$1,625,000
●
House -
Off Market
651 Cornish Dr
Encinitas, CA 92024
2 Beds
2 Baths
1,392 Ft²
$2,112,097
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model
About This Property
This is the opportunity to own your own quintessential beach
cottage west of I-5. This immaculately maintained home is a short
stroll from the Encinitas Library and main street of downtown
Encinitas. Home offers wood floors and recessed lighting
throughout. Very light and bright with multiple windows and glass
French doors leading to the spacious back deck. The master retreat
was expanded in 2002 with vaulted ceilings, expansive windows,
walk-in closet, and beautiful private patio. The low
maintenance backyard boasts large patios for entertaining, Avocado,
Lemon, and Orange trees, along with many different species of
succulent and native plants. No HOA or Mello Roos.
Neighborhoods: Encinitas Highlands Equipment: Dryer,
Shed(s), Washer Other Fees: 0 Sewer: Sewer Connected, Public
Sewer Topography: LL Guest House Est. SQFT: 0
Unit Size
1,392 Ft²
Days on Market
36 days
Land Size
0.23 acres
Price per sqft
$1,005
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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: 13 months ago (SDMLS #190000769)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2019 | Sold | ||
| Sold | |||
| Jan 3, 2019 | Listed by Coldwell Banker Realty | $1,399,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Encinitas
Similar Homes for Sale
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Listed by: Kyle Murphy, Coldwell Banker Realty
Last Updated: 13 months ago
Data Source: CRMLS, MLS# 190000769
Last Updated: 13 months ago
Data Source: CRMLS, MLS# 190000769
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