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529 Adirondack Way Walnut Creek, CA 94598

4 Beds 3 Baths 2,239 sqft Built 1979

$998,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $445.73
  • 2 Days on Market
  • MLS # : CC40931359
  • Updated Date : 12/12/2020 at 03:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,239 sqft
  • Baths : 3 full
Listing Agent

Scott Miller Real Estate Group

Listing Agent's Description

Fabulous, private single family home in coveted Heather Farms with awesome views. Stunning entry and formal living room with soaring ceilings. Designer features and accents throughout. Updated kitchen opens to the cozy den with a fireplace. Upstairs has a luxurious master suite and deck with views of the hills and city lights, a bonus room off the master bath, and two additional bedrooms. Fourth bedroom downstairs has a full bath. Private landscaped backyard and patio area. Spacious garage and plenty of storage. HOA has pool and tennis courts. Top-rated Walnut Creek schools. Convenient to downtown, freeways and BART. Entertain or Escape - your choice. Don't miss this GEM!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diablo Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $222k1078k

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

Neighborhood: Diablo Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714076

* 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
Bancroft Elementary School Primary Regular 525 19 7
Foothill Middle School Middle Regular 1,014 40 9
Northgate High School High Regular 1,671 67 10

Bancroft Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 19
7
GreatSchools Rating

Foothill Middle School

  • Education Level: Middle
  • # of students: 1,014
  • # of teachers: 40
9
GreatSchools Rating

Northgate High School

  • Education Level: High
  • # of students: 1,671
  • # of teachers: 67
10
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$3,682
Property Tax -$1,101
Property Insurance -$81
HOA -$464
Property Management Fees -$188
CASH FLOW
-$1,686

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.

$998,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$109

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
  • $3,935

    COMP ESTIMATED VALUE
  • $1.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,4954$3,5005$4,250
$4,250
RENT COMPS ANALYSIS
  • 529 Adirondack Way Walnut Creek, CA 1
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 219 Whitney Ct Walnut Creek, CA 2
    • 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1972
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.64
    •  
  • 2010 Gill Port Ln Walnut Creek, CA 3
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 1969
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.54
    •  
  • 1557 Siskiyou Dr Walnut Creek, CA 4
    • 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1974
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.83
    •  
  • 350 Pickering Place Walnut Creek, CA 5
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 1960
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $2.02
    •  
PROPERTY LISTING DETAILS
Larry Pestal
Scott Miller Real Estate Group
BESbswy