$1,822,000
●
House -
Off Market
487 Neptune Ave.
Encinitas, CA 92024
4 Beds
4 Baths
1,643 Ft²
$2,670,852
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
Live an envied lifestyle! Stroll to coffee shops, Moonlight Beach
summer concerts, yoga studios, shops & highly-rated local dining &
bars. Surf world-class waves, unwind with sunset beach walks, come
home to your EXQUISITE SINGLE-STORY work of art. Gorgeous &
efficiently designed, stunning exotic woods showcased throughout.
Updated w/ no stone left unturned incl: insulation, sewer line,
plumbing, heating, electrical & more. Need extra $? 2nd 1 BD/BA
unit in back. Live the dream! You deserve it! No HOA!
Neighborhoods: West of 101 Equipment: Dryer, Range/Oven,
Shed(s), Washer, Water Filtration Other Fees: 0 Sewer: Sewer
Connected Topography: LL
Unit Size
1,643 Ft²
Days on Market
61 days
Land Size
0.09 acres
Price per sqft
$1,108
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1971
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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: 4 months ago (SDMLS #190029980)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2021 | No longer available | - | |
| No longer available | |||
| Oct 13, 2021 | In contract | - | |
| In contract | |||
| Oct 3, 2021 | Price Decreased |
$2,799,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| Sep 23, 2021 | Listed by Keller Williams Realty | $2,899,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
Wonderful single story exquisitely designed for beach living. Open floorplan and warm woods showcased throughout the house. Vaulted ceilings grace the interior living area creating an open airy feel. Well appointed kitchen with custom cabinetry and an island opens to dining and living areas. Nicely remodeled full 3 baths with 3 bedrooms in main house. Stroll to stonesteps or beacons beach to enjoy sunset walk. Enjoy Ocean breeze from front yard patio. Outdoor hot water shower for after beach. Walk to shops, bars, yoga restaurants. Want extra income? detached 1BR/1BA casita with kitchen. Premium beach property in a premium neighborhood. Show and sell The manager has listed the unit size as 1603 square feet.
| |||
| Jul 31, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Encinitas
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Listed by: Barbara Westlake, First Team Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190029980
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190029980
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