Listed by: Jacob Alexander, Nelson Shelton & Associates
$530,000
●
House -
Off Market
40208 Sagewood Drive
Palm Desert, CA 92260
3 Beds
2 Baths
1,824 Ft²
$2,870
Est. Monthly
$120
HOA / Fees
13.67%
Cap Rate
About This Property
Welcome to 40208 Sagewood Dr, a stunningly REMODELED 3-bedroom,
2-bathroom home located in the desirable Sagewood community of Palm
Desert. This home is in beautiful, move-in condition and has been
thoughtfully updated with modern finishes throughout. Step inside
to discover a brand-new kitchen complete with sleek appliances,
stylish cabinetry, and elegant countertops. The open floor plan is
enhanced by new flooring that flows seamlessly from room to room,
creating a warm and inviting atmosphere. The kitchen has been
remodeled with new cabinetry, new appliances, and modern
finishings. Both bathrooms have been upgraded with new toilets and
contemporary fixtures, adding to the home's fresh appeal. Every
inch of the interior has been revitalized with new paint, providing
a clean and modern canvas for your personal touch. The exterior is
equally impressive, featuring a NEWLY landscaped yard with fresh
grass, gravel, and a variety of new plants that create a serene
outdoor space perfect for relaxation or entertaining. Don't miss
this opportunity to own a beautifully updated home in one of Palm
Desert's most sought-after communities!
Unit Size
1,824 Ft²
Days on Market
72 days
Land Size
0.19 acres
Price per sqft
$307
Property Type
House
Property Taxes
-
HOA Dues
$120
Year Built
1982
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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 #24426883)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | Price Decreased |
$560,000
↓ $25K
(4.3%) | |
| Price Decreased | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $585,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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: Jacob Alexander, Nelson Shelton & Associates
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 24426883
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 24426883
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