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$281,500
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House -
Off Market
31675 SAN MIGUELITO Drive
Thousand Palms, CA 92276
3 Beds
2 Baths
1,352 Ft²
$393,981
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Why are you still renting? Contemporary 3 BR / 2 BA offers an
immaculate, open-concept living / dining / kitchen area, large
porch and fenced back yard. Tile floors, lots of cabinets,
breakfast bar, vaulted ceilings, more! The master bedroom has
ensuite bathroom, mirrored closet doors, and private access to the
back yard. Well-sized secondary bedrooms great for family, guests
or an office. Designer paint colors and recent updates, make this
home perfect for first time home buyers, downsizers and investors.
The yard is big and great for playtime and entertaining. A large
two car garage makes parking and storage very easy. Recently
installed, energy-efficient AC saves money! This home is located in
a census tract that allows for 100% financing options with $3,500
contribution to closing costs and no mortgage insurance! **Esta
casa est ubicada en una seccin censal que permite opciones de
financiamiento del 100% con una contribucin de $ 3,500 a los costos
de cierre y sin seguro hipote
Unit Size
1,352 Ft²
Days on Market
62 days
Land Size
0.16 acres
Price per sqft
$208
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1994
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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: 5 months ago (CLAW #20568298)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2020 | Sold | ||
| Sold | |||
| Apr 4, 2020 | Listed by Redfin | $281,000 | |
| Listed by Redfin | |||
| Oct 4, 2019 | No longer available | - | |
| No longer available | |||
| Sep 13, 2019 | Listed | $305,000 | |
| Listed | |||
| | |||
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Cute and contemporary 3 BR / 2 BA in well-loved and immaculate condition in Thousand Palms. With an open-concept living / dining / kitchen area, this lovely property is inviting you to call it home. Tile floors, plenty of cabinets, breakfast bar, more. The master bedroom has ensuite bathroom, mirrored closet doors, and private access to the back yard. The junior bedrooms are well-sized and one of them offers from-facing views for double duty as a potential office. With designer paint colors and recent touch ups, this is home is a gem for the first time home buyer, retiree, or investor who is looking for quality. A big backyard, fully fenced, with a covered patio and plenty of room to play and entertain, too. A large two car garage makes parking and storage very easy. Recently installed AC for potential cost savings! The manager has listed the unit size as 1658 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Shangri La Palms
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Conrado Delagarza, Redfin
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 20568298
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 20568298
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