Listed by: Nancy Jones, Bennion Deville Homes
$705,000
●
House -
Off Market
10 Covington Drive
Palm Desert, CA 92260
4 Beds
5 Baths,
1
Half Bath
3,038 Ft²
$1,351,469
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model
About This Property
Exceptional custom 3,038 sq ft designed home located in the
beautiful gated community of Montecito in PD. This home features 4
bedrooms (incl separate casita w/ built-in murphy bed)& 4 full
baths plus a lovely powder room. Home sits on an oversized private
lot w/ updated pool/spa & built-in BBQ. As you enter the courtyard
gate you see lush landscaped grounds. This home is filled w/
upgrades: Soaring ceilings, gorgeous custom built ins, LR features
enticing fireplace & wet bar w/ stunning granite slab counter &
wine cooler. Kitchen boasts gorgeous granite slab counters,
upgraded cabinets, large center island, high end appliances
including a built-in refrigerator & double ovens. The den & kitchen
are all one space for easy entertaining. Large master bedroom suite
has bath with spa tub & double sized shower. Secondary bedroom
suites all w/private baths. Custom wiring/ cable/ sound system.
Montecito is contiguous to Desert Willow Golf Resort which PD
residents can play at reduced rate.
Unit Size
3,038 Ft²
Days on Market
112 days
Land Size
0.27 acres
Price per sqft
$239
Property Type
House
Property Taxes
-
HOA Dues
$165
Year Built
1998
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #214021669DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2014 | Sold | ||
| Sold | |||
| Jun 2, 2014 | Listed by Bennion Deville Homes | $725,000 | |
| Listed by Bennion Deville Homes | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palm Desert
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Nancy Jones, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214021669DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214021669DA
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 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. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017