35919 Matisse Drive
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2022 | Sold | ||
| Sold | |||
| Mar 17, 2022 | Listed by Real Estate Value Inc. | $824,990 | |
| Listed by Real Estate Value Inc. | |||
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The Gallery in Palm Desert former model home with all the special designer touches that goes along with it has been meticulously preserved. The home still shows like a model and has been recently painted inside and out. It sits on a large 11,326 sq. ft. premium private southwest facing lot and was built by Ponderosa Homes which has a reputation for building superior residences. This real estate value boasts a popular great room floor plan consisting of 2,361 sq. ft. of living space that highlights 2 master bedroom suites and a 3rd bedroom conversion to a large den that opens up to the great room. Inside you'll find beautiful and clean tile floors, slab granite countertops, recently installed LED lighting, direct drive energy star ceiling fans, custom built-ins, a wired speaker system, plantation window shutters and much more. The washer, dryer and refrigerator are all included along with the builder installed paid for solar system that is very effective for lowering electric bills. The garage is over-sized with room for 2 cars and a golf cart or storage area. The backyard has an inviting private feeling covered patio, a lap pool with pebble-tec finish and newer low maintenance Mediterranean landscaping. The low HOA fee includes cable with HBO, gated entry and high-speed internet. The neighborhood's proximity is centrally located to medical facilities, the I-10 freeway, casinos, events, plus all the dining and shopping you could ask for!
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| May 18, 2020 | Sold | ||
| Sold | |||
| Jan 21, 2020 | Listed by Bennion Deville Homes | $544,000 | |
| Listed by Bennion Deville Homes | |||
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Former Model Home at The Gallery in Palm Desert! This highly upgraded home built by Ponderosa Homes is 2,361 square feet and has 2 Master Bedroom Suites, the 3rd bedroom has been converted to a large office with frosted glass doors. This is a very popular Great Room Floorplan, and is situated on a premium lot. Inside you'll find beautiful tile floors, slab granite countertops, custom built-ins, speaker system, shutters and much more. The backyard has an inviting covered patio, pebble finish lap pool, and low maintenance desert landscaping. There is an oversized garage with room for 2 cars and a golf cart. Builder installed Solar System to help out with those electric bills. This home feels like it's still a model home, and shows true pride of ownership!
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017