21
Map
$1,450,000
↓ $50K (3.3%)
●
Land -
For Sale
44063 Mark Court
Hemet, CA 92544
Studio
0 Bath
$7,120
Est. Monthly
About This Property
***PRICE IMPROVEMENT.***VERY MOTIVATED SELLER***BUYER FAILED TO
PERFORM.*** Prime Developers Opportunity. Approximately 10 acres of
level fully developmental land. Final Trach Map Ready. Located in a
Highly Desirable area, these 16 Homesites are ready to build on 1/2
acre lots. Each lot has room for a 2,812 sqft, 4BD, 4 & 2 1/2
BA - 3,850 sqft 4 & 2 1/2 BA House, ADU (Additional Dwelling Unit),
RV Access, and an Extra Garage. These 1/2 Acre Lots are
exceptional as there are currently no developments with 1/2 Acre
Lots within the Hemet or San Jacinto city limits. Start moving dirt
upon the close of escrow. 90% of all dirt work is already
completed. Sewer, Water Gas and Electric are next to the tract.
Individual Water Meters have been APPROVED by Lake Hemet for each
parcel. No Mello Roos. A Completed 24" storm drain located on
Fairview services the entire tract eliminating stored water
requirement. All fees already paid. Option for a Gated Entry has
already been Approved. This site is only two blocks from the
Riverside County Sheriff's Office, 10 minutes to the 10 Freeway,
and close to the Ramona Expressway.
Unit Size
-
Days on Market
1106 days
Land Size
10.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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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: 5 days ago (CRMLS #EV23187765)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2025 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Apr 24, 2025 | Price Decreased |
$1,500,000
↓ $250K
(14.3%) | |
| Price Decreased | |||
| Nov 17, 2024 | Price Increased |
$1,750,000
↑ $250K
(16.7%) | |
| Price Increased | |||
| Oct 8, 2024 | Relisted | $1,500,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
With View
Exterior Details
Lot Features: Corner Lot, Level, SixteenToTwentyUnitsAcre, LotOver40000Sqft, StreetLevel
Lot Size Area: 435600
Lot Size Units: Square Feet
Lot Size Acres: 10
Lot Size Square Feet: 435600
Lot Size Dimensions: Approx 10 Acres
Tax Lot: 1
Water Source: None
Utilities Details
Sewer : None
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 Valle Vista
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Listed by: John Fox, KELLER WILLIAMS REALTY
Last Updated: 5 days ago
Data Source: CRMLS, MLS# EV23187765
Last Updated: 5 days ago
Data Source: CRMLS, MLS# EV23187765
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