$359,000
●
House -
Off Market
845 Mesa Drive
Arroyo Grande, CA 93420
2 Beds
2 Baths
950 Ft²
$544,849
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model
About This Property
Instant Equity! Drastic Price Drop just in time for you!! It gets
no better than this!! This your chance at a awesome home in one of
the most desirable locations within the Five Cities area. This
charming two bedroom, two bath, single level twin home is located
in a popular age-restricted (55 plus) community in Arroyo Grande.
It features a covered patio, dual pane windows, a spacious attached
two-car garage with ample storage cabinets, laundry hook ups, new
exterior paint, newer carpeting and interior paint, brand new
furnace and a new dishwasher. You can relax in a tranquil, private
back yard. Situated in one of the quietest and friendliest
neighborhoods around. Close to the Historic Village of Arroyo
Grande. Low to no maintenance yard. No HOA Fees! Family
illness makes for a motivated seller, so this house is listed below
market. One year home warranty included! This is your new home!
Take advantage of this opportunity today.
Unit Size
950 Ft²
Days on Market
106 days
Land Size
0.08 acres
Price per sqft
$378
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1976
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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 (CRMLS #PI18174819)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2018 | Sold | ||
| Sold | |||
| Jul 19, 2018 | Listed by Miramar International Inc. | $359,000 | |
| Listed by Miramar International Inc. | |||
| May 8, 2018 | Sold | ||
| Sold | |||
| Mar 10, 2018 | Listed by The Harley Group | $360,000 | |
| Listed by The Harley Group | |||
| | |||
|
Charming, affordable two bedroom, two bath, single level twin home is located in a popular age-restricted (55 plus) community in Arroyo Grande. It features a covered patio, dual pane windows, an attached two-car garage with laundry hook ups, newer carpeting and interior paint, and a brand new dishwasher. You can relax in the tranquil, private back yard. The refrigerator and washer/dryer are included. Stop paying rent, and call your realtor today!
| |||
| Sep 20, 2017 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Arroyo Grande
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Listed by: Richard Aubery, Miramar International Inc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PI18174819
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PI18174819
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