$1,175,000
●
House -
Off Market
1050 Wotan Drive
Encinitas, CA 92024
4 Beds
3 Baths
2,364 Ft²
$1,910,392
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Fixer upper on one of the best streets in Encinitas. Prime
location! Tons of potential here but significant deferred
maintenance and updating needed. Bring your contractor and vision
for this gem in the rough. Enjoy nice ocean and sunset views from
the living room, kitchen, deck, and a great panoramic ocean view
from the huge upstairs master bedroom. Wotan Drive is a quiet,
ultra low traffic tree-lined street with a rural atmosphere yet
only a few miles to the beach and downtown Encinitas.
Neighborhoods: Encinitas Other Fees: 0 Sewer: Sewer Connected
Topography: GSL
Unit Size
2,364 Ft²
Days on Market
55 days
Land Size
0.19 acres
Price per sqft
$507
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970
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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 (SDMLS #170034427)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 24, 2020 | In contract | - | |
| In contract | |||
| Oct 25, 2019 | Price Decreased |
$2,595,000
↓ $79K
(3%) | |
| Price Decreased | |||
| Oct 8, 2019 | Listed | $2,674,000 | |
| Listed | |||
| | |||
|
Sweeping PANORAMIC Ocean Views from this completely reconstructed Craftsman style home. Located on a quaint street close to beaches, this 3200 sq. ft. home has 4 bedrooms including a private 620 sq ft auxiliary suite w/ kitchen, laundry, bedroom & A/C. Stunning remodel. The west facing private yard has 2 HUGE ocean view decks w/ La Cantina doors. Complete kitchen remodel w/ top of line appliances. Dedicated office, 2 car garage +5 parking spaces, surround sound, HUGE storage areas & grassy yard. Must see! The manager has listed the unit size as 3200 square feet.
| |||
| Sep 20, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Encinitas
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Listed by: Stephen Schuette, First Team Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170034427
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170034427
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