$698,000
●
House -
Off Market
622 Gemstone Drive
San Marcos, CA 92078
4 Beds
2 Baths,
1
Half Bath
2,211 Ft²
$1,053,913
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
IMMACULATE & MOVE IN READY! Newer Construction decked out
with all the bells & whistles in the Terracina neighborhood. Highly
upgraded with designer touches including custom window coverings
throughout, stainless appliances, Euro quartz counter tops,
over-sized center island, and gorgeous Protec Breckenridge LVT
flooring downstairs. One of the largest lots in the development,
rear yard has been landscaped with easy care turf lawn including an
extra fun feature of your own putting green. Apple Home kit.
Complex is fully gated for privacy and security. Located only
minutes from Cal State San Marcos. Rancho Tesoro offer miles of
walking trails, 3 private parks, and "The Cabana" swimming pool,
playground, and BBQ area. Property is very close to shopping and
restaurants.. Neighborhoods: Terracina Rancho Tesoro Complex
Features: ,,,,, Equipment: Fire Sprinklers,Garage Door Opener,
Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography:
LL
Unit Size
2,211 Ft²
Days on Market
92 days
Land Size
-
Price per sqft
$326
Property Type
House
Property Taxes
-
HOA Dues
$208
Year Built
2018
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Cap Rate Calculator
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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: 12 months ago (SDMLS #190042658)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2019 | Sold | ||
| Sold | |||
| Aug 1, 2019 | Listed by Coldwell Banker Realty | $720,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Parking Available
Air Conditioning
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 San Marcos
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Listed by: Kyle Murphy, Coldwell Banker Realty
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 190042658
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 190042658
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