$290,000
●
House -
Off Market
602 Northwood Drive
Merced, CA 95348
4 Beds
2 Baths
1,981 Ft²
$417,883
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
Prime location with a pool!! This adorable 4 bedroom, 2 bath
home is located right in the heart of Merced, just minutes away
from shopping, downtown and our local colleges! The home
features a separate living and family room with cozy fireplace,
formal dining space and modern, recently updated in 2018 kitchen
with new stainless appliances and quartz counters! Bedrooms
are spacious and there is lots of storage throughout the home and
in the attached two car garage. The home also has a newer
roof and newer windows. The backyard, oh the backyard!!...offers
your own private oasis with covered patio, outdoor bar and gas
barbecue, sparkling crystal blue pool with removable fence and pool
house for storage with electrical. This backyard is the
entertainer's dream!
Unit Size
1,981 Ft²
Days on Market
35 days
Land Size
0.23 acres
Price per sqft
$144
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1971
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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 #MC19155502)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2019 | Sold | ||
| Sold | |||
| Jul 12, 2019 | Listed by London Properties Ltd, Atwater | $285,000 | |
| Listed by London Properties Ltd, Atwater | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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HOA + Taxes
About Merced
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Listed by: Larissa Sherman, London Properties Ltd, Atwater
Last Updated: 4 months ago
Data Source: CRMLS, MLS# MC19155502
Last Updated: 4 months ago
Data Source: CRMLS, MLS# MC19155502
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