds
2 Baths
1,763 Ft²
$597,167
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model
About This Property
Do not pass up this opportunity for a great single-story ranch
style home at the end of a cul-de-sac street. All flat useable land
on .47 acres.Bring your RV's and trailers or whatever you have!
HUGE concrete gated RV access! The kitchen has been completely
remodeled from top to bottom. Beautiful new cabinets, stainless
steel appliances including a farmhouse sink, granite counter top,
gorgeous tile backsplash, recessed lighting and wood floors. The
kitchen overlooks the spacious family room with a floor to ceiling
brick fireplace and crown molding. There is a separate living room
or formal dining room. Plantation shutters, ceiling fans, new
energy efficient windows and so much more. Step into the backyard
and enjoy entertaining in the spacious backyard with inground pool
and spa and large covered patio. This a great home with low taxes
and no HOA fees. You must see this house to appreciate the
traditional ranch style.
Unit Size
1,763 Ft²
Days on Market
74 days
Land Size
0.47 acres
Price per sqft
$213
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1977
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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 #SW17143755)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $375,000 | |
| Listed | |||
| | |||
|
Do not pass up this opportunity for a great single-story ranch style home at the end of a cul-de-sac street. All flat useable land on .47 acres.Bring your RV's, trailers, horses, small farm animals or whatever you have! HUGE concrete gated RV access! The kitchen has been completely remodeled from top to bottom. Beautiful new cabinets, stainless steel appliances including a farmhouse sink, granite counter top, gorgeous tile backsplash, recessed lighting and wood floors. The kitchen overlooks the spacious family room with a floor to ceiling brick fireplace and crown molding. There is a separate living room or formal dining room. Plantation shutters, ceiling fans, new energy efficient windows and so much more. Step into the backyard and enjoy entertaining in the spacious backyard with inground pool and spa and large covered patio. This a great home with low taxes and no HOA fees. You must see this house to appreciate the traditional ranch style.The manager has listed the unit size as 1763 square feet.
| |||
| Jun 24, 2017 | Listed by Coldwell Banker Assoc.Brkr-Mur | $375,000 | |
| Listed by Coldwell Banker Assoc.Brkr-Mur | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hemet
Similar Homes for Sale
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Listed by: Jennifer Murphy, Coldwell Banker Assoc.Brkr-Mur
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17143755
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW17143755
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