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608 Serramonte Ct Danville, CA 94526

4 Beds 3 Baths 2,880 sqft Built 1978

$1,498,800

List Price

$4,550

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $520.42
  • 4 Days on Market
  • MLS # : CC40934312
  • Updated Date : 01/15/2021 at 19:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,880 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Ready to enjoy executive Danville living on a quiet cul-de-sac with picturesque hill views? From the curb appeal of this EAST facing home, to the sought-after floor plan, to the amazing deck & back yard, this home delivers! Soaring ceilings, rich flooring & an abundance of light greet you as you enter. With 4 bedrooms (1bd/1ba on 1st floor) & 3 full baths, there is room for everyone. There is even a bonus room at top of stairs (not included in the sq ft) & makes a great ZOOM Room! The sparkling eat-in kitchen has been remodeled to perfection with white cabinetry, quartz countertops, gas cooktop, center island, S/S appliances & opens to the large family room, with generous bar & cozy fireplace. With multiple seating areas, relaxing hot tub & lawn, the yard is ideal for entertaining! All bedrooms have recently installed carpeting. New Roof in 2020. Award winning schools, close-proximity to shopping, security & amenities of Crow Canyon Country Club make this a very special place to live!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crow Canyon Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $273k1326k

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

Neighborhood: Crow Canyon Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20012019 Q218002000220024002600280030003200340036003800400042004400Rent in $16714494

* 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
Greenbrook Elementary School Primary Regular 644 22 9
Charlotte Wood Middle School Middle Regular 1,110 46 9
San Ramon Valley High School High Regular 2,182 90 10

Greenbrook Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 22
9
GreatSchools Rating

Charlotte Wood Middle School

  • Education Level: Middle
  • # of students: 1,110
  • # of teachers: 46
9
GreatSchools Rating

San Ramon Valley High School

  • Education Level: High
  • # of students: 2,182
  • # of teachers: 90
10
GreatSchools Rating
 

$1,348,920$1,648,680$1,498,800

PURCHASE PRICE

$4,095$5,005$4,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,550
EXPENSES Loan Payment -$5,206
Property Tax -$1,571
Property Insurance -$97
HOA -$225
Property Management Fees -$223
CASH FLOW
-$2,771

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.

$1,498,800

PROJECTED PRICE

$4,550

PROJECTED RENT

0.30%

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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

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

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$402,932

INVESTMENT

$402,932

Down Payment
$374,700
Rehab Estimate
$5,750
Closing Costs
$22,482

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$5,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $374,700
Loan Amount $1,124,100
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$56

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
  • $4,558

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$4,1503$4,2004$4,3505$4,500
$4,500
RENT COMPS ANALYSIS
  • 608 Serramonte Ct Danville, CA 1
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 307 Pearlgrass Ln San Ramon, CA 2
    • 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,633 Sqft ∙ Built 1997
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.58
    •  
  • 45 Chadbourne Dr Danville, CA 3
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1987
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.57
    •  
  • 5285 Canyon Crest Drive San Ramon, CA 4
    • 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 1989
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.58
    •  
  • 695 Glasgow Circle Danville, CA 5
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1995
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.60
    •  
PROPERTY LISTING DETAILS
Valerie Vicente
Coldwell Banker
BESbswy