1
Map
$625,000
●
House -
Off Market
523 Solano Way
Redlands, CA 92374
3 Beds
2 Baths,
1
Half Bath
1,532 Ft²
$2,942
Est. Monthly
About This Property
Turnkey home with a three car garage in a quiet and established
neighborhood. Beautifully maintained, only a single owner since
being built. This home features soaring cathedral ceilings
upon walking in, Milgard windows throughout, retiled upstairs
bathrooms, and has been well maintained inside and out. The HVAC
system and water heater are both 2 years old, and recent roof work
has been completed. Situated on a generous 7,200 sq. ft. lot, there
is plenty of room for gardening, play, or family BBQs. The backyard
is an entertainer's dream. There is a covered patio, built-in BBQ,
and a firepit. The landscaping is mature and there is a producing
lemon tree in the yard. Whether you are looking for a quiet place
to grow or a vibrant home to host friends, this property delivers
on every front. Excellent Redlands schools.
Unit Size
1,532 Ft²
Days on Market
47 days
Land Size
0.17 acres
Price per sqft
$391
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987
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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 #IG26104159)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by Shaw Real Estate Brokers | $599,000 | |
| Listed by Shaw Real Estate Brokers | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Redlands
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Listed by: JOSEPH SHAW, Shaw Real Estate Brokers
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG26104159
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG26104159
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