$626,500
●
House -
Off Market
614 Fairway Drive
Redlands, CA 92373
3 Beds
2 Baths
2,000 Ft²
$951,694
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
This home is conveniently located just walking distance to
the Redlands Country Club Ana Mariposa Elementary. As you
enter this charming upgraded home, you are greeted by custom marble
medallion floor inlay and a modern lighting feature. The living
room features custom molding and seating bench to enjoy the
outside. The customer kitchen features backlit cabinet with
pullouts seamless Corian countertops and porcelain tiles. Bathrooms
are fully remodeled with beautiful granite vanities. All bedrooms
have custom crown molding with recessed reading lights and dimming
switches for a relaxed evening atmosphere. Vinyl dual-paned windows
are throughout the home. Backyard has been completely redesigned
after an extensive renovation- to resemble a park. Low-voltage LED
lighting creates an extensive nightscape which is excellent
complement to the 400 sqft outdoor patio with full sunshades, fans,
lighting, and surround sound. Mature fruit trees, including very
productive avocado, cherry, peach, plum, almond, and many others,
line the paths- used for biking and walking.
Unit Size
2,000 Ft²
Days on Market
54 days
Land Size
0.37 acres
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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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: 5 months ago (CRMLS #EV18130205)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 26, 2018 | Sold | ||
| Sold | |||
| Jun 2, 2018 | Listed by BHHS PERRIE MUNDY REALTY GROUP | $629,000 | |
| Listed by BHHS PERRIE MUNDY REALTY GROUP | |||
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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Baths
ft²
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HOA + Taxes
About South Redlands
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Listed by: PERRIE MUNDY, BHHS PERRIE MUNDY REALTY GROUP
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18130205
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18130205
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