$2,300,000
●
House -
Off Market
7847 Lookout Dr
La Jolla, CA 92037
3 Beds
3 Baths
2,500 Ft²
$3,848,176
RealtyHop Estimate
60.68%
Since Aug 1, 2018
CA-San Diego
Primary Model
About This Property
This warm and welcoming cottage has been beautifully remodeled and
expanded. It's a gem. Built in 1948 by master architect Thomas
Shepard, it has charm at every turn. Tucked away on a picturesque
street in a highly-desired neighborhood, it has a special peaceful
and serene quality to it. Please see supplement. Large front
decking greets you and is a perfect spot from which to enjoy north
shore views. There are leaded glass windows, a lovely and spacious
living room with vaulted ceilings and cozy fireplace, a gorgeous
cook's kitchen, a dreamy back patio area which is large and
private, and an outdoor living room with fireplace. There are two
bedrooms plus an office on the main level and a third bedroom with
a separate entrance on the ground level. Square footage is as per
Seller. Chandeliers in dining room and kitchen and outdoor fountain
does not convey. Don't miss the fruit trees!. Neighborhoods:
La Jolla Hills Other Fees: 0 Sewer: Sewer Available
Unit Size
2,500 Ft²
Days on Market
119 days
Land Size
0.13 acres
Price per sqft
$958
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1990
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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 #180011399)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2020 | No longer available | - | |
| No longer available | |||
| Oct 21, 2019 | Listed | $2,995,000 | |
| Listed | |||
| | |||
|
This custom home was designed in 1948 by master architect Thomas Shepard and a possible significant Tax savings through Mills Tax Act and may be purchased furnished. The residence has two bedrooms plus sitting area and the third B/R has separate entrance on ground level. The entrance offers a seating patio w North Shore ocean coastline views. Also the L/R has vaulted ceilings,F/P and ocean views. The main patio has covered Dining room, fireplace, pizza oven and fountain. The manager has listed the unit size as 2500 square feet.
| |||
| Jul 2, 2018 | Sold | ||
| Sold | |||
| Mar 5, 2018 | Listed by Berkshire Hathaway HomeService | $2,395,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Northern San Diego
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Listed by: Susana Corrigan, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180011399
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180011399
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