262 Chapalita Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| May 2, 2025 | Listed by Compass | $2,000,000 | |
| Listed by Compass | |||
Property Highlights
Building Info
Overview
- Year Built: 1974
- Effective Year Built: 1974
- Building Count: 1
- Total Rooms: 6
- Bedroom Count: 3
- Bathroom Count: 2
- Full Bathrooms: 2
- Partial Bathrooms: 2
- Building Condition: 1
- Building Quality: 4
- Construction Type: 6
- Building Style: 3
- Exterior Walls Type: 12
- Interior Walls Type: 0
- Roof Shape Type: 0
- Roof Cover Type: 4
- Floor Count: 100
- Living Units: 1
- Floor Cover: 0
- Basement Type: 0
- Basement Area: 0
- Garage Type: 3
- Parking Space Count: 2
- Patio Type: 0
- Porch Type: 0
- Pool Type: 0
- Location Influence Type: 000
General
- Lot Size Square Feet: 6,400
- Total Building Area: 1,322
- Building Area: 1,322
- Building Area Measurement: L
Dimensions
- Fireplace Count: 1
- Air Conditioning: 0
- Heating: 4
- Heated Square Feet: 1,322
- Heating Fuel Type: 0
Heating and Cooling
- Sewer System: 1
- Water Service: 2
Utilities
Building
- Building Type: 0
- Property Class: R
- Subdivision: EMERALD CLASSIC
- Land Acres: 0000000147
- Standard Land Use Code: 1001
- County Land Use Code: 11
- Legal Description 1: LOT 88 TR 007286
Neighborhood
- School District Name: Encinitas Union Elementary School District
- School Tax School District: ENCINITAS CITY
- Census Tract: 017403
Zoning
- Zoning: R8
Geography
- Assessors Map Reference: 007286
- Subdivision Tract Number: 007286
- Parcel: 259-340-09-00
- Lot: 88
- Municipality: CITY OF ENCINITAS
- Latitude: 33.0424
- Longitude: -117.252
- Full Address: 262 Chapalita Dr
- Address - House Number: 262
- Address - Street Name: Chapalita
- Address - Suffix Type: Dr
- State: CA
- City Name: Encinitas
- Carrier Code: C029
- 4-Digit Zip Code: 4826
- Zip Code: 92024
Address
Valuation
- Tax Year: 2023
- Tax Amount: $978,970
- Tax Rate Code Area: 19-164
Tax
- Standard Deviation: 0.1864
- Valuation Date: Feb 07, 2024
- Confidence Score: 75
- Final Value: 1,273,111
- High Value: 1,510,504
- Low Value: 1,035,718
Appraisal Valuation
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Open Liens
- Assessed Year: 2023
- Assessed Total Value: $873,526
- Assessed Land Value: $504,398
- Assessed Improvements Value: $369,128
Assessments Valuation
- Current Sale Contract Date: Apr 24, 2014
- Current Sale Recording Date: May 30, 2014
- Current Sale Price:
- Current Sale Document Type: 36
- Current Sale Input Document Number: 2014-0221506
- Previous Sale Recording Date: Jun 01, 2009
- Previous Sale Contract Date: Jun 01, 2009
- Previous Sale Amount: $450,000
- Previous Sale Document Type: 36
Sales
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Last Sale Mortgage
- First Mortgage Financing Type: ADJ
Financing
262 Chapalita Drive
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Comparables
Status
Price/ft²
Listed On
Sold On
About Encinitas
Stats & Trends
Median Asking:
$1,999,000Sale Price/ft²
$1,009Below Asking
0.01%Average Days on Market
55Average Home Size
2394 ft²Average Home Age
40.5 yearsCurrently For Sale
124 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2503678
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017