Listed by: Claudia Garcia, Diversified Realty Group
$310,000
●
House -
Off Market
134 Corte Bella
Palm Desert, CA 92260
3 Beds
2 Baths
1,495 Ft²
$596,501
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model
About This Property
The opportunity you have been waiting for, owner is relocating and
the price has just been dropped by $15K. Not to mention, this is
the best location in Palm Desert! Merano is an exclusive gated
community that has 126 Mediterranean style homes with low HOA's
($75 monthly) and delivers an immeasurable sense of elegance and
unparalleled home value. This property has been renovated with over
$30, 000 in upgrades. Both front/back yards have been completely
redone and landscaped to perfection. This home is sitting in one of
the biggest lots the development has to offer, 9,148 sqft (public
records). This huge back yard is ready for entertainment, brand new
covered patio with a misting system, to enjoy special outside
dinning. The back yard has a built in Bocce Ball for entertainment
and still leaves plenty of room for you to customize your very own
pool/spa. This freshly painted contemporary energy efficient home
has numerous upgrades. A must see, you will not be disappointed!!
Unit Size
1,495 Ft²
Days on Market
166 days
Land Size
0.21 acres
Price per sqft
$214
Property Type
House
Property Taxes
-
HOA Dues
$75
Year Built
1999
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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 #214016937DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2016 | Sold | ||
| Sold | |||
| Jan 21, 2016 | Listed by Windermere Homes & Estates | $354,000 | |
| Listed by Windermere Homes & Estates | |||
| | |||
|
Merano is located in one of the Coachella Valley's desirable central locations. Merano delivers an immeasurable sense of elegance and an unparalleled home buyer value. Merano consists of 124 Mediterranean style homes with a low HOA fee of only $75 per month. This property has been extensively upgraded sense purchase by present owners they have put in way to many upgrades to mention them all here,but just a few include all new faucet fixtures in kitchen and baths along with new quartz counters in both bathrooms and brand new whole house exterior paint, new hot water heater with recirculating heat pump added, all new exterior landscaped along with new block wall between neighbor, all new beautiful custom window shutters and picture window electric sunshades, new ceiling fans in all bedrooms and den. These are just some of the great upgrades the owner has installed in this wonderful Merano home that sits on one of the largest lots in the community. You will love this property.
| |||
| Oct 14, 2014 | Sold | ||
| Sold | |||
| May 1, 2014 | Listed by Diversified Realty Group | $319,995 | |
| Listed by Diversified Realty Group | |||
Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Palm Desert
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Listed by: Claudia Garcia, Diversified Realty Group
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214016937DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214016937DA
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