7273 Grazing Lane
About This Property
Conveniently located within 10 minutes of UC Riverside, the prestigious Riverside STEM Academy-ranked No. 1 in California and No. 10 in the U.S.
This expansive single-family ranch home sits on a 12,000 sq. ft. lot and boasts breathtaking panoramic views of both the distant mountains and the immediate lush landscape. The property is adjacent to a scenic walking trail, where you can enjoy encounters with local wildlife and picturesque nature views. The house's location is ideal, being both at the foot of the mountains yet safely distanced from them, offering natural beauty and protection, including a river channel to prevent fire hazards.
The home itself is luxuriously spacious and bright, featuring an open layout with high ceilings and a practical design that allows for comfortable living. Originally designed with 7 rooms, the current layout offers 4 rooms, with the potential to easily add more with simple modifications. The property also features a flex room and a den, both of which could be converted into additional bedrooms, offering income potential or extra living space. Additionally, an auxiliary room with its own separate entrance, small kitchenette, walk-in closet, and private bathroom provides a fantastic opportunity for generating extra income or creating private guest accommodations.
In addition to its scenic beauty, this home is just 10 minutes from major highways, hospitals, schools, Walmart, and other supermarkets, and 10 to 15 minutes from Loma Linda University, offering the convenience of city life without sacrificing the peaceful environment. The value and charm of this property set it apart from other homes in the community, with its unique location and thoughtful interior design offering both a comfortable living experience and a wise investment opportunity.
Don't miss this exceptional home in the Spring Mountain Ranch community-a perfect blend of luxury, nature, and 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 |
|---|---|---|---|
| Oct 24, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
| Sep 16, 2024 | Listed by NEST REAL ESTATE | $869,900 | |
| Listed by NEST REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017