224 Seeman Drive

224 Seeman Drive

D

Encinitas, CA 92024

$2,795,000
NEW — 4d on market

Soft Appraisal Value: $2,712,700 · 3.0% above estimate

Beds

4

Baths

4

Sqft

3,279

Year Built

1985

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

260006929SD

Description

Welcome home to this wonderful property in charming Old Encinitas packed with eco-friendly choices and spacious living areas. Enjoy coastal living with rural ambiance on a cherished street with other custom homes, just minutes from Moonlight Beach, the San Diego Botanical Gardens and downtown Encinitas and the 101. Situated on a generous lot, the property features owned solar plus rainwater and greywater capture systems, perfectly suited for the professionally designed backyard orchard. The gracious living room greets you with its soaring ceilings, wonderful light, Santos Mahogany wood flooring, and a view through the French doors to the incredible back yard. The family/music room offers a beautiful beehive fireplace and connects with one of the two en-suite bedrooms located downstairs, offering the potential for multi-generational living. Upstairs, you’ll find an amazing primary suite, and an equally large 4th bedroom suite, both with ocean views and oversized balconies. The expansive kitchen, which opens to the dining room, boasts Viking Professional, Sub Zero and Bosch stainless steel appliances, a walk-in pantry, and a lovely view into the back yard. Wander through the rainwater irrigated orchard and you’ll see fig, lime, Meyer lemon, May Pride peach, multiple mature avocado trees and more, amongst drought tolerant native plantings and raised garden beds. The west-facing outdoor deck and grassy area are ideal for large gatherings or play, while the spa is a relaxing spot to enjoy sunsets throughout the year. Don’t miss this opportunity to live in the heart of Encinitas!

Mortgage Calculator

Est. Monthly Payment

$17,743

Principal & Interest$14,133
Property Tax$2,795
Insurance$815
%($559,000)
%

Investment Score

0D
Est. Monthly Rent
$7,818
Monthly Cashflow

Rent − PITI − HOA

$-9,925
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,052

Mortgage (P+I)
$14,133
Cap Rate
0.03%
Cash-on-Cash
-30.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$26,068

NOI (Annual)
$968
Price-to-Rent

Lower = better for investors

29.8

* 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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