Listed by: Antun Barbato, Desert Home Finders, Inc.
$843,176
●
House -
Off Market
396 Suave Lane
Palm Springs, CA 92262
2 Beds
3 Baths,
1
Half Bath
2,151 Ft²
$1,249,841
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model
About This Property
Located in the Brand New Sol Community. This detached home offers a
rare and wonderful opportunity to own a brand new home in the heart
of Downtown Palm Springs. Premier shopping, dining and other
first-class amenities are all very close by. This home is loaded
with upgrades including Energy Efficient LED can lighting
throughout, pool, spa and all landscaping, indoor and outdoor
fireplaces, wall to ceiling glass, stackable sliders and
spectacular views. Two Master Bedrooms with Walk in closets and
private bathrooms with large showers. There is a very cool
community dog park and the community is gated. You can bring the
outdoors in with a stacking doors in the master with its private
balcony and the bi-fold doors in the living room. There two great
floorplans available at Sol and model homes of each available to
tour every day from 10am to 5pm.
Unit Size
2,151 Ft²
Days on Market
139 days
Land Size
0.11 acres
Price per sqft
$344
Property Type
House
Property Taxes
-
HOA Dues
$122
Year Built
2016
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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 #216010090DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2016 | Sold | ||
| Sold | |||
| Mar 14, 2016 | Listed by Desert Home Finders, Inc. | $740,000 | |
| Listed by Desert Home Finders, Inc. | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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 Palm Springs
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Listed by: Antun Barbato, Desert Home Finders, Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 216010090DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 216010090DA
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