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360 Glorietta Blvd Orinda, CA 94563

3 Beds 2 Baths 2,320 sqft Built 1951

$1,485,000

List Price

$5,410

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $640.09
  • 2 Days on Market
  • MLS # : CC40929346
  • Updated Date : 11/14/2020 at 19:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,320 sqft
  • Baths : 2 full
Listing Agent

Compass

Listing Agent's Description

Spectacular ranch-style home updated with a contemporary open floor plan and generous gathering areas includes a great room, three bedrooms, two bathrooms, plus a family room and flexible-use space. Fabulous fully-fenced front and back yards offer lots of room to play, entertain, and relax within the ultra-private and peaceful garden setting. The sprawling third-acre corner property is ideally located in Orinda's desirable Glorietta neighborhood close to top-rated and conveniently within about two miles to BART and less than a mile to the freeway. The 2,320 sq ft of light-filled living space on a single level showcases decorative millwork, plantation shutters, fresh interior paint, updated interiors, doors and hardware, recessed lighting, hardwood floors, and a band of windows framing the backyard gardens. Level outdoor space with brick patios, expansive lawn, garden beds, and mature shade and redwood trees wraps around the home on three sides and offers lots of room to roam.

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PRICE & RENT TRENDS

Neighborhood: Glorietta

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $273k1490k

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

Neighborhood: Glorietta

NeighborhoodNIR Market*CityMarket2010Year20012019 Q220002500300035004000450050005500Rent in $16715541

* 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
Glorietta Elementary School Primary Regular 439 19 9
Orinda Intermediate School Middle Regular 907 43 10
Miramonte High School High Regular 1,155 58 9

Glorietta Elementary School

  • Education Level: Primary
  • # of students: 439
  • # of teachers: 19
9
GreatSchools Rating

Orinda Intermediate School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 43
10
GreatSchools Rating

Miramonte High School

  • Education Level: High
  • # of students: 1,155
  • # of teachers: 58
9
GreatSchools Rating
 

$1,336,500$1,633,500$1,485,000

PURCHASE PRICE

$4,869$5,951$5,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,410
EXPENSES Loan Payment -$5,479
Property Tax -$1,543
Property Insurance -$83
Property Management Fees -$265
CASH FLOW
-$1,960

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.

$1,485,000

PROJECTED PRICE

$5,410

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.3%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$399,275

INVESTMENT

$399,275

Down Payment
$371,250
Rehab Estimate
$5,750
Closing Costs
$22,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,479

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $371,250
Loan Amount $1,113,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$4,246

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
  • $5,852

    COMP ESTIMATED VALUE
  • $2.52

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$5,0003$5,2004$5,5005$5,600
$5,600
RENT COMPS ANALYSIS
  • 360 Glorietta Blvd Orinda, CA 1
    • 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 1951 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 32 Diablo Cir Lafayette, CA 2
    • 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 1956
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $2.40
    •  
  • 5 Dover Ct Orinda, CA 3
    • 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 1961
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,200
    • $2.41
    •  
  • 4010 Woodside Court Lafayette, CA 4
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1966
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $2.58
    •  
  • 1 Rustic Way Orinda, CA 5
    • 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 1955
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,600
    • $2.70
    •  
PROPERTY LISTING DETAILS
Glenn Beaubelle
Compass
BESbswy