Listed by: Lori Ebeling, Coldwell Banker Realty
$278,000
●
House -
Off Market
40312 Sagewood Drive
Palm Desert, CA 92260
3 Beds
2 Baths
1,824 Ft²
$530,700
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model
About This Property
Location, Location, Location. 3 bedroom 2 bath home across from
pool, spa, tennis courts, greenbelt & basketball court with SUPER
low HOA's! Kitchen & all bathrooms have been totally remodeled,
this is move in ready today! The kitchen is open to the family room
& the family room opens to the living room giving a great room
appeal. The low HOA's make this home very affordable & the home
falls within the very popular Desert Sands Unified School District
boundaries. A perfect full or part time residence or rental
opportunity! Large master suite with updated bathroom, large
walk-in closet & sliding glass doors to the backyard. Sagewood is a
popular community in a central Palm Desert location south of
Country Club Dr. and is just around the corner from Bristol Farms,
Starbucks, within walking distance to several restaurants. This
super location is also near the famous shops on El Paseo, McCallum
theatre, College of the desert, street fair & park.
Unit Size
1,824 Ft²
Days on Market
127 days
Land Size
0.19 acres
Price per sqft
$173
Property Type
House
Property Taxes
-
HOA Dues
$95
Year Built
1981
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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 #216022068DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2016 | Sold | ||
| Sold | |||
| Jul 26, 2016 | Listed by Coldwell Banker Realty | $315,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Palm Desert
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Listed by: Lori Ebeling, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216022068DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216022068DA
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