Listed by: Susie Hill, Better Homes and Gardens Real Estate Town Center
$740,000
●
Condo -
Off Market
488 Bannister Way #A
Simi Valley, CA 93065
2 Beds
2 Baths
1,300 Ft²
$4,231
Est. Monthly
$553
HOA / Fees
4.21%
Cap Rate
About This Property
Exclusive gated community called Summerside. Where nature abounds.
Every window and 2 patios overlook greenbelt.This single-story end
unit is a dream. Fireplace in living room with dining area.
Breakfast bar and a breakfast nook in this well appointed kitchen
with granite.Large enough for all. Pantry too. Access to garage off
kitchen leads to two car garage with white cabinets lining both
sides of garage. Hallway has laundry area with some storage.
Primary suite is large with its own patio overlooking greenbelt,
Updated vanity and quartz counter,walk-in closet. Large tub with
shower.Secondary bedroom is light and bright as well. High ceilings
make this a beautiful place to call home. Summerside residents
benefit from access to an inviting pool and spa. This is a
desirable neighborhood because it close to top-rated schools,
scenic hiking trails, bike routes, walking paths, with peace and
quiet.
Unit Size
1,300 Ft²
Days on Market
77 days
Land Size
-
Price per sqft
$576
Property Type
Condo
Property Taxes
-
HOA Dues
$553
Year Built
-
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Cap Rate Calculator
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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: 2 years ago (CRMLS #224003915)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 3, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $749,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 17, 2024 | Listed by Better Homes and Gardens Real Estate Town Center | $749,000 | |
| Listed by Better Homes and Gardens Real Estate Town Center | |||
 | |||
|
Exclusive gated community called Summerside. Where nature abounds. Every window and 2 patios overlook greenbelt.This single-story end unit is a dream. Fireplace in living room with dining area. Breakfast bar and a breakfast nook in this well appointed kitchen with granite.Large enough for all. Pantry too. Access to garage off kitchen leads to two car garage with white cabinets lining both sides of garage. Hallway has laundry area with some storage. Primary suite is large with its own patio overlooking greenbelt, Updated vanity and quartz counter,walk-in closet. Large tub with shower.Secondary bedroom is light and bright as well. High ceilings make this a beautiful place to call home. Summerside residents benefit from access to an inviting pool and spa. This is a desirable neighborhood because it close to top-rated schools, scenic hiking trails, bike routes, walking paths, with peace and quiet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Garage Spaces: 2
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Levels: One
Interior Features: Separate Formal Dining Room, All Bedrooms Down
Appliances: Dishwasher, Disposal, Microwave, Range
Flooring Type: Carpet
Living Area Square Feet Source: PublicRecords
Laundry Features: In Garage
Has Fireplace
Living Room, Wood Burning
Exterior Details
Year Built: 1992
Parcel Number: 5960151125
Home Type: Residential
Outdoor Living Structures: Deck
Spa Features: In Ground
Pool Features: Community, In Ground
Lot Information: Sprinkler System
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Location Details
Association Fee: $430
Association Fee Frequency: Monthly
Association Fee2: $123
Association Fee2 Frequency: Monthly
Community Features: Pool
Subdivision: Summer Side-399 - 1004512
Subdivision Name: Summer Side-399 - 1004512
Directions: Wood Ranch Parkway to Circle Knoll, proceed to Bannister Way first gate on left once you enter gate it's the first building on left. Park by mailboxes.
Other Details
Listing Terms: Cash, Conventional, FHA, VaLoan
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/17/2024
|
2 Bed
|
2 Bath
|
1300 ft²
|
$749,000
2 Bed
2 Bath
1300 ft²
|
$740,000
-1.20%
12/03/2024
|
Susie Hill
Evolve RE Inc.
| |
|
04/29/2022
|
3 Bed
|
2 Bath
|
1835 ft²
|
$729,000
3 Bed
2 Bath
1835 ft²
|
$729,000
06/03/2022
|
Chad Martinson
Pinnacle Estate Properties Inc
|
Building Info
About Simi Valley
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Listed by: Susie Hill, Better Homes and Gardens Real Estate Town Center
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 224003915
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 224003915
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