$360,000
●
House -
Off Market
4465 Memory Lane
Hemet, CA 92544
3 Beds
2 Baths
2,086 Ft²
$551,250
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
Great Ranch-Style home in desirable Northeast Hemet neighborhood on
.67 acres on the curve of a cul-de-sac of custom-built homes.
Windows have been upgraded to energy-efficient dual pane! This home
is nicely situated on the lot to take advantage of huge gated RV
access. You can pull several vehicles into the rear and still have
a huge yard. Fully concreted slab for parking in the rear and side.
Large living room with a fireplace, all three bedrooms are very
spacious, master bedroom has a large walk-in closet and room for a
private retreat area, great kitchen with Corian counter tops, gas
range and double oven opens to the dining room and family room.
Very nice gazebo in the backyard, large covered patio, built-in BBQ
and an above ground spa. Lots of great things you can do with this
home! Extremely low 1.1% tax rate with no HOA!!!
Unit Size
2,086 Ft²
Days on Market
65 days
Land Size
0.67 acres
Price per sqft
$180
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 #SW19073861)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2019 | Sold | ||
| Sold | |||
| Apr 2, 2019 | Listed by Coldwell Banker Assoc.Brkr-Mur | $375,000 | |
| Listed by Coldwell Banker Assoc.Brkr-Mur | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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Sold On
Sold On
HOA + Taxes
About Hemet
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Listed by: Jennifer Murphy, Coldwell Banker Assoc.Brkr-Mur
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19073861
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SW19073861
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