$325,000
●
House -
Off Market
5038 Spring View Drive
Banning, CA 92220
3 Beds
2 Baths
1,672 Ft²
$469,600
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
This 3 Bedroom, 2 bath, single story home spans 1,672 square feet
and has an open floor plan that is conducive to entertaining and
easy family living. A paved walkway approach and quaint porch greet
guests as they approach the front door. Just inside the entry, the
living room boasts vaulted ceilings and abundant natural light from
the windows flanking the space. The open kitchen, ideal for chefs
and guests, has a center island with bar seating and is
conveniently adjacent to the breakfast nook, family room, and
backyard access. The formal dining room, centrally located between
the kitchen and family room, features double French doors opening
onto the covered patio and .18 acre yard. The spacious rear yard
has no rear neighbor and is fully landscaped with garden boxes on
the West side of the home. Recently painted inside and new
carpet throughout. Having the lower Banning tax assessments,
but still being located in the Beaumont School district make this a
unique opportunity. Take a look at this one today!
Unit Size
1,672 Ft²
Days on Market
46 days
Land Size
0.18 acres
Price per sqft
$191
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997
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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 #IV19104192)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 5, 2019 | Sold | ||
| Sold | |||
| May 20, 2019 | Listed by WINDERMERE R.E. TOWER PROP. | $320,000 | |
| Listed by WINDERMERE R.E. TOWER PROP. | |||
| Sep 2, 2017 | Listed | $306,000 | |
| Listed | |||
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This home is in the Snow Creek Neighborhood of Banning. A well established, know your neighbors type of neighborhood! Enjoy the convenience of close to the freeway and shopping and Beaumont schools without Beaumont taxes! and NO HOA! This neighborhood rarely has homes for sale so come on by and visit this well cared for home. Designer paint inside and out is featured when you approach the home. There is a large family room and a lovely dining room connected to the kitchen and the family room with french doors..Light and pretty! The kitchen has lots of space for a kitchen table and chairs. The shared living space has dark manufactured flooring and there is carpet in the bedrooms. Both front and back yards are nicely landscaped. The backyard features a nice patio with a wooden cover. The three bedrooms are in the back of the house. One bath in the hall and one bath in the master. This is house provides space, light, comfort and homeyness. The manager has listed the unit size as 1672 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Sold On
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HOA + Taxes
About Banning
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Listed by: MILES TURNER, WINDERMERE R.E. TOWER PROP.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19104192
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19104192
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