1
Map
$454,000
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House -
Off Market
8461 Melrose Lane
El Cajon, CA 92021
4 Beds
2 Baths
1,870 Ft²
$867,073
RealtyHop Estimate
86.87%
Since Jan 1, 2015
National-US
Primary Model
About This Property
High A Top El Cajon sitting almost at the Top... Privacy, Extra
Large Lot (See Pictures), Total Remolded 2012 (Really Nice), 3 Car
Gar, Parking 4 RV & Boat ?? Spacious Open 4BR, 2BA,
FamilyRm/BonusRm/EnclosedPatio, Newer Cabinets & Granite Kitchen &
Bathrooms. 4th BR has no window & used as Office,
SQFT=Assessor's=1470+Large Bonus Room=400. Move Right in....
Buyer(s) & Buyer(s) Broker to satisfy selves of all above
information. Neighborhoods: Casa Del Sol Equipment: Garage Door
Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected
Topography: LL,GSL
Unit Size
1,870 Ft²
Days on Market
38 days
Land Size
0.23 acres
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978
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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 #140060560)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2014 | Sold | ||
| Sold | |||
| Nov 8, 2014 | Listed by RE/MAX Connections | $464,000 | |
| Listed by RE/MAX Connections | |||
| Oct 31, 2012 | Sold | ||
| Sold | |||
| Jul 6, 2012 | Listed by Maxim Properties | $389,900 | |
| Listed by Maxim Properties | |||
| | |||
|
This spacious 4 bed 2 ba is move in ready. It is located in a quiet neighborhood with a nice view of the east county hills. The open kitchen has new cabs with beautiful granite counters. The master has a remodeled bath and has a walk in closet;the common bath has been remodeled witl new tile tub surround and flooring. The entire home has been painted inside and out,with new carpet and tile flooring throughout. There is a large bonus room that leads out to the backyard with new sod and a built in Jacuzzi. Other Fees: 0 Sewer: Sewer Connected Topography: LL
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Winter Gardens
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Listed by: Calvin Goad, RE/MAX Connections
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140060560
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140060560
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