Listed by: Margaret Biello, Prime Properties of The Desert
$305,000
●
House -
Off Market
39835 Saint Michael Place
Palm Desert, CA 92211
3 Beds
3 Baths,
1
Half Bath
2,115 Ft²
$597,938
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model
About This Property
Just reduced! This is a great home in a lovely gated community.
This home offers an open and flowing 3 bedroom 2.5 bath floor plan
with fireplace in the living room. The eat-in kitchen is sunny and
bright and open to the family room. The master bedroom is very good
size with en suite bath. This home has been freshly painted with
new carpeting. Relax by the pool in privacy of your own backyard.
There is plenty of room for sun and shade in this large yard so
don't miss this great property. Come take a look! This is a Fannie
Mae HomePath property and can be purchased for as little as 5% down
with HomePath Mortgage Financing! The home also qualifies for
HomePath Renovation Mortgage Financing.
Unit Size
2,115 Ft²
Days on Market
203 days
Land Size
0.28 acres
Price per sqft
$151
Property Type
House
Property Taxes
-
HOA Dues
$170
Year Built
1988
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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 #213001587DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2014 | Sold | ||
| Sold | |||
| Oct 23, 2013 | Listed by Prime Properties of The Desert | $319,900 | |
| Listed by Prime Properties of The Desert | |||
Property Highlights
Air Conditioning
Fireplace
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 Desert
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Listed by: Margaret Biello, Prime Properties of The Desert
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 213001587DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 213001587DA
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