$862,000
●
House -
Off Market
1567 San Pablo Dr
San Marcos, CA 92078
3 Beds
2 Baths
1,682 Ft²
$1,109,100
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Completely renovated in Lake San Marcos with stunning lake and
serene park views. Just upgraded inside & out, this immaculate home
offers an open concept floor plan that is ideal for entertaining.
Brand new kitchen, with waterfall quartz countertops, new luxury
wide plank vinyl flooring throughout the entire home, large
bedrooms, over sized garage, new landscaping, rain gutters, just
painted inside and out, new dual pane windows, new stainless
appliances, new master bath & guest bathroom! Live like
you're on vacation in Lake San Marcos this home includes amenities
through the Lake and Lodge. Located on Mall 4 and just a short
stroll to the community pool, The Decoy & Dockside Restaurant/Bar,
The Grill at St Marks, amenities include- two heated pools, tennis
courts, pickle ball, paddle boards/kayak rentals, billiards, gym,
and a discount at the Lake House Hotel. Close to restaurants,
shopping, San Marcos High, Discovery Elementary, & San Elijo
Middle. A great value and the best buy in Lake San Marcos!.
Neighborhoods: Lake San Marcos Equipment: Range/Oven
Other Fees: 0 Sewer: Sewer Connected Topography: LL
Unit Size
1,682 Ft²
Days on Market
25 days
Land Size
0.14 acres
Price per sqft
$476
Property Type
House
Property Taxes
-
HOA Dues
$166
Year Built
1969
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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 #200029500)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2020 | Sold | ||
| Sold | |||
| Jun 24, 2020 | Listed by Douglas Elliman of California | $799,900 | |
| Listed by Douglas Elliman of California | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Lake San Marcos
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Listed by: Michael Garner, Douglas Elliman of California
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200029500
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200029500
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