3405 Norton Way, #1, Pleasanton
2 BD, 2 BA |914 SF |$469,000
Details
Just minutes from Downtown Pleasanton, near 12 years of Pleasanton's top-rated schools. Nicely updated ground floor (no steps in the unit) 2 bed, 2 full bath condo. The open layout guides you through to the two adequately sized bedrooms & updated bathrooms.
The private patio space is perfect for your morning coffee, tea, or evening beverage of choice. Community laundry room is located nearby this unit. In addition to standard HOA coverage of fire/hazard insurance, exterior maintenance, roof, common area maintenance, pool, HOA fee also covers howeowner's monthly water, sewer and trash collection (which makes the HOA appear to be higher than average).
This condo is ideal for everyone - as a starter, a downsizer's next destination, or your new investment property
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Financial Analysis
Purchase as an investment property:
With approx. $147K initial investment and market rent of $2,400, one can cover the monthly expenses with the rent collected. Additionally you will be paying down the mortgage by approx. $551 per month, equating over 4.1% cash on cash on the money invested by the mere principal reduction.
Click here for a detailed financial report.
Purchase as a home for yourself:
A buyer purchasing this condo in today's low mortgage interest environment will have merely about the same monthly expense as if they would be renting the place. A buyer with good credit and 20% down at less than $100K will have approx. $2,598 gross monthly housing expenses (that is all including mortgage, property tax, HOA, water, trash collection and insurance) while paying down the mortgage principal $657 per month, approx. $8,000 each year. Why rent? Click here for a detailed financial report.
Neighborhood
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Mohseni Real Estate Group - COMPASS
Email: steve@bayareahomefinder.com
DRE#
CalBRE Broker Number: 01527235
760 Camino Ramon, Suite 200, Danville, CA 94526
900 Main Street, Pleasanton, CA 94566