3467 Corvallis Street

3467 Corvallis Street

D

Carlsbad, CA 92010

$1,525,000
NEW — 1d on market

Beds

3

Baths

2

Sqft

1,762

Year Built

1986

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2601680

Description

SPECTACULAR 1 STORY VIEW HOME IN CARLSBAD!! This rarely available & highly desirable Spinnaker Point home is in Move-In ready condition. Nothing to do but bring your comfortable chair to sit in your Backyard & enjoy the panoramic view. The sellers have spared no expense including completely painting the inside & outside of the home. There are brand new exterior lighting & interior light fixtures plus new hanging entry light & Dining Room chandelier. The double door front entry takes you into the Formal Living Room & Formal Dining Room. There is brand new carpet throughout the Living Room, Dining Room & all Bedrooms. The rest of the flooring in the home is tile. The Gourmet Kitchen is a chef’s delight with granite counters, white cabinets, all new stainless steel gas range, microwave & dishwasher. Plus, the new Kitchen faucet, garbage disposal & cabinet hardware. The drop-down ceiling has been replaced with recessed can lighting. There is a Breakfast Bar & a Breakfast Nook for casual dining. The sliding glass door in the Family Room as well as the one in the Living Room take you out to your Entertainer’s Backyard. Panoramic views all the way to the ocean! There is a custom brick covered patio that wraps around to the large side yards, planters all around the yard with lovely flowering shrubs & tropical foliage & lots of grass for the kids & pets to play. Multiple seating options for relaxing & watching the sunset. The Primary Bedroom has a vaulted ceiling & windows looking out at the Backyard making it light & bright. The Primary Bathroom has been updated with granite counters, single sink vanity & a separate room for the step-in shower which has been upgraded with floor to ceiling tile & sliding glass doors. There are 2 separate closets, allowing plenty of space for the shopper in the family. The 2 additional Bedrooms have both been extended out adding much more square footage than the original model. Both rooms have large walk-in closets, new ceiling fans & window seats with additional cabinetry. There is no lack of storage in this home. The 3-car garage includes cabinetry, overhead racking AND pull down stairs for additional storage above the garage. This home is located in one of the top zip codes in the county & has one of the best school districts, the location is close to any shopping you can think of & just minutes to the 5 freeway AND the 78 freeway. A MUST SEE!!

Mortgage Calculator

Est. Monthly Payment

$9,681

Principal & Interest$7,711
Property Tax$1,525
Insurance$445
%($305,000)
%

Investment Score

1D
Est. Monthly Rent

HUD Fair Market Rent

$4,730
Monthly Cashflow
$-7,310

Mortgage (P+I)
$7,711
Cap Rate
0.32%
Cash-on-Cash
-28.76%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$11,662

NOI (Annual)
$4,815
Price-to-Rent

Lower = better for investors

26.9

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

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