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1957 Old Oak Dr Walnut Creek, CA 94595

4 Beds 3 Baths 2,272 sqft Built 1985

$1,398,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $615.32
  • 3 Days on Market
  • MLS # : CC40926830
  • Updated Date : 11/02/2020 at 10:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,272 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Beautiful Westside home in the peaceful Tice Valley Oaks neighborhood. The grand entryway opens to a gracious home offering spacious living areas that include a dramatic great-room with 10 ft. ceiling and wet bar, a formal dining room, an large and updated eat-in kitchen, full-size laundry room, a huge 3 car garage perfect for a home gym or workshop. The tasteful modern touches blend with classic finishes for a timeless feel. The upgrades include updated kitchen with new appliances as of 2019, updated bathrooms, designer paint colors, new LED lighting, designer fixtures, new ELFA closet systems and gorgeous hardwood floors. The great-room opens to a spacious new redwood deck for easy indoor/outdoor living. Easy commute access to Hwy 24, a close-in location near walking trails and Walnut Creek's shopping amenities, top-rated Walnut Creek Elementary & Acalanes Unified High School District schools. Short walk to newly remodeled Tice Valley shopping center. Offers due by Mon, 11/2 @4:00pm.

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PRICE & RENT TRENDS

Neighborhood: Tice Valley

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1435k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Tice Valley

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000420044004600Rent in $16714665

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Parkmead Elementary School Primary Regular 511 22 9
Walnutcreek Intermediate School Middle Regular 1,219 48 8
Las Lomas High School High Regular 1,541 75 9

Parkmead Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 22
9
GreatSchools Rating

Walnutcreek Intermediate School

  • Education Level: Middle
  • # of students: 1,219
  • # of teachers: 48
8
GreatSchools Rating

Las Lomas High School

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 75
9
GreatSchools Rating
 

$1,258,200$1,537,800$1,398,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$5,158
Property Tax -$1,497
Property Insurance -$82
Property Management Fees -$149
CASH FLOW
-$4,406

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,398,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.18%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,220

INVESTMENT

$376,220

Down Payment
$349,500
Rehab Estimate
$5,750
Closing Costs
$20,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$5,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $349,500
Loan Amount $1,048,500
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$7,504

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $0

    COMP ESTIMATED VALUE
  • $0

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$2,900
$2,900
RENT COMPS ANALYSIS
  • 1957 Old Oak Dr Walnut Creek, CA 1
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • Charmstone Ct Walnut Creek, CA 2
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1987
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.44
    •  
  • 118 Castle Crest Rd Alamo, CA 3
    • 5 beds 3 baths ∙ 2,486 Sqft ∙ Built 1966 5 beds 3 baths ∙ 2,486 Sqft ∙ Built 1966
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.17
    •  
PROPERTY LISTING DETAILS
Marguerite Campione
Compass
BESbswy