107 Summit Drive
Paradise, NL, A1L2P3
4 Beds | 5 Baths
$688,500
About the property (MLS: 1278698):
This executive home has a panoramic view overlooking Conception Bay ! Relax on the patio and enjoy the best of nature. You will not believe the beautiful sunsets ! As you enter the property you will appreciate the large paved driveway which could accommodate your vehicles, RV or boat. The attached garage, while having been converted to a Man Cave, can still accommodate a couple of vehicles. You'll be awed by the grand staircase and overhead catwalk when you enter the home through the main foyer. The main floor has an open concept kitchen and great room that will enhance any socials. There's also a sitting room plus a formal dining area and a gym area. The primary bedroom on the second floor features an in bedroom soaker tub, private balcony overlooking the bay, large walk in closet, ensuite and an adjoining private office with 2 desks. There's also two other bedrooms. The basement has a theatre room, games room, cellar, utility room, half bath and laundry. The huge basement foyer is walk out to the garden. The level rear garden is the perfect place for children to play. The two large patios off the main floor of the house will make it easy for Mom and Dad to watch over the children. There's even a wooden deck at the rear of the property for late night bonfires. The bonus is the in-law apartment. It has one bedroom plus a den or storage room. This apartment has separate entrance and ground level patio at the rear of the house. Since it is a ground level unit it is bright with large windows. This is a fantastic opportunity to add you own touches and make this your dream home! (id:56688)
Property Details
Listing ID: 27549743
Address: 107 Summit Drive, Paradise, Newfoundland & Labrador, Canada A1L2P3
Status: Active
Last updated: 9 days ago ( Dec 2, 2024 )
Year Built: 2007
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
View: Ocean view
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 5
1/2 Baths: 2
Sewer: Septic tank
Flooring: Hardwood, Ceramic Tile
Living Area Total: 5,740 square feet
Price per sq ft: $120
Tax Annual Amount: $6,495
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Foundation Details: Concrete
Flooring: Hardwood, Ceramic Tile
Exterior Features: Brick, Other
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.536896, -52.906514]
Rooms
| Basement | Not known Not known Not known Not known Other Games room Bath (# pieces 1-6) Laundry room Fruit cellar Porch Games room Utility room | 8'5"" x 11' null 14' x 11' null 16' x 16' null 15'6""x 10"" null 6' x8' null 10'6""x 12'6"" null 4' x 5'6"" null 5'6"" x 7'6"" null 21' x 9'6"" null 13' x 9' null 12 x 9'6"" null 14' x 9'6"" null |
| Main level | Not known Hobby room Den Dining room Family room Living room Not known | 21' x 21' null 14' x 11' null 11'6' x 10' null 14' x 12' null 12' x 15' null 16' x 17' null 18'6"" x 16'6"" null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Hobby room Office Primary Bedroom | 9'6"" x 8' null 14'6"" x 12' null 11'6"" x 14' 6' null 15' x12' null 8' x 19' null 13'6"" x 25' null |
Basic Calculator
First Mortgage: $550,800
Mortgage insurance premium: $0
Total Financing: $550,800
Rough closing fee (1.5%): ~ $10,328
Total downpayment with estimated closing fee: $148,028
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $6,315 | $75,780 |
| Gross rental income (income/principal ratio) | 0.917% | 11.007% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $861 | $10,332 |
| Vacancy | $316 | $3,789 |
| Management Fee | $506 | $6,063 |
| Expense / Income Ratio | 13.63% | 13.63% |
| Cash Flow | $4,634 | $55,608 |
| Net Operating Income (NOI) | $4,634 | $55,608 |
| Capitalization Rate | 0.67% | 8.08% |
