1
Map
$1,285,000
●
Condo -
Off Market
609 5 Iris Avenue
Corona Del Mar, CA 92625
3 Beds
2 Baths
1,528 Ft²
$2,066,609
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model
About This Property
WOW! This pinnacle, private upper unit is nestled on an elevated
lot. Feels like living in a luxury penthouse! This home has been
remodeled with the most current design elements. Off of the large
family room with an immense 'heat-generating' fireplace lies two
stacks of French doors that open onto the front patio. Perfect for
indoor-outdoor entertaining, the patio too, overlooks the Corona
del Mar Village and Spyglass Hill. Kitchen has granite counters;
stainless steel appliances; and breakfast bar. The large dining
room is highlighted with a glass wall letting in tons of light. The
flowing floor plan boasts wood floors throughout and carpet in the
three bedrooms that are all large in size! Off the master is an
enormous 400 sq ft private deck for more outdoor entertaining
space. Other features include surround sound; crown molding; custom
paint and custom wallpaper. Premiere location, close to all the
restaurants, shops and beaches.
Unit Size
1,528 Ft²
Days on Market
42 days
Land Size
0.08 acres
Price per sqft
$837
Property Type
Condo
Property Taxes
-
HOA Dues
-
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: 5 months ago (CRMLS #NP17070953)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2017 | Sold | ||
| Sold | |||
| Apr 7, 2017 | Listed by Arbor Real Estate Professional | $1,279,000 | |
| Listed by Arbor Real Estate Professional | |||
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage, DoorSingle
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Crown Molding, Eat-in Kitchen, Recessed Lighting, BlockWalls, LivingRoomDeckAttached, AllBedroomsUp, BedroomOnMainLevel, MainLevelPrimary
Appliances: Built-In Range, Dishwasher, Electric Range, Gas Oven, Gas Water Heater, Microwave, Refrigerator
Flooring Type: Carpet, Stone, Wood
Laundry Features: Inside, In Kitchen
Has Fireplace
Fireplace Features: Electric, Gas, Living Room, Wood Burning
Exterior Details
Has Property Attached
Square Footage: 1528
Security Features: Smoke Detector(s)
Property Condition: Updated/Remodeled, RepairsCosmetic
Architectural Style: Contemporary, Craftsman
Year Built Source: Assessor
Year Built: 1968
Levels: One
Construction Materials: Stone, Stucco, Wood Siding
Patio and Porch Features: Covered, Deck, Rooftop, Wood
Pool Features: None
Lot Features: Landscaped, Sloped Up, NearPark, SprinklerSystem
Lot Size Area: 3539
Lot Size Units: Square Feet
Lot Size Acres: 0.081
Lot Size Square Feet: 3539
Lot Size Dimensions: 32x116
Tax Lot: 9
Water Source: Public
Utilities Details
Cooling Type: None
Heating Type: Electric, Radiant
Sewer : SewerTapPaid
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 |
|---|---|---|---|---|---|---|---|
|
07/20/2023
| |
2 Bed
|
2 Bath
|
1163 ft²
|
$1,999,999
2 Bed
2 Bath
1163 ft²
|
$1,990,000
-0.50%
03/13/2024
|
Josef Szigeti
Douglas Elliman Of California
|
|
04/07/2017
| |
3 Bed
|
2 Bath
|
1528 ft²
|
$1,279,000
3 Bed
2 Bath
1528 ft²
|
$1,285,000
+0.47%
05/19/2017
|
Marquise Beucler
Arbor Real Estate
|
|
02/28/2017
|
3 Bed
|
2 Bath
|
1800 ft²
|
$1,899,000
3 Bed
2 Bath
1800 ft²
|
$1,810,000
-4.69%
12/22/2017
|
Mark Simon
Berkshire Hathaway Homeservice
| |
|
09/26/2016
| |
3 Bed
|
3 Bath
|
1757 ft²
|
$1,835,000
3 Bed
3 Bath
1757 ft²
|
$1,800,000
-1.91%
03/17/2017
|
Casey Lesher
Christie's AKG
|
|
01/22/2015
| |
3 Bed
|
1 Bath
|
1450 ft²
|
$1,050,000
3 Bed
1 Bath
1450 ft²
|
$1,040,000
-0.95%
04/10/2015
|
Eliisa Stowell
Surterre Properties Inc.
|
Building Info
About Corona del Mar
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Listed by: Marquise Beucler, Arbor Real Estate Professional
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP17070953
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP17070953
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