$363,000
●
House -
Off Market
8794 Gael Lane
Riverside, CA 92503
4 Beds
2 Baths,
1
Half Bath
1,540 Ft²
$538,461
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
This is a great opportunity in the gated community of Chaumont.
Featuring a spacious floor plan with 4 bedrooms (all upstairs), 2.5
baths and an attached two car garage. Upgrades include ceiling fans
in all bedrooms, ample use of ceramic tile floors, tile counters
and a second floor laundry area. The living room features a cozy
gas fireplace. The kitchen offers maple cabinetry and granite
counters. Large master suite includes walk-in closet, double vanity
and soaking tub. The low maintenance enclosed yard is ideal for
pets, barbecuing and alfresco dining. Community amenities include a
pool and spa, as well as a greenbelt area with a covered gazebo.
Home is located near CBU, parks, schools, shopping, restaurants and
the 91 Freeway. Truly a turnkey home that would make a perfect
starting point into home ownership
Unit Size
1,540 Ft²
Days on Market
42 days
Land Size
0.05 acres
Price per sqft
$237
Property Type
House
Property Taxes
-
HOA Dues
$155
Year Built
2006
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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 #IV19069523)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2022 | No longer available | - | |
| No longer available | |||
| Jul 30, 2022 | In contract | - | |
| In contract | |||
| Jul 9, 2022 | Price Decreased |
$534,900
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jun 1, 2022 | Listed by Coldwell Banker Blackstone | $539,900 | |
| Listed by Coldwell Banker Blackstone | |||
| | |||
|
In the gated community of Chaoumont, features a spacious two story home with an open floor plan. All four bedrooms are upstairs and 2 baths. Carpet and ceiling fans in all upstairs bedrooms. Laundry room is upstairs. Half bath downstairs. Kitchen has plenty of cabinets and granite counters with direct access to the two car garage. Gas fireplace in living room. Carpet on stairs. Large master suite that includes walk-in closet, double vanity and tub/shower combo. Low maintenance back yard. Home is located near, CBU, parks, shopping centers, restaurants, schools and the 91 freeway. Community amenities include a pool and spa and greenbelt area. The manager has listed the unit size as 1540 square feet.
| |||
| May 14, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
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Type
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ft²
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HOA + Taxes
About Presidential Park
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Listed by: LISA ANDRE, COLDWELL BANKER RES. BROKERAGE
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19069523
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19069523
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