77 Picco Drive
Paradise, NL, A1L3M7
3 Beds | 3 Baths
$399,900
About the property (MLS: 1272841):
Beautiful, spacious executive home located on an oversized greenbelt in Paradise. This stunning home offers an amazing layout with very spacious rooms, propane fireplace in the living room, attached double garage, ensuite of the master bedroom, professionally landscaped, freshly painted throughout, professionally cleaned, stamped concrete driveway and the list goes on. The 1500 sq ft unfinished basement with walk out basement is ready for your imagination, in law apt, small business, workshop, games room, the ideas are endless. This property is also located on a dead end street. Roof is originally but has no leaks, at the end of its designed life. Property is on municipal water but was on artesian well up until a year ago, easy to transition back if needed, previous lines are still in place. Backyard access with a couple of changes to the planter boxes. (id:56688)
Property Details
Listing ID: 26959980
Address: 77 Picco Drive, Paradise, Newfoundland & Labrador, Canada A1L3M7
Status: Active
Last updated: a year ago ( May 29, 2024 )
Year Built: 2003
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 3,008 square feet
Price per sq ft: $133
Tax Annual Amount: $2,672
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Oven - Built-In
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.551121, -52.898658]
Rooms
| Basement | Storage Storage Storage Laundry room | 15.9x7.9 feet 19.8x12.4 feet 35.4x20.4 feet 20.6x20.4 feet |
| Main level | Not known Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Living room/Fireplace Kitchen | 20.1x18.6 feet 8.3x7.7 feet 12.7x10.10 feet 12.3x11.7 feet 7.7x5.2 feet 17.5x12.7 feet 15.2x15.1 feet 24.8x12.7 feet |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,309 | $39,708 |
| Gross rental income (income/principal ratio) | 0.827% | 9.929% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $166 | $1,986 |
| Management Fee | $265 | $3,177 |
| Expense / Income Ratio | 15.11% | 15.11% |
| Cash Flow | $2,379 | $28,548 |
| Net Operating Income (NOI) | $2,379 | $28,548 |
| Capitalization Rate | 0.59% | 7.14% |
