$585,000
●
House -
Off Market
5727 Royal Hill Drive
Riverside, CA 92506
4 Beds
2 Baths
2,950 Ft²
$782,258
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Now is your opportunity to purchase a sprawling ranch home in one
of Riverside's finest neighborhoods. This charming home boasts 5
bedrooms; one, a bedroom/bonus room/mother-in-law quarters with a
separate bathroom, sitting area and entrance. The dining room is
very spacious with a built-in hutch and many windows for abundant
light. The kitchen has been custom remodeled and has an adjacent
laundry/pantry room. This corner lot has several garden areas with
a raised patio, mature trees, side garden orchard, and side play
area. Further additions that have added to the livability include a
large family room with built-ins and custom shelving in bedrooms.
As an added bonus, a PV solar system provides free electricity and
there is a newly sleeved sewer line. What an opportunity for a
family to make this a forever home!
Unit Size
2,950 Ft²
Days on Market
96 days
Land Size
0.37 acres
Price per sqft
$198
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
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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 #IV20136876)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2020 | Sold | ||
| Sold | |||
| Jul 13, 2020 | Listed by WINDERMERE R.E. TOWER PROP. | $585,000 | |
| Listed by WINDERMERE R.E. TOWER PROP. | |||
| Apr 8, 2020 | No longer available | - | |
| No longer available | |||
| Feb 12, 2020 | Listed | $609,000 | |
| Listed | |||
| | |||
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You won't want to miss this charming single story ranch home located in the beautiful tree lined street area called Victoria Woods. This is a "Leave it to Beaver" type of neighborhood with a home with many amenities: a remodeled kitchen,large family room with bookcases, spacious living room and dining room with a built in hutch to name a few. The 5th bedroom is perfect for a mother in law or Nanny quarters with a separate entrance for privacy.This spacious corner lot has several garden areas with fruit trees and mature shade trees. A raised deck in the rear yard is a tranquil setting for reading a book or entertaining. This property is equipped with a paid solar system to reduce electrical costs too! Additional features include Garden window, stained glass,garden storage area, fireplace and amser bedroom with a large picture window. This location is close to Magnolia Center, Victoria Country Club and the University. Contact Collette Lee at 951-961 3667 The manager has listed the unit size as 2950 square feet.
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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 Victoria
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Listed by: COLLETTE LEE, WINDERMERE R.E. TOWER PROP.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV20136876
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV20136876
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