38 Drakes Bay Drive

Local assessors in Corona Del Mar, CA have categorized 38 Drakes Bay Drive as a residential type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 12,403 square feet. The linear feet between the front and back of the lot was measured at 1,570 ft and the front of the lot was measured at 780 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 38 Drakes Bay Drive has a total of 3,182 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 638 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 38 Drakes Bay Drive was last sold in Jul 19, 2017 for $2,175,000. According to our calculations, that's $683.53 per sqft. Current property owners are expected to pay $24,638 in taxes per year. The property on 38 Drakes Bay Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,378,679. To break that down further, the land itself was valued at $2,108,596. While improvements to the property were assessed at a total of $270,083. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.