$575,000
●
House -
Off Market
8232 Melrose Ln
El Cajon, CA 92021
3 Beds
2 Baths
1,977 Ft²
$926,403
RealtyHop Estimate
57.04%
Since Nov 1, 2019
CA-San Diego
Primary Model
About This Property
Welcome to your move-in ready single story home offering 3
bedrooms, 2 baths. The open concept allows for a smooth flow
through your living room & separate bonus family room which offers
tons of natural sunlight. Large kitchen connected to an
entertainers dining room features wood cabinets and quartz counter
tops. Enjoy making memories in your large backyard that features
mature citrus trees and plenty of room for all your toys. Detached
2 car garage and potential space for RV parking. MUST SEE!
Neighborhoods: El Cajon Equipment: Range/Oven Other Fees: 0
Sewer: Sewer Connected Topography: LL
Unit Size
1,977 Ft²
Days on Market
46 days
Land Size
0.25 acres
Price per sqft
$298
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965
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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 (SDMLS #190048399)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2019 | Sold | ||
| Sold | |||
| Aug 30, 2019 | Listed by Esquire Realty | $589,900 | |
| Listed by Esquire Realty | |||
| Jan 15, 2016 | Sold | ||
| Sold | |||
| Nov 25, 2015 | Listed by Keller Williams La Jolla | $540,000 | |
| Listed by Keller Williams La Jolla | |||
 | |||
|
WOW!!! This Home Is Spectacular. This bright, spacious single story home on more than a quarter acre lot awaits you and your family. Ready to move in immediately, Seller spared no cost on the renovation with an Open floor plan, large kitchen connected to an entertainers dining room. Wood Cabinet, quartz counter tops, upgraded bathrooms. Two car detached garage, Large back yard, Mature Citrus trees, room for all your toys. Close to shopping, interstates and great schools. Hurry before this one is gone! Neighborhoods: El Cajon Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
| |||
Property Highlights
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 Winter Gardens
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Listed by: Heidi Cafarella, Esquire Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190048399
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190048399
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