$450,000
●
Condo -
Off Market
4524 Melody Dr #C
Concord, CA 94521
2 Beds
2 Baths
899 Ft²
$2,710
Est. Monthly
$500
HOA / Fees
7.23%
Cap Rate
About This Property
Lovely single level corner unit with no one above you. Exceptional
2 bedroom with 2 full baths, single car private garage, plus one
additional dedicated parking space and inside washer and dryer.
Incredible open concept with beautiful high ceilings, functional
kitchen layout with lots of cabinets, stainless steel gas range and
newer built-in microwave & dishwasher. Spacious living room, cozy
fireplace and generous dining area. New central heat and A/C just a
few months old at a cost of apx. $17,500, per the owner. Features
all NEW interior paint & new bedroom carpets in January 2025. Great
location surrounded by mature redwoods and flowering trees.
Also features a large wrap around front patio, plus a second
private patio off the primary bedroom. Super easy access to Newhall
Park, featuring tons of trails, beautiful ponds, nice streams,
picnic areas, play structure, large grass areas and a wonderful dog
park. Also conveniently located near to shopping and lots of
restaurants.
Unit Size
899 Ft²
Days on Market
33 days
Land Size
99.00 acres
Price per sqft
$501
Property Type
Condo
Property Taxes
-
HOA Dues
$500
Year Built
-
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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: 2 years ago (CRMLS #41081764)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | Listed by Compass | $450,000 | |
| Listed by Compass | |||
| Jul 7, 2022 | No longer available | - | |
| No longer available | |||
| Jun 9, 2022 | No longer available | - | |
| No longer available | |||
| Jun 9, 2022 | Listed by eXp Realty of California | $485,000 | |
| Listed by eXp Realty of California | |||
| | |||
|
Monica Betancur - 510-685-1456 - SUMMER INCENTIVE! $5,000 buyer credit towards closing costs with accepted offer by 6/17. Move in Ready Condo w/ GARAGE in Newhall Village! Freshly painted throughout, this corner unit condo offers an open concept layout with vaulted ceilings, wood burning fireplace, laminate flooring, bright kitchen, stainless steel appliances, two full bathrooms and two patios (one with a storage closet). Other features include in unit washer and dryer, central heat and a/c, dual pane windows, mirrored closet doors and ceilings fans in all bedrooms. Spacious 1 car garage + 1 reserved parking space. SHORT WALK to coffee, restaurants, ACE Hardware and Newhall Park. Centrally located near a wide array of shopping, dining, schools, trails, multiple BART stations, multiple Downtowns, parks, Starbucks and more! Close to DVC AND CSU EAST BAY. FHA APPROVED PER HUD. Monthly HOA of $440 includes garbage, water, hazard insurance, exterior maintenance and community pool. The manager has listed the unit size as 899 square feet.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Garage, Garage Door Opener
Garage Spaces: 1
Garage Spaces: 1
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Levels: One
Flooring Type: Carpet, Laminate
Has Fireplace
Family Room
Exterior Details
Year Built: 1986
Parcel Number: 1337200214
Home Type: Residential
Roof: Shingle
Construction Materials: Vinyl Siding
Outdoor Living Structures: Patio
Pool Features: In Ground, Association
Lot Size Source: PublicRecords
Lot Size Acres: 99
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Location Details
Association Amenities: Maintenance Grounds, Pool, Trash, Water
Association Fee: $500
Association Fee Frequency: Monthly
Subdivision: NEWHALL VILLAGE
Subdivision Name: NEWHALL VILLAGE
Directions: Clayton to Wharton Way Cross Street: Wharton Way.
Other Details
Listing Terms: Cash, Conventional
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 |
|---|---|---|---|---|---|---|---|
|
01/22/2025
|
2 Bed
|
2 Bath
|
899 ft²
|
$450,000
2 Bed
2 Bath
899 ft²
|
$450,000
02/24/2025
|
Robert Moody
Compass
| |
|
05/05/2024
| |
2 Bed
|
2 Bath
|
899 ft²
|
$449,950
2 Bed
2 Bath
899 ft²
|
-
-
|
Hilary Jordan
Bayview Residential Brokerage
|
|
05/12/2022
|
2 Bed
|
2 Bath
|
899 ft²
|
$459,000
2 Bed
2 Bath
899 ft²
|
-
-
|
Monica Betancur
Keller Williams - Danville
| |
|
11/01/2020
|
2 Bed
|
2 Bath
|
934 ft²
|
$410,000
2 Bed
2 Bath
934 ft²
|
-
-
|
-
| |
|
07/17/2020
|
2 Bed
|
2 Bath
|
918 ft²
|
$385,000
2 Bed
2 Bath
918 ft²
|
-
-
|
-
| |
|
06/08/2019
|
2 Bed
|
2 Bath
|
918 ft²
|
$395,000
2 Bed
2 Bath
918 ft²
|
-
-
|
-
|
Building Info
About Concord
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Listed by: Robert Moody, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41081764
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41081764
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