ActiveResidential · sale

6337 Amherst Way

Magalia, CA 95954

$450,000

  • 5 beds
  • 4 baths
  • 2,590 sq ft
  • 0.69 acres
  • Built 1992

Listed by Properkey · MLS #PV26126368

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6337 Amherst Way, Magalia, CA 95954 · MLS #PV26126368

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

At the back of this property is an independent guest house (or detached ADU) with its own address and concrete driveway at 14424 Wycliff Way consisting of 2 bedrooms, 2 baths, and attached 1 car garage.

Living spaces

This lot/parcel has the main home at 6337 Amherst Way with 3 bedrooms, 2 baths, and 2 car attached garage.

Year built

Built in 1992.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

For decent stick-built homes, current prices in Magalia are $200 to $300 plus per Square Foot. This lot/parcel has the main home at 6337 Amherst Way with 3 bedrooms, 2 baths, and 2 car attached garage. At the back of this property is an independent guest house (or detached ADU) with its own address and concrete driveway at 14424 Wycliff Way consisting of 2 bedrooms, 2 baths, and attached 1 car garage. The two independent buildings combined consists of 2590 SFT of living space with 5 beds, 4 bath, 3 car garage and two concrete driveways on 30,056 SFT lot. Ideal for two family setups! So, you get 2 solid stick-built homes with this purchase! You occupy and enjoy the main house and collect rents from the guest house to pay for your mortgage/expenses/utilities! And the great thing is the guest house is currently rented at $1540 per month and tenant (a disabled veteran) would like to continue and Nations's Finest pays half of that rent and tenant pays the other half. Another great feature is that you get to use the HOA facilities that include swimming pool, bar, community hall, and weekly activities! That is called life in the forest community with peace and tranquility. Activities abound with DeSable Lake, Paradise Lake, HOA Facilities, fishing a short distance away, horseback riding trail access, off-road vehicle paths within a mile, and the tranquil beauty of tall trees and natural surroundings on your private estate!! Such opportunities do not show up often, so hurry to see the beauty and make it yours!

THE NEIGHBORHOOD

Explore the location.

6337 Amherst Way, Magalia, CA 95954

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1992
Full baths
4
Garage spaces
3
Cooling
CentralAir
Heating
Central
Pool
No
Pool features
Community,InGround,Association
Zoning
R2
Parcel
064410023000
HOA
Paradise Pines Property Owners Association
HOA amenities
Clubhouse,Management,Pool
HOA fee frequency
Annually
HOA fee
$560.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,875.00
Cap rate

Annual operating income:

HOA: Includes $46.67 per month in HOA dues, converted from the $560.00 annual fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

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  2. Make a strong first impression.

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  3. Stay connected to your investment.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #PV26126368 · California Regional MLS

Listing brokerage: Properkey
Listing agent: Alexander Good

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.