$500,000
●
House -
Off Market
8289 Melrose Lane
El Cajon, CA 92021
3 Beds
2 Baths
1,390 Ft²
$783,369
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model
About This Property
VALUE RANGE $499,900-514,900. NEARLY ONE ACRE, 100% USABLE AND
FULLY FENCED! COUNTRY LIVING CLOSE TO THE CITY.PRIVACY AND
SECLUSION AT THE END OF A PRIVATE DRIVE.NEWER INTERIOR PAINT AND
A/C UNITS, UPGRADED KITCHEN, UPGRADED BATHS, STAMPED CONCRETE PATIO
AND PARTY AREA. LARGE PARCEL WITH PLENTY OF PARKING FOR CARS,
TRUCKS, RV'S, TRAILERS ETC. NEWER ASPHALT DRIVEWAY. PROPERTY TO THE
EAST IS ON THE LEFT SIDE OF PART OF THE PARCEL. NICE HOME ON AN
EXTRA-NICE SPREAD. PER TITLE, HORSES PERMITTED.
Neighborhoods: El Cajon Other Fees: 0 Sewer: Septic Installed
Topography: RSLP
Unit Size
1,390 Ft²
Days on Market
66 days
Land Size
-
Price per sqft
$370
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1990
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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: 5 months ago (SDMLS #180054807)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2018 | Sold | ||
| Sold | |||
| Sep 29, 2018 | Listed by Keller Williams Realty | $514,900 | |
| Listed by Keller Williams Realty | |||
| Dec 2, 2015 | Sold | ||
| Sold | |||
| Aug 22, 2015 | Listed by Keller Williams Realty | $465,000 | |
| Listed by Keller Williams Realty | |||
| | |||
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Your buyers will love this split level property as they watch the sunset from the upper level while a soft breeze blows across the land or as they look down at family and friends dance on the hand stamp patio flooring on the 2nd level. Room for horses, animals, trailers and toys. This lot is just under an acre which leaves plenty of room for the kids to run & play. The lot is in 3 levels and the home sits on the mid level. Lot is just under 1 acre 42,689 per assessors off. & lowest price in 92020 Neighborhoods: El Cajon Equipment: Dryer,Garage Door Opener, Range/Oven, Satellite Dish Other Fees: 0 Sewer: Septic Installed Topography: GSL
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Winter Gardens
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Listed by: Russell Walker, Keller Williams Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180054807
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 180054807
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