The Highland Reserve Neighborhood is one of the most sought after neighborhoods in Roseville. Largely due to the central location, easy access to amenities like the Galleria Mall, grocery stores, restaurants and freeway and (most important of all) top rated schools, the neighborhood (about 1800 homes) brings in approximately 90 new homeowners each year. It's also a hotspot for rental properties.
The lower-medium average price point and family demographics of the neighborhood also brings a lot of interest from investors that are looking for a stable rental environment. Some quick stats regarding neighborhood demographics provided by third party sources:
|Population: 119,537||Household Income: $74,579||Less than HS: 6%|
|People/Sq Mi: 3,298||Per Capita Income: $33,344||High School: 19%|
|Male/Female: 48% / 52%||Pct. Working: 46%||Some College: 28%|
|Median Age: 37||Working Same County: 56%||Associates: 11%|
|0-18/18-64/65+: 26% / 60% / 14%||Average Commute: 25.9 min||Bachelors: 24%|
|Single/Married: 34% / 45%||Use Alt Transport: 21%||Masters: 7%|
|Foreign Born: 13%||Doctorate: 4%|
(Data provided from a private source and has not been verified as accurate. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.)
It's no wonder 448 Crestfield has been such a successful rental property.
iRent Property Management - a locally owned and operated management company that serves single family, multifamily and commercial properties- reported that over XXXXXXX applications were turned in after the XXXXXXX day of advertising this home as available to rent.
The current tenant has a lease that is due to renew or expire on 4/1/2017 and is currently paying $XXXXX per month, which is just about the market value for this size home in Highland Reserve.
To contact iRent Property Management, visit their website at iRentNorcal.com
The resale market is strong in Highland Reserve.
A home of the same exact square footage and similar features sold for $405,000 in Summer of 2016. Another home of the same model (and a few less desirable updates) is currently pending sale for $389,000. See some of the prices for similar homes in the neighborhood below
|Address||Status Date||Square Feet||Price|
|29 Castle Hill Ct||01/10/17||1564||$389,900|
|467 Bridgeford Dr||01/03/17||1557||$382,000|
|29 Springwood Ct||12/30/16||1537||$374,500|
|10 Treecrest Ct||12/22/16||1677||$382,000|
|125 Bridgeway Ct||10/19/16||1465||$379,000|
|38 Buckingham Ct||10/11/16||1818||$406,000|
|49 Norfolk Ct||09/06/16||1564||$405,000|
|699 Cordovan Dr||09/06/16||1708||$415,000|
|43 Kingsbury Ct||08/24/16||1818||$405,000|
|22 Braxton Ct||08/23/16||1687||$396,000|
|601 Tamarindo Way||08/15/16||1677||$387,500|
|18 Naciemiento Ct||07/18/16||1546||$379,000|
|13 Castle Hill Ct||07/08/16||1818||$400,000|
|240 Bettencourt Dr||06/22/16||1741||$418,000|
|32 Norfolk Ct||06/20/16||1818||$430,000|
|132 Arabian Way||06/10/16||1764||$417,000|
|489 Sutherland Ranch Ln||06/09/16||1761||$400,000|
|133 Halley Glen Dr||06/06/16||1741||$413,000|
|19 Westminister Ct||05/24/16||1818||$425,000|
|217 Morgan Way||05/04/16||1764||$415,000|
|181 Andalusian Way||04/27/16||1764||$420,000|
|281 Warm Springs Drive||04/18/16||1741||$395,000|
|674 Bridgeford Dr||04/11/16||1557||$375,000|
|613 Shelby Ranch Ln||04/06/16||1526||$375,000|