724 Brisbane Street
About This Property
Exceptional 1.14-Acre Property in Menlo Estate, West Hemet
Seize this rare opportunity to own a fully fenced, flat 1.14-acre parcel in the coveted Menlo Estate community. Enclosed by a block wall with an electric gate, this property offers both privacy and security. The spacious home has been thoughtfully upgraded throughout and features an open-concept floor plan, including a formal living room, dining room, and a modern kitchen with sleek cabinetry, stainless-steel appliances, and ceiling fans. French doors lead to the outdoors, flooding the interior with natural light. An inside laundry area with a spacious mudroom adds to the home's convenience.
The master bedroom boasts an en-suite bathroom with a walk-in shower, while both guest bedrooms are bright and inviting. The guest bathroom features a tub/shower combination. A generous bonus room, complete with a ¾ bath, is ideal for family gatherings or entertaining.
The property also includes several outbuildings, such as the historic egg house from the original 1920s egg ranch. You'll find mature fruit trees, a separate septic tank, and an RV hookup for added convenience. With ample space for a workshop, pool, or room to park all your toys, this property offers endless possibilities-don't miss this once-in-a-lifetime opportunity!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Dec 23, 2024 | No longer available | - | |
| No longer available | |||
| Nov 28, 2024 | Price Decreased |
$554,900
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Nov 10, 2024 | Relisted | $569,900 | |
| Relisted | |||
| Oct 29, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017