$179,000
●
House -
Off Market
679 Mormon Springs Road
Crestline, CA 92325
2 Beds
2 Baths
686 Ft²
$279,856
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
TWO on a lot ! Updated and remodeled, both each have one bedroom
and one bathroom. These are super cute and cozy cabins in
Crestline, very commuter-friendly. Live in one and rent out
the other, or your family member/friend can live separately, the
possibilities are numerous! The upper, larger house has a
laundry area/space under the house, protected from the elements.
New windows, new flooring, new kitchens and bathrooms and
more. Lots of trees and nature all around you, enjoy living in the
mountains, where it's a little bit cooler!
Unit Size
686 Ft²
Days on Market
45 days
Land Size
0.09 acres
Price per sqft
$270
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1946
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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 #IG18180569)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Oct 7, 2023 | In contract | - | |
| In contract | |||
| Sep 9, 2023 | Price Decreased |
$311,500
↓ $18K
(5.3%) | |
| Price Decreased | |||
| Jul 30, 2023 | Listed by First Team Real Estate | $329,000 | |
| Listed by First Team Real Estate | |||
| | |||
|
TWO on a lot! Each unit with one bedroom and one bathroom. The upper home is approx 406 sf and has a laundry area/space underneath in the buildup. The lower home is approx 280 sf. Both were upgraded in 2018 with new windows, flooring, kitchens, bathrooms and more. Super commuter-friendly! Great as an investment property, or you could live in one and rent out the other. Don't miss the opportunity to own this COZY MOUNTAIN property! (Please note: Some of the photos shown are from either 2018 or the lower unit in 2022). Fully rented, do not disturb occupants. Drive by only. The manager has listed the unit size as 686 square feet.
| |||
| Sep 15, 2018 | No longer available | - | |
| No longer available | |||
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Property Highlights
Fireplace
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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 Crestline
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Listed by: Angela Brown, First Team Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG18180569
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG18180569
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