$1,070,000
●
Land -
Off Market
922 Hymettus
Encinitas, CA 92024
Studio
0 Bath
$1,896,950
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model
About This Property
The lure and demand of coastal Leucadia cannot be understated.
Opportunities to acquire a large, panoramic ocean view lot rarely
come available and hardly ever do they surface with a "Hymettus"
address. This coveted .38 acre lot has been meticulously designed
with approved plans for a 3600 sq ft modern dwelling. This
architectural stunner features a minimalist appeal with
poured-in-place concrete walls, Corten steel, and a pool filled
courtyard. The ground work is complete. Build now or design to
spec! Purchase of the lot includes set of approved plans only, no
building costs included. Approximately $20,000 in school fees and
grading permit fees left to pay before final permits issued. Lot is
a flag lot with a designed private drive (NOT SHARED) and can be
hardscaped to buyers liking. Utilities nearby and will be sewer
connected. Home is designed with a reverse floor plan to take
advantage of the ocean views. Renderings include option for light
and dark stucco option versus Corten steel. Buyer to cooperate with
sellers 1031 Exchange at no cost to buyer. Neighborhoods:
Leucadia Other Fees: 0 Sewer: Sewer Available
Unit Size
-
Days on Market
55 days
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1920
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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 #170012973)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2017 | Sold | ||
| Sold | |||
| Mar 15, 2017 | Listed by Coldwell Banker Realty | $1,174,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
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ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Encinitas
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Listed by: Scott Ryan, Coldwell Banker Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170012973
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170012973
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