$157,500
●
House -
Off Market
500 Barber Drive
Hemet, CA 92543
2 Beds
2 Baths
1,026 Ft²
$237,276
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model
About This Property
Desirable 55+ home in a great Community nearby the Diamond Lake
with a walking distance to Echo Hills Golf Course. Great single
story with spacious floor plan. Feature 2 bedrooms 2 bathrooms with
a dual pane windows and sliding glass doors to the backyard, one
car garage with low tax rate and low HOA fees ($50.00 per month)
make this a great place to relax, golf and play. Located on a quiet
cul-de-sac. It's also a great investment opportunity. Come Take a
look!!
Unit Size
1,026 Ft²
Days on Market
61 days
Land Size
0.09 acres
Price per sqft
$156
Property Type
House
Property Taxes
-
HOA Dues
$50
Year Built
1962
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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 #OC19039666)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2023 | No longer available | - | |
| No longer available | |||
| Feb 17, 2023 | In contract | - | |
| In contract | |||
| Feb 11, 2023 | Price Decreased |
$294,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Oct 21, 2022 | Listed by Realty Source | $299,000 | |
| Listed by Realty Source | |||
| | |||
|
Desirable 55+ single story corner home on a quiet culdesac in a great Community of Hemet. Ten minutes from Diamond Lake with walking distance to enjoy golfing at Echo Hills Golf Course. Home offers open floor plan 2 bedrooms 2 bathrooms and a enclosed patio with dual pane windows and sliding glass doors to the backyard. AC unit replaced a little over a year ago, Roofing less than 3 yrs old! One car garage and separate laundry room. Low tax rate and low HOA fees ($60.00 per month) makes this a great place to relax, golf and play. HOA amenities include a Clubhouse, Community Pool, Greenbelt, Rose Garden & Drought Garden. New Homeowners required to a meet-up with the HOA Management prior to closing of escrow. Minutes to shopping, dining, banking and even DMV. Kindly drive-by only at this time, do not disturb Tenants. Great place to call home! The manager has listed the unit size as 1026 square feet.
| |||
| Apr 23, 2019 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Rossana Aliaga, Realty One Group Inc
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC19039666
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC19039666
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