Listed by: BARBARA BATES, CENTURY 21 LOIS LAUER REALTY
$536,000
●
House -
Off Market
509 Lemon Street
Redlands, CA 92374
2 Beds
1 Bath
1,250 Ft²
$2,647
Est. Monthly
About This Property
Experience living on charming Lemon/Lime Street in this 1951
single-story gem! This special property has 2 bedrooms and a
bright bonus room perfect for dining, crafts, or an office.
Original tile vanity and tub/shower in bathroom.
Kitchen tile was redone to match color and style of the
1950's! Recent improvements include new interior paint, new
sliding glass door and screen, exterior termite work of $3600,
refinished bathroom sink, new bedroom lights. NEW AC and HEAT
in 2020 plus new DUCTS in 2022. New dishwasher and kitchen
flooring in 2020. Fireplace flanked by built-in bookcases.
Hardwood floors.
Fenced backyard with lemon trees, deck, and sprinklers. Orange trees in side yard. Located just north of Cypress conveniently located close to Panera, Albertsons, U of R, historic downtown Redlands, I-10, and public transit.
Fenced backyard with lemon trees, deck, and sprinklers. Orange trees in side yard. Located just north of Cypress conveniently located close to Panera, Albertsons, U of R, historic downtown Redlands, I-10, and public transit.
Unit Size
1,250 Ft²
Days on Market
47 days
Land Size
0.15 acres
Price per sqft
$431
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
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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 #IG24216334)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 11, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Price Increased |
$539,000
↑ $10K
(1.9%) | |
| Price Increased | |||
| Nov 12, 2024 | Price Decreased |
$529,000
↓ $21K
(3.8%) | |
| Price Decreased | |||
| Oct 24, 2024 | Listed by CENTURY 21 LOIS LAUER REALTY | $549,900 | |
| Listed by CENTURY 21 LOIS LAUER 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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About South Redlands
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Listed by: BARBARA BATES, CENTURY 21 LOIS LAUER REALTY
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG24216334
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG24216334
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