Listed by: Kay Wilson-Bolton, eXp Realty of California
$820,000
●
House -
Off Market
501 Fairfield Road
Simi Valley, CA 93065
3 Beds
3 Baths,
1
Half Bath
1,912 Ft²
$4,698
Est. Monthly
$278
HOA / Fees
5.36%
Cap Rate
About This Property
This is a wonderful neighborhood in Wood Ranch called 'The Greens'.
The home is located in the cul-de-sac on a particularly large lot
estimated to be 11,000 sf. The backyard looks onto the fairway. The
beautiful pool and patio is an entertainer's delight. There is a
large living room and fireplace, country kitchen and dining area.
The formal dining room is adjacent to the living room. The home is
owned by the original owners, and have moved to other
accommodations. Two comfy chairs are positioned in the primary
bedroom to gaze out onto the beautiful green course. The home
has been maintained but the personality reflects the original
condition. There are three bedrooms and 2.5 baths. There is a
unique room in the upstairs hallway next to the primary bedroom
currently used as an office. Note: This is a probate sale and
court approval is required. The public guardian cannot sign off on
an offer until August 5. Offers can be received.Once the
buyer removes all contingencies, iincluding fire insurance, the
court date will be requested which will be 30 days from that date.
Unit Size
1,912 Ft²
Days on Market
144 days
Land Size
0.25 acres
Price per sqft
$471
Property Type
House
Property Taxes
-
HOA Dues
$278
Year Built
1989
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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 #V1-24659)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 12, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | In contract | - | |
| In contract | |||
| Sep 8, 2024 | Relisted | $900,000 | |
| Relisted | |||
| Sep 5, 2024 | In contract | - | |
| In contract | |||
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Property Highlights
Garage
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
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Baths
ft²
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Listed On
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HOA + Taxes
About Simi Valley
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Listed by: Kay Wilson-Bolton, eXp Realty of California
Last Updated: 2 years ago
Data Source: CRMLS, MLS# V1-24659
Last Updated: 2 years ago
Data Source: CRMLS, MLS# V1-24659
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