$660,000
●
Condo -
Off Market
8850 Olive Ln #17
Santee, CA 92071
3 Beds
3 Baths
1,302 Ft²
$3,482
Est. Monthly
$290
HOA / Fees
6.48%
Cap Rate
About This Property
Discover the charm of Montivo in Santee! This chic townhome, built
in 2019, blends contemporary living with unbeatable convenience.
This home boasts owned solar, 3 spacious bedrooms, and 3 full
bathrooms, all within the 1,302 square feet of beautifully designed
space. The interiors shine with quartz countertops, stylish shaker
cabinets, and a versatile loft area ideal for a home office, media
room, or play area. The primary bathroom features dual vanities and
dual closets for added luxury. You'll love the oversized
attached garage with direct access, providing plenty of room for
parking and storage.
Unit Size
1,302 Ft²
Days on Market
27 days
Land Size
-
Price per sqft
$499
Property Type
Condo
Property Taxes
-
HOA Dues
$290
Year Built
2019
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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: 3 years ago (CRMLS #240016631SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Jul 18, 2024 | Listed by eXp Realty of California, Inc. | $650,000 | |
| Listed by eXp Realty of California, Inc. | |||
| May 10, 2024 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | Listed by Compass | $699,900 | |
| Listed by Compass | |||
| | |||
|
Welcome to Montivo in Santee! This Newer Construction Townhome, built in 2019, offers modern comfort and style. Located just steps to Santee Town Center, featuring major retailers like Target, Costco and Home Depot, as well as multiple amazing restaurants. This home features Owned Solar, 3 bedrooms/3 Full bathrooms, spread across 1302 square feet of living space. The interior boasts sleek quartz counters throughout, shaker cabinets, and a convenient bonus Loft Space for an Office, TV Viewing, or play area. The Primary bath includes dual vanity and dual closet. The oversized attached, direct access garage provides ample parking and storage space. Complex even features a play structure for the little ones! Don't miss out on this fantastic opportunity to call 8850 Olive Lane home! VA APPROVED! The manager has listed the unit size as 1302 square feet.
| |||
| Apr 12, 2019 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 2
Garage Spaces: 2
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Levels: ThreeOrMore
Interior Features: Recessed Lighting
Living Area Square Feet Source: Assessor
Laundry Features: Gas Dryer Hookup
Exterior Details
Year Built: 2019
Parcel Number: 3843300817
Home Type: Residential
Roof: CommonRoof
Construction Materials: Stucco
Pool Features: None
Lot Size Source: Assessor
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
Association Amenities: Barbecue, Playground
Association Fee: $290
Association Fee Frequency: Monthly
Subdivision: Santee
Subdivision Name: Santee
Directions: Cross Street: Mission Gorge Rd.
Other Details
Listing Terms: Cash, Conventional
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/03/2024
|
3 Bed
|
3 Bath
|
1302 ft²
|
$699,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Jeff Hinds
Compass
| |
|
05/17/2024
|
4 Bed
|
3 Bath
|
1302 ft²
|
$649,000
4 Bed
3 Bath
1302 ft²
|
$660,000
+1.69%
07/24/2024
|
Justin Shokoor
eXp Realty of California Inc
| |
|
01/05/2023
|
3 Bed
|
3 Bath
|
1302 ft²
|
$619,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Gregg Phillipson
Keller Williams Realty
| |
|
11/12/2021
|
3 Bed
|
3 Bath
|
1302 ft²
|
$599,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Shaun Mcdonald
Redfin Corporation
| |
|
11/11/2021
|
3 Bed
|
3 Bath
|
1302 ft²
|
$549,900
3 Bed
3 Bath
1302 ft²
|
$578,000
+5.11%
01/07/2022
|
Bradley Ihms
eXp Realty of California Inc
| |
|
01/01/2019
|
4 Bed
|
3 Bath
|
1306 ft²
|
$487,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
04/12/2019
|
3 Bed
|
3 Bath
|
1306 ft²
|
$469,990
3 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
03/01/2019
|
3 Bed
|
3 Bath
|
1306 ft²
|
$484,990
3 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
09/07/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
08/17/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
01/04/2019
|
4 Bed
|
3 Bath
|
1306 ft²
|
$478,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
10/05/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$459,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
07/20/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
07/06/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$483,355
+1.76%
05/14/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
05/09/2018
| |
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$476,000
+0.21%
04/12/2019
|
Catherine Nicholas
|
|
05/09/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
04/02/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$475,840
+0.18%
04/12/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
04/02/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$464,990
4 Bed
3 Bath
1306 ft²
|
$468,175
+0.68%
04/12/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
09/27/2017
|
4 Bed
|
3 Bath
|
1298 ft²
|
$466,990
4 Bed
3 Bath
1298 ft²
|
$469,990
+0.64%
05/03/2019
|
Catherine Nicholas
CADO Real Estate Group
|
Building Info
About Santee
Similar Homes for Sale
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Listed by: Michael Proctor, eXp Realty of California, Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240016631SD
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240016631SD
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