Listed by: Karen Crabtree, Berkshire Hathaway HomeService
$799,000
●
Condo -
Off Market
2098 Element Way
Chula Vista, CA 91915
3 Beds
4 Baths,
1
Half Bath
1,775 Ft²
$4,213
Est. Monthly
$289
HOA / Fees
6.18%
Cap Rate
About This Property
Discover this gorgeous detached condominium with a breathtaking
view extending all the way to Mexico. Enter through the first floor
to find a foyer adorned with marble tile, a bedroom with a full
bath, and a patio On the second floor you will find an
expansive living area with kitchen, dining, half bath, laundry
closet, living room and a spacious deck to enjoy that marvelous
view. The kitchen has quartz counter tops, beautiful
cabinetry, and a counter for informal eating. On the third
level you will find the primary bedroom with its ensuite bathroom
and another deck to enjoy the view, and a secondary bedroom with
its own private bath. Other features are plantation shutters,
Nest Thermostats for zoned heating and central air conditioning, LG
appliances (refrigerator, washer and dryer remain), tankless water
heater and attached 2-car garage. This marvelous home is
located in the desirable community of Millenia with numerous
advantages including parks, shopping, nearby mall, easy freeway
access and public transportation. Don't miss the opportunity
to make this excellent home your very own.
Unit Size
1,775 Ft²
Days on Market
31 days
Land Size
10.01 acres
Price per sqft
$450
Property Type
Condo
Property Taxes
-
HOA Dues
$289
Year Built
2018
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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: 3 years ago (CRMLS #PTP2404333)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 19, 2024 | Listed by Berkshire Hathaway HomeService | $799,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Garage
Air Conditioning
With View
Fireplace
Parking Details
Has Garage
Parking Features: Door Multi, Direct Access, Garage, Garage Door Opener, Garage Faces Rear
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Bedrooms on Main Level: 1
Full Bathrooms: 3
Half Bathrooms: 1
Bathrooms on Main Level: 1
Levels: ThreeOrMore
Interior Features: Ceiling Fans, Living Room Deck Attached, Recessed Lighting, Bedroomon Main Level, Entrance Foyer, Primary Suite, Walk In Closets
Appliances: Dishwasher, Gas Cooking, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Water To Refrigerator, Water Heater, Dryer, Washer
Flooring Type: Carpet, Laminate, Tile
Living Area Square Feet Source: Assessor
Laundry Features: Washer Hookup, Gas Dryer Hookup, Laundry Closet
None
Exterior Details
Property Condition: Turnkey
Year Built: 2018
Parcel Number: 6430630833
Home Type: Residential
Window Features: Double Pane Windows, Plantation Shutters
Outdoor Living Structures: Deck, Patio
Spa Features: Association
Pool Features: Association
Lot Information: Near Public Transit
Lot Size Source: Assessor
Lot Size Acres: 10.0104
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Forced Air, Natural Gas
Utilities: Electricity Connected
Location Details
Association Amenities: Picnic Area, Playground, Pool, Spa Hot Tub
Association Fee: $289
Association Fee Frequency: Monthly
Community Features: Curbs, Dog Park, Park, Storm Drains, Street Lights, Sidewalks, Urban
Security Features: Carbon Monoxide Detectors, Fire Sprinkler System, Smoke Detectors
High School District: Sweetwater Union
Directions: Eastlake Parkway to Strata (R), left on Observation, right on Element. Park at the end of the street and walk straight ahead to the unit.
Other Details
Listing Terms: Cash, Conventional, VALoan
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/19/2024
| |
3 Bed
|
4 Bath
|
1775 ft²
|
$799,000
3 Bed
4 Bath
1775 ft²
|
$799,000
08/19/2024
|
Karen Crabtree
Berkshire Hathaway HomeService
|
Building Info
About Otay Ranch
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Listed by: Karen Crabtree, Berkshire Hathaway HomeService
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PTP2404333
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PTP2404333
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