$985,000
●
House -
Off Market
852 Melba
Encinitas, CA 92024
4 Beds
2 Baths
1,464 Ft²
$1,519,211
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model
About This Property
You won't want to miss this charmer! This home is abundant in style
and sophistication. Heavily upgraded at every turn, you will be
hard pressed to find a property with this much pizzazz. Along with
a superb interior layout, you also have fantastic outdoor areas to
entertain. Ocean views from the front yard and a large bonus room
in the back yard make this home a real gem. And, all of this is
only a short bike ride away from the ocean and Downtown Encinitas.
This home won't last long, so hurry over! Neighborhoods: Encinitas
Equipment: Dryer, Range/Oven, Shed(s), Washer Other Fees: 0
Sewer: Sewer Connected Topography: LL
Unit Size
1,464 Ft²
Days on Market
35 days
Land Size
-
Price per sqft
$655
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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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 (SDMLS #170059865)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 28, 2017 | Sold | ||
| Sold | |||
| Nov 23, 2017 | Listed by HomeSmart Realty West | $959,000 | |
| Listed by HomeSmart Realty West | |||
| Mar 5, 2015 | Sold | ||
| Sold | |||
| Jan 30, 2015 | Listed by Plus Realty Group | $739,900 | |
| Listed by Plus Realty Group | |||
| | |||
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SIT DOWN OCEAN VIEWS FROM NEARLY EVERY ROOM! Move in ready single story Encinitas bungalow with 3 bedrooms, 2 bathrooms, and open concept floorplan. Additional features include remodeled kitchen with Quartz countertops and stainless steel appliances, spacious master bedroom with remodeled ensuite, and large yard complete with patio, detached studio, and new lawn great for children and pets. Move-in ready! Neighborhoods: Encinitas Equipment: Range/Oven Other Fees: 0 Topography: LL
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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ft²
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About Encinitas
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Listed by: Willie Wilson, HomeSmart Realty West
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 170059865
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 170059865
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