$287,000
●
House -
Off Market
505 Lierly
Taft, CA 93268
4 Beds
2 Baths
1,560 Ft²
$1,449
Est. Monthly
About This Property
RARE OPPORTUNITY IN TAFT – Welcome to 505 Lierly Ave, where instant
equity meets modern comfort. This recently remodeled home is priced
below recent appraisal, delivering immediate financial advantage
from day one. Step inside to discover fresh, contemporary finishes
throughout the home, creating move-in ready perfection. Paid-off
solar panels eliminate energy costs, putting thousands back in your
pocket annually while boosting resale value.
Perched to capture serene hillside views, this property offers both aesthetic appeal and undeniable investment potential. The numbers tell the story: appraised significantly higher than list price, zero ongoing solar expenses, and complete interior renovation. Whether you're a savvy investor recognizing market opportunity, a first-time buyer seeking maximum value, or someone trading up without overpaying, this home delivers on every metric. Equity from closing day, modern upgrades without the construction headache, and energy independence that pays dividends for decades. Taft living offers authentic community and affordable California lifestyle. Don't let this priced-to-move gem slip away-schedule your showing today.
Perched to capture serene hillside views, this property offers both aesthetic appeal and undeniable investment potential. The numbers tell the story: appraised significantly higher than list price, zero ongoing solar expenses, and complete interior renovation. Whether you're a savvy investor recognizing market opportunity, a first-time buyer seeking maximum value, or someone trading up without overpaying, this home delivers on every metric. Equity from closing day, modern upgrades without the construction headache, and energy independence that pays dividends for decades. Taft living offers authentic community and affordable California lifestyle. Don't let this priced-to-move gem slip away-schedule your showing today.
Unit Size
1,560 Ft²
Days on Market
40 days
Land Size
0.23 acres
Price per sqft
$189
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006
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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: 8 months ago (CRMLS #SR26031253)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 25, 2026 | In contract | - | |
| In contract | |||
| Feb 11, 2026 | Listed by Berkshire Hathaway HomeServices Associated Real Estate | $295,000 | |
| Listed by Berkshire Hathaway HomeServices Associated Real Estate | |||
| Aug 20, 2025 | Listed | $325,000 | |
| Listed | |||
| | |||
|
Discover your dream retreat, a stunning 4-bed, 2-bath residence spanning 1560 square foot in picturesque Taft. This modern home is equipped with an owned solar system and a Tesla battery installed in 2017, providing not only energy efficiency but also an annual credit. Step inside to a bright, open layout adorned with upgraded laminate flooring. The contemporary kitchen is perfectly appointed with sleek stainless steel appliances. Outside, a sprawling lot features a backyard shed. Positioned for convenience, the property is near schools, parks, and shopping, ensuring you're never far from amenities.
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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
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About South Taft
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Listed by: Andrie Nainggolan, Berkshire Hathaway HomeServices Associated Real Estate
Last Updated: 8 months ago
Data Source: CRMLS, MLS# SR26031253
Last Updated: 8 months ago
Data Source: CRMLS, MLS# SR26031253
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