1
Map
$374,900
●
House -
Off Market
8534 Melosa Way
Riverside, CA 92504
3 Beds
2 Baths,
1
Half Bath
1,494 Ft²
$542,368
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
3 bedroom, 2 1/2 bath property in the gated community of Village
Park. Open concept floor plan with formal living room, dining room,
and breakfast nook. Kitchen offers newer appliances and granite
counter tops. Laminate floors throughout, backyard with plenty of
room for private barbecue. Updated bathrooms and linen storage.
Convenient to casual and fine dining, boutique retail shops, nearby
park, University and easy access to the 91 freeway.
Unit Size
1,494 Ft²
Days on Market
69 days
Land Size
0.10 acres
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
$155
Year Built
2000
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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 (CRMLS #IG19141777)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2019 | Sold | ||
| Sold | |||
| Jun 21, 2019 | Listed by Active Realty | $369,900 | |
| Listed by Active Realty | |||
| Jun 13, 2019 | No longer available | - | |
| No longer available | |||
| May 10, 2019 | Price Decreased |
$399,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| May 2, 2019 | Listed | $419,000 | |
| Listed | |||
| | |||
|
Beautiful completely remodeled 3 bedroom home 2 1/2 Bathrooms in a great gated community . Downstairs you will enjoy a formal living room, dining room breakfast area in kitchen and 1/2 bath. Upstairs there are 3 bedrooms and two baths. Kitchen features new stainless steel appliances along with granite counter-tops, New Interior and exterior paint, Beautiful new laminate flooring. The property is conveniently located close to Schools, Shopping Centers, Parks, Tyler Galleria, Hospitals, Cal Baptist University, Freeway access and much more. The gated community offers playground and BBQ areas. Ready to move in The manager has listed the unit size as 1494 square feet.
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Presidential Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Justin Tye, Active Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG19141777
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG19141777
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