Updated Sep 5, 2024
Corey King Acquires SFR In Encinitas For $16.25M With Buyer's Rep EXp Realty And Seller's Rep Douglas Elliman
532 Neptune Avenue
$16,250,000
$2,567/SF
Building Size
6,329 SF
Asset Type
Single Family Residence
Closing
Aug 19, 2023
About this deal
AI
The most expensive home sale in San Diego County in August was the Crescent House located at 532 Neptune Avenue in Encinitas. This single-family residence sits on a 0.42-acre lot and spans 6,329 square feet. The property was sold for a staggering $16,250,000, resulting in a price per square foot of $2,568.
Summary of Transaction Details
- Property Type: Single-Family Residence
- Transaction Amount: $16,250,000
- Address: 532 Neptune Avenue, Encinitas
- Market: Encinitas
- Acreage: 0.42
Representing the buyer in this transaction was Corey King from eXp Realty. On the other side, Joshua Altman and Jason Saks from Douglas Elliman acted as the seller's representatives. It is worth noting that this sale marks a significant achievement, as it is the most expensive home sale in San Diego County for the month of August.
Players
Encinitas Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $16.3M for 6,329 square feet (2023).
Visit Joshua (Josh) Altman to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93