$2,035,000
●
House -
Off Market
1124 Highland Drive
Newport Beach, CA 92660
5 Beds
3 Baths,
1
Half Bath
2,623 Ft²
$2,829,993
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Situated near the end of an interior street, in the popular
Westcliff neighborhood of Dover Shores sits 1124 Highland Drive.
Nestled on an oversized 9,350 square foot lot, this home boasts a
favorable floor plan with four bedrooms on the first floor, three
and a half bathrooms, spacious living room, dining room, and an
upstairs bedroom with bathroom plus large bonus room. The home
features new carpet in all the bedrooms, hardwood flooring in entry
way and kitchen, and a recently painted interior and exterior. The
backyard has a generous sized pebble tec pool, spa, and multiple
sitting areas, perfect for entertaining friends and family. This
home is located near world class beaches, excellent dining,
shopping, and feeds to the award winning Mariners Elementary
School.
Unit Size
2,623 Ft²
Days on Market
37 days
Land Size
0.21 acres
Price per sqft
$754
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
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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: 5 months ago (CRMLS #NP20016350)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2020 | Sold | ||
| Sold | |||
| Jan 29, 2020 | Listed by Villa Real Estate | $1,979,000 | |
| Listed by Villa Real Estate | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Newport Beach
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Listed by: Timothy Carr, Villa Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP20016350
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP20016350
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