Listed by: Signe Beck, Keller Williams Luxury Homes
$715,000
●
House -
Off Market
25 Lucerne Drive
Palm Desert, CA 92260
3 Beds
4 Baths,
1
Half Bath
2,881 Ft²
$862,972
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
You will love this modern jewel home in the highly desired gated
community of Montecito. The home is a timeless modern design
with maximum privacy. Enter the gates to a sparkling pool and
BBQ area with views of Mount Jacinto. Inside the home, there
are vaulted ceilings, clerestory windows and a floor plan that
flows well for desert living. Light and bright, it is tiled
throughout. The kitchen has stainless steel appliances,
granite slab counters, and views to the pool and mountains.
It offers three bedroom suites, with three and a half baths.
Exterior windows have locking security shutters if you decide
to lock and go. Not only is this home a beauty, it is super
efficient with solar panels and fixed, low, electric costs, and a
low homeowners fee.
Unit Size
2,881 Ft²
Days on Market
103 days
Land Size
0.23 acres
Price per sqft
$241
Property Type
House
Property Taxes
-
HOA Dues
$185
Year Built
2000
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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: 3 years ago (CRMLS #219053530DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2021 | Sold | ||
| Sold | |||
| Nov 21, 2020 | Listed by Keller Williams Luxury Homes | $694,000 | |
| Listed by Keller Williams Luxury Homes | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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Asking Price
Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Palm Desert
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Listed by: Signe Beck, Keller Williams Luxury Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219053530DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219053530DA
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