Listed by: John Gonnello, HomeSmart
$509,000
●
House -
Off Market
36586 Monarch
Palm Desert, CA 92211
2 Beds
2 Baths
1,664 Ft²
$2,917
Est. Monthly
$417
HOA / Fees
6.80%
Cap Rate
About This Property
Popular ST. MAARTEN Model In A Great Location Convenient To All 3
Clubhouses. Located On A Quiet Oversized Interior Corner Lot W/
Mountain Views, This Great Room Plan Is Light & Airy W/ Neutral
Colors & An Open Look & Feel. Features Include Custom Paint;
Upgraded Custom Tile Flooring In Entry, Halls, Kitchen, Living
Room, Den, And Bathrooms; Upgraded Carpet In Bedrooms; Upgraded
Cabinets In Kitchen, Baths, Hall And Laundry; Custom Plantation
Shutters; Electronic Air Filter; 6-Panel Doors; Ceiling Fans; And
Cultured Marble Shower Surrounds And Counters In Both Bathrooms.
The Island Kitchen Has Corian Counters And Breakfast Bar,
Maple Cabinets, Upgraded Appliances, & Water Purification System.
Private Backyard W/ An Entertainment-Sized Patio Incl. A Covered
Patio Area, Low Maintenance Mature Landscape, An Extended Driveway,
New A/C Unit & Added walkway to the rear yard.
Unit Size
1,664 Ft²
Days on Market
60 days
Land Size
0.16 acres
Price per sqft
$306
Property Type
House
Property Taxes
-
HOA Dues
$417
Year Built
1999
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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: 2 years ago (CRMLS #219119335DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Nov 4, 2024 | Listed by HomeSmart | $509,000 | |
| Listed by HomeSmart | |||
| May 15, 2017 | Sold | ||
| Sold | |||
| Sep 11, 2016 | Listed by West Coast Homes | $299,900 | |
| Listed by West Coast Homes | |||
| | |||
|
Beautifully maintained St.Maarten Model, corner property facing west. Home has gourmet,island kitchen,open floor plan, separated bedrooms, 3rd bedroom used as office/den. Great covered patio and yard and low water, designer planted landscaping.NEW LOW PRICE!!!!
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Desert Palms
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Listed by: John Gonnello, HomeSmart
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219119335DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219119335DA
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