ActiveResidential · sale

1523 Madrid Drive

Vista, CA 92081

$1,175,000

  • 3 beds
  • 3 baths
  • 1,975 sq ft
  • 0.14 acres
  • Built 1989

Listed by Daniel Team Realty · MLS #NDP2607813

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PROPERTY QUESTIONS & SHOWINGS

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1523 Madrid Drive, Vista, CA 92081 · MLS #NDP2607813

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Step outside and fall in love with the lush garden and mature fruit trees!

Year built

Built in 1989.

Garage parking

3 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to this beautifully upgraded 3-bedroom, 2.5-bathroom gem in the coveted Mallorca community of Shadowridge, where soaring vaulted ceilings greet you the moment you enter. FULLY OWNED SOLAR. The heart of this home is a stunning 2022-remodeled kitchen featuring stainless steel appliances, granite countertops, Reverse Osmosis filtered water system, and a massive center island perfect for meal prepping or gathering. Double pane windows throughout the home provide energy efficiency and an abundance of natural light. Upgraded recessed lighting flows throughout, complemented by ceiling fans in every bedroom. Durable tile floors downstairs and stylish vinyl flooring upstairs offer both function and beauty. Upstairs loft space offers flexibility for home office, playroom, and more! The primary suite is a true sanctuary with vaulted ceilings, an oversized walk-in shower, double vanities, and two separate closets for plenty of storage. Step outside and fall in love with the lush garden and mature fruit trees! The beautifully landscaped side yard features artificial turf for low-maintenance enjoyment, while the gated courtyard entryway adds privacy and charm from the moment you arrive. Unwind on the covered patio with the cozy swing, ideal for relaxing evenings or entertaining friends. Spacious 3-car garage with wall-mounted garage door openers to maximize overhead storage. Roof redone in 2016, water heater replaced 2018. Low HOA of just $128/month! Enjoy the pool & spa within the community, or venture outside where dining, coffee shops, entertainment, shopping, and award-winning VUSD schools are all within walking distance. North County's beaches are also just a short drive away!

THE NEIGHBORHOOD

Explore the location.

1523 Madrid Drive, Vista, CA 92081

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Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

San Diego County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$917,223Up 1.4% vs. the previous 12 months
Months of supply2.712-month average
Days on market3312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1989
Full baths
2
Half baths
1
Garage spaces
3
Cooling
CentralAir
Appliances
Dishwasher,GasRange,Microwave,Refrigerator,Dryer,Washer
Flooring
Tile,Vinyl
Pool
No
Pool features
Community,Association
Spa
No
Zoning
R1
Parcel
1834032500
HOA
Mallorca HOA
HOA amenities
Pool,SpaHotTub
HOA fee frequency
Monthly
HOA fee
$128.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$4,895.83
Cap rate

Annual operating income:

HOA: Includes $128.00 per month in HOA dues, converted from the $128.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #NDP2607813 · California Regional MLS

Listing brokerage: Daniel Team Realty
Listing agent: AJ Maloney

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.