Listed by: Matt Whitcomb, Coldwell Banker Realty
$1,350,000
●
House -
Off Market
32 Balustrade Place
Lake Forest, CA 92610
3 Beds
3 Baths,
1
Half Bath
1,689 Ft²
$6,478
Est. Monthly
$104
HOA / Fees
4.16%
Cap Rate
About This Property
Foothill Ranch Dream Home – Panoramic Views, Incredible July 4th
Fireworks Shows, Cul-De-Sac Street, Nicely Updated & Move-In Ready!
Close to Shopping, Dining, and World-Class Employers!
This move-in-ready 3-bed / 2.5 bath home is nestled in the
heart of Foothill Ranch (Lake Forest). The charming front
porch invites you inside to soaring high ceilings and TONS of
natural sunlight. The spacious living & dining spaces are
perfect for entertaining friends and family. If cooking is
your passion, you will love the updated kitchen that features
stainless appliances, custom tile backsplash, and spectacular views
overlooking the sports fields and playground! Adjacent to the
kitchen is the casual family room with cozy fireplace and the
breakfast area with direct access to the outdoor patio. Also
located on the main floor is the half bathroom and direct access to
the 2-car garage. All bedrooms are located upstairs along
with the convenient laundry closet. Relax, unwind, and take
in the views in the spacious master suite with a spa-inspired
bathroom that features a custom tile shower, soaking tub, and large
walk-in closet. The outdoor patio is the perfect place to BBQ
while enjoying seasonal fireworks shows or the latest Vandenberg
rocket launches. For added shade, you have the convenient
retractable awning. Other great upgrades include AC & Heat,
closet organization, kitchen appliances, recessed lighting, new
carpet upstairs, solar system (financed), epoxy garage floor, and
EV outlet. The HOA is Foothill Ranch Homeowners Association
(lap pool, wader pool, spa, and clubhouse). Adjacent to this
property is Foothill Ranch Community Park. This incredible
park features sports fields, courts, a playground, and BBQ/picnic
area. Also nearby are the popular Whiting Ranch biking &
hiking trails and Etnies Skatepark. Foothill Ranch is a
highly coveted area of Lake Forest for those seeking an active
outdoor lifestyle, in a family-friendly community, while still
being just a short drive to Irvine or our local beaches. The
convenient 241 toll road allows for quick access between Irvine and
San Clemente.
Unit Size
1,689 Ft²
Days on Market
28 days
Land Size
0.07 acres
Price per sqft
$769
Property Type
House
Property Taxes
-
HOA Dues
$104
Year Built
1997
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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: 2 years ago (CRMLS #OC24099001)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | Listed by Coldwell Banker Realty | $1,298,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Garage
Fireplace
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
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Foothill Ranch
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Listed by: Matt Whitcomb, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24099001
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24099001
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