$1,000,000
●
House -
Off Market
1090 Balour Drive
Encinitas, CA 92024
3 Beds
3 Baths
1,400 Ft²
$1,317,706
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model
About This Property
You will absolutely fall in love with this quintessential Encinitas
beach bungalow. This home has been lovingly restored and updated by
the current owners. The garage was previously converted into a
separate casita which would be perfect for an in-law suite or to
supplement the mortgage. Kitchen and baths have been fully
remodeled, the roof and skylights were replaced in 2013 which
allows for wonderful natural light. Some of the charming original
features still remain- see supplmnt & upgrade doc attached
hardwood floors and wood burning brick fireplace to enjoy on
the cooler coastal days. 3 split unit AC systems for the few hot
summer days. The backyard is huge and perfect for entertaining,
with an in-ground, vinyl lined pool with upgraded equipment and an
energy efficient hybrid motor. Two large decks, freshly painted
exterior, large expanse of artificial turf for playing and large
shed for extra storage. See attached list for all updates and
upgrades along with a little history of this adorable home..
Neighborhoods: San Diego Equipment: Dryer, Range/Oven,
Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
Unit Size
1,400 Ft²
Days on Market
40 days
Land Size
0.21 acres
Price per sqft
$634
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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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 #190013851)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2019 | Sold | ||
| Sold | |||
| Mar 14, 2019 | Listed by Douglas Elliman of California | $888,000 | |
| Listed by Douglas Elliman of California | |||
| Jun 27, 2013 | Sold | ||
| Sold | |||
| Jun 26, 2012 | Listed by Coldwell Banker Res Brokerage | $550,000 | |
| Listed by Coldwell Banker Res Brokerage | |||
 | |||
|
Beach cottage offering a tropical paradise. Single story home features hardwood and sautillo tile flooring, updated kitchen with granite and remodeled baths. Master suite opens to a private and lushly landscpaed yard with mature palms and sparkling pool. Tons of potential. Minutes to Olde Encinitas, The Coaster, Shopping and Beaches!
| |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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HOA + Taxes
About Encinitas
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Listed by: Mary Aronoff, Douglas Elliman of California
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190013851
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190013851
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