$795,000
●
House -
Off Market
38260 Dorn Drive
Cathedral City, CA 92234
3 Beds
2 Baths
2,004 Ft²
$821,960
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
PANORAMIC VIEWS!!! Nestled away in the stunning Cathedral City
Cove, this beautiful home has 360 degrees of stunning mountain
views. Situated on a very private elevated lot this 3 bedroom 2
bath home has 2004 expansive square feet of open living space, a
large kitchen, dining area, tile in the common areas. The backyard
boasts and beautiful updated salt water swimming pool & spa, RV
parking & 30 amp hookups and stunning mountain views. NO
ASSESSMENTS DUE! This is one of the very few Cove homes that is
connected to sewer and was paid in full at the time of connection.
It also has a fully paid for Solar System that currently covers the
owners full time usage of the home! This home has been meticulously
maintained by the owner for decades. You will not be disappointed.
Unit Size
2,004 Ft²
Days on Market
91 days
Land Size
0.27 acres
Price per sqft
$397
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965
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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: 7 months ago (CRMLS #219078120DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2022 | Sold | ||
| Sold | |||
| May 2, 2022 | Listed by Windermere Homes & Estates | $795,000 | |
| Listed by Windermere Homes & Estates | |||
| | |||
|
PANORAMIC VIEWS!!! Nestled away in the stunning Cathedral City Cove, this beautiful home has 360 degrees of stunning mountain views. Situated on a very private elevated lot this 3 bedroom 2 bath home has 2004 expansive square feet of open living space, a large kitchen, dining area, tile in the common areas. The backyard boasts and beautiful updated salt water swimming pool & spa, RV parking & 30 amp hookups and stunning mountain views. NO ASSESSMENTS DUE! This is one of the very few Cove homes that is connected to sewer and was paid in full at the time of connection. It also has a fully paid for Solar System that currently covers the owners full time usage of the home! This home has been meticulously maintained by the owner for decades. You will not be disappointed.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Available
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cathedral City
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Listed by: Thomas Sinclair, Windermere Homes & Estates
Last Updated: 7 months ago
Data Source: CRMLS, MLS# 219078120DA
Last Updated: 7 months ago
Data Source: CRMLS, MLS# 219078120DA
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