1
Map
$579,900
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House -
Off Market
1559 Franceschi Drive
Chula Vista, CA 91913
3 Beds
2 Baths,
1
Half Bath
1,790 Ft²
$879,626
RealtyHop Estimate
51.69%
Since Apr 1, 2020
CA-San Diego
Primary Model
About This Property
You will love this beautiful 2 story home in the village of
Montecito in Otay Ranch.Home features large gourmet kitchen
island,upgraded quartz countertops,S/S appliances,luxury vinyl
plank flooring downstairs.Spacious master bedroom w/dual vanity
sink,separate soaking tub & shower, spacious walkin closet.Upgraded
plush carpet upstairs w/accommodating open loft.Epoxy garage
flooring upgrade,Private backyard w/stamped concrete & turf. Close
to school,community parks,shopping,dining & entertainment.
Neighborhoods: Otay Ranch Complex Features: ,,,,,,, Equipment: Fire
Sprinklers,Garage Door Opener Other Fees: 0 Sewer: Sewer
Connected Topography: LL
Unit Size
1,790 Ft²
Days on Market
32 days
Land Size
-
Price per sqft
$324
Property Type
House
Property Taxes
-
HOA Dues
$65
Year Built
2016
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Cap Rate Calculator
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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 #200007500)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jun 17, 2024 | Listed by Redfin Corporation | $800,000 | |
| Listed by Redfin Corporation | |||
| | |||
|
Gorgeous Montecito DETACHED single family home within the coveted Otay Ranch community. Residing in this home means you will enjoy a gourmet kitchen featuring white shaker cabinetry, quartz countertops, stainless steel appliances and a walk-in pantry. The ground level offers a flowing floor plan allowing the dining, kitchen, living room to flow seamlessly together with a half bath and direct access to the garage completing the offerings. Enjoy fresh paint throughout and an interior bathed in natural light. All bedrooms are upstairs accompanied by a laundry room and a loft perfect for a home office or cozy hangout space. Your private backyard includes patio covered by a pergola and turf. Home includes a leased solar system. Montecito offers its residents a fully-equipped fitness center, bocce ball, a sparkling pool and spa, a community fire pit, outdoor eating area with multiple gas BBQs, a whimsical playground, hiking trails and greenbelts for play. This is a must see!
| |||
| Mar 16, 2020 | Sold | ||
| Sold | |||
| Feb 13, 2020 | Listed by River Rock Investments, Inc. | $579,900 | |
| Listed by River Rock Investments, Inc. | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Otay Ranch
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Listed by: Simena Woo, River Rock Investments, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200007500
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200007500
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