$829,500
●
House -
Off Market
297 Hanover Drive
Costa Mesa, CA 92626
3 Beds
3 Baths
1,682 Ft²
$1,244,202
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Great expanded College Park home, "The Lido" model. Open floor plan
with big kitchen with lots of cupboards, recessed lights, vaulted
ceilings and breakfast bar. Enclosed breezeway makes space for a
family room with dual fireplace. Large living room has see through
fireplace, opens to dining room area and has French doors leading
out to private back yard. Home has been expanded adding a big
walk-in closet in master bedroom and large master bathroom with
separate shower and tub, double sink big vanity and door to back
yard. Home has many upgrades: Newer furnace, ducting and central
air conditioning, dual pane windows, ceilings fans, skylights with
remote to open for air or close the shade, smooth ceilings, solar
tube and more. Outdoor upgrades: Retractable Awning for patio,
planter boxes, gutters, lots of yard drains, expanded driveway with
brick accent (room for 3 cars) and gated dog run. Replaced
electrical panel (200 amp), water re-pipe, roll-up garage door,
direct access to garage with insulated ceiling and beveled glass
front door. Great interior street. Seller to give credit towards
new flooring.
Unit Size
1,682 Ft²
Days on Market
16 days
Land Size
0.15 acres
Price per sqft
$505
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957
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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 #NP19257057)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2019 | Sold | ||
| Sold | |||
| Nov 2, 2019 | Listed by RE/MAX Fine Homes | $850,000 | |
| Listed by RE/MAX Fine Homes | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Costa Mesa
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Listed by: Linda Hartman, RE/MAX Fine Homes
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP19257057
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP19257057
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