1749 Noma Lane

1749 Noma Lane

D

Encinitas, CA 92024

$3,995,000

Soft Appraisal Value: $3,711,600 · 7.6% above estimate

Beds

5

Baths

5.5

Sqft

6,149

Year Built

2006

Days on Market

237

Property Type

Single Family

HOA/mo

N/A

MLS ID

250036008SD

Description

MOTIVATED SELLER. Set on a one acre lot with sweeping views of the ocean & Batiquitos Lagoon, this 5BR, 5.5 BA house has been updated to the max. The Aesthetic: Organic Modern. The Vibe: A private North County shangri-la with proximity to beaches and downtown Leucadia. Design Cred: The OC-based Andrade Architects created a top-to-bottom renovation: Wow-worthy kitchen and dining room boast major views; the primary has a spa bathroom w/heated floors, steam shower & deep soak tub. Plus: Media room, guest quarters, speakeasy, pool & spa. Owner will consider Seller Financing. Architectural Cred: The OC-based Andrade Architects is known for the finest craftsmanship. Here, they enlisted new floors, lighting and new bathrooms for this luxurious renovation. The arrival reflects the level of craft with a custom 10-foot walnut pivot door, opening onto a seaview foyer illuminated with custom wine storage. There’s new custom cabinetry, new fireplace facades and all new tiles and fixtures in the 5.5 bathrooms. The pool and spa sparkle with new tile. The floor plan is designed to connect and disconnect in equal measure. The primary retreat boasts a resort spa experience with heated floors, steam shower & deep soak tub. Outside, there’s a retiled pool and spa with new slipproof decking. Plus: An outdoor area to chill, grill & entertain. Prime Location: Close to the beach, just East of I-5, and near Batiquitos Lagoon, Fox Point Farms, Encinitas Ranch Golf Course, La Costa and Aviara. Private & Secure: Located on a gated property on a cul-de-sac dotted with mature Torrey Pines, this area offers both privacy and access to the North County lifestyle.

Mortgage Calculator

Est. Monthly Payment

$25,361

Principal & Interest$20,201
Property Tax$3,995
Insurance$1,165
%($799,000)
%

Investment Score

1D
Est. Monthly Rent
$12,910
Monthly Cashflow

Rent − PITIA

$-12,451
Full Cashflow

Incl. vacancy, PM, maint, capex

$-18,749

Mortgage (P+I)
$20,201
Cap Rate
0.44%
Cash-on-Cash
-28.16%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$37,260

NOI (Annual)
$17,418
Price-to-Rent

Lower = better for investors

25.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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