Welcome to 717 Balsam Way, a beautifully maintained single-story
home nestled in the gated Laurel Park community in Hemet-an
all-ages neighborhood offering resort-style amenities and
convenient access to shopping, recreation, and entertainment. This
thoughtfully designed home features 2 bedrooms and 2 bathrooms with
1,217 square feet of living space, including a spacious primary
suite and a private junior suite, making it ideal for guests,
extended family, or a home office. The home sits on a 4,792 square
foot lot with attractive curb appeal highlighted by a wide
driveway, mature shade tree, and easy-care landscaping. Inside, the
open floor plan creates a bright and welcoming atmosphere. The
entry opens to a light-filled family room with soaring ceilings and
a tile fireplace with wood mantle. The living space flows
seamlessly into the dining area with sliding glass doors leading to
the backyard. The eat-in kitchen offers ample cabinetry, tile
countertops, and a water filtration system under the sink. The
spacious primary suite features vaulted ceilings, an upgraded
ceiling fan, and a walk-in closet. The ensuite bathroom includes
dual sinks, a soaking tub, and a separate walk-in shower. Down the
hall is a generously sized junior suite with its own walk-in
closet. Additional interior highlights include designer two-tone
paint, Berber carpet flooring, custom window treatments, and an
indoor laundry room with built-in cabinetry. Step outside to a
spacious backyard with mature fruit trees, offering a wonderful
opportunity to design your own outdoor retreat. Laurel Park
residents enjoy gated security and community amenities including a
pool, spa, clubhouse, and onsite RV parking available for
approximately $25 per month. The location provides convenient
access to shopping, dining, and entertainment including Soboba
Casino Resort just minutes away. Outdoor enthusiasts will
appreciate nearby Diamond Valley Lake Recreation Area. The home is
also about 45 minutes to Palm Springs and approximately one hour to
Desert Hills Premium Outlets.
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.
Check out this great home in a secure gated, non-age restricted community right in the heart of Hemet close to shopping and Mary Henly park. Located on a quiet cul de sac within walking distance to the pool and clubhouse, this home features a tiled entry int a great room with soaring vaulted ceilings, a cozy gas fireplace and warm berber carpeting. There is a dining area off the great room or you could choose to eat in the breakfast nook just off the kitchen. The kitchen features ample cabinets, a new microwave, and tiled counters and the frig is included. Just off the kitchen is a laundry room with cabinets for storage and washer and dryer included as well. There are actually 2 master suites both with walk in closets and adjacent baths. The smaller of the two at the front of the house is adjacent to a bath with a tub shower combo and single sink. The larger at the back of the house is adjacent to a bath with a separate tub and walk in shower and double sinks. The back yard has block wall fencing and is secure for a pet or children. The clubhouse is just down the road on the same street and features a pool for those hot summer days right around the corner and the association fee is $118/month. The interior has just been completely painted. There is also gated RV parking in this community for $28/month if needed. Mary Hely Park is a short drive away and a great place for kids or dogs to run or for morning walks or family picnics. The manager has listed the unit size as 1217 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Direct Access, Driveway, Garage Faces Front, Garage, Garage Door Opener, See Remarks, DoorMulti, DoorSingle
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Walk-In Closet(s), CeramicCounters, Unfurnished, AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary, MultiplePrimarySuites
Appliances: Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
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