$508,000
●
House -
Off Market
508 Terra Ln
El Cajon, CA 92019
4 Beds
2 Baths
1,508 Ft²
$880,466
RealtyHop Estimate
67.71%
Since Sep 1, 2017
CA-San Diego
Primary Model
About This Property
A restoration done right! Great location near JFK Park & Granite
Hills HS. A brand-new kitchen with granite counters, all new
stainless steel appliances a breakfast area & a pantry. Freshly
painted inside & out. Both bathrooms have been redone and look
great. New dual pane windows with custom shutters throughout the
house. Ceiling fans in the bedrooms with central heat & A/C. The
house and the attached 2 car garage have been insulated. The front
and back yards have a nice mix of grass area & rock gardens.
Neighborhoods: Granite Hills Equipment: Garage Door Opener Other
Fees: 0 Sewer: Sewer Connected Topography: LL
Unit Size
1,508 Ft²
Days on Market
47 days
Land Size
0.15 acres
Price per sqft
$348
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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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 (SDMLS #170035382)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2024 | No longer available | - | |
| No longer available | |||
| Mar 8, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by eXp Realty of California, Inc. | $840,000 | |
| Listed by eXp Realty of California, Inc. | |||
| | |||
|
This Granite Hills single story home is ready for its next chapter! Updates throughout the home include: newer HVAC system, dual pane windows, shutters, turf in the front yard, along with an updated kitchen & bathrooms. The low maintenance backyard offers a variety of citrus trees, as well as a nectarine and avocado tree, along with strawberries and passion fruit! Freshly painted throughout. The garage is drywalled, painted and has extra lighting, making it the perfect space for those home projects! The manager has listed the unit size as 1508 square feet.
| |||
| Aug 23, 2017 | Sold | ||
| Sold | |||
| Jul 7, 2017 | Listed by Cowles Mountain Realty | $525,000 | |
| Listed by Cowles Mountain Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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Sold On
HOA + Taxes
About El Cajon
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Listed by: Glenn Bennett, Cowles Mountain Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170035382
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170035382
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