Listed by: Lisa Di Noto, KELLER WILLIAMS EMPIRE ESTATES
$855,000
●
House -
Off Market
508 Iris Street
Redlands, CA 92373
4 Beds
3 Baths
2,541 Ft²
$4,164
Est. Monthly
About This Property
Welcome to 508 Iris Street! Stunning South Redlands pool home with
4 bedrooms, 3 bathrooms, and over 2,500 sqft! Gorgeous entry into
the formal living and dining room with a vaulted ceiling and beam.
Spacious modern kitchen with quartz countertops, tray ceiling,
recessed lighting, custom backsplash, tons of cabinet storage, and
a breakfast nook! Step down into the cozy family room with a
fireplace and sliding glass door to the backyard. Plantation
shutters and laminate flooring throughout. Main floor full
bathroom, and bedroom with custom cabinetry and backyard access.
Large laundry room with storage. Upstairs is the second master
bedroom with a lovely ensuite and a private balcony. Two additional
bedrooms and a full bathroom round up the rest of the house! The
backyard is a private refuge ready to entertain family and friends!
It doesn't get much better than a sparkling pool, covered patio,
places to lounge, and a view of beautiful trees. Minutes from Loma
Linda Hospital, Redlands Community Hospital, Downtown Redlands,
Live Oak Canyon, parks, shopping centers, and freeways! This is a
home you won't want to miss!
Unit Size
2,541 Ft²
Days on Market
56 days
Land Size
0.23 acres
Price per sqft
$334
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979
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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 #CV24223179)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 24, 2024 | Sold | ||
| Sold | |||
| Dec 1, 2024 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Relisted | $848,000 | |
| Relisted | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Listed by KELLER WILLIAMS EMPIRE ESTATES | $848,000 | |
| Listed by KELLER WILLIAMS EMPIRE ESTATES | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Redlands
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Listed by: Lisa Di Noto, KELLER WILLIAMS EMPIRE ESTATES
Last Updated: 2 years ago
Data Source: CRMLS, MLS# CV24223179
Last Updated: 2 years ago
Data Source: CRMLS, MLS# CV24223179
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