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88 Grandview Pl Walnut Creek, CA 94595

3 Beds 2 Baths 1,477 sqft Built 1950

$1,250,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $846.31
  • 4 Days on Market
  • MLS # : CC40929032
  • Updated Date : 11/14/2020 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker

Listing Agent's Description

Serene seclusion & privacy with sweeping panoramic views is offered on this gorgeous Walnut Creek home. Tucked away in a peaceful, breathtaking setting enjoy 3 bedrooms, 2 full bathrooms, and almost 1,500 square feet of expansive living space. Enjoy a completely remodeled home with soaring ceilings, an abundance of natural light, gorgeous hardwood floors, recessed lighting and designer touches throughout. The perfectly appointed chef's kitchen features JennAir stainless steel appliances, double oven, 5 burner gas stove, deep farmhouse sink, additional prep sink, soft closing cabinets & drawers, walk-in pantry & beautiful pendant lighting. The oversized master bedroom connects to the exquisite remodeled to perfection ensuite bathroom with a king-size standalone porcelain tub, huge shower stall, double sinks & skylight. The picturesque backyard is perfect for entertaining guests & presents an extensive deck, pavers, built in BBQ, built in gas fireplace, jacuzzi hot tub, & hillside views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkmead

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

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

Neighborhood: Parkmead

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
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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$4,612
Property Tax -$1,280
Property Insurance -$63
Property Management Fees -$161
CASH FLOW
-$2,826

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.

$1,250,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 9.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$45k-$40k-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$51

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
  • $3,500

    COMP ESTIMATED VALUE
  • $2.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,8004$4,450
$4,450
RENT COMPS ANALYSIS
  • 88 Grandview Pl Walnut Creek, CA 1
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1 Lincolnshire Ct Lafayette, CA 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1952
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.19
    •  
  • 1028 Leland Dr Lafayette, CA 3
    • 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1962
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.40
    •  
  • 3359 Sweet Dr Lafayette, CA 4
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1955
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $2.52
    •  
PROPERTY LISTING DETAILS
Steve Kehrig
Coldwell Banker
BESbswy