Listed by: Traci Sadler, HomeSmart
$540,000
●
House -
Off Market
40557 Diamondback Drive
Palm Desert, CA 92260
3 Beds
3 Baths,
1
Half Bath
2,527 Ft²
$761,215
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
SHORT TERM Air BnB style rentals ALLOWED! Furnished- Highly
desirable Hovley Estates Area! Gorgeous contemporary look and feel
w/ the popular open great room concept! Sleek white cabinets with
stainless steel appliances, grey/white granite countertops w/ full
granite backsplash paired w/ a dark grey quartz center island make
this kitchen POP! Newer IN style plank flooring throughout the
home, so No carpet to deal with. The home has a grand feeling as
you enter w/ 10 ft high coffered ceilings to the open great room.
Huge formal dining area perfect for entertaining all the holiday
parties here in our amazing desert! The master retreat is a huge
suite on the opposite side of your guest rooms w/ a sliding door
out to the pool side. My FAVORITE features of this home is ALL the
Natural Light that comes in with all the widows throughout!
This home is Light and Bright w/ gorgeous views of a
beautiful backyard that is just the right size, and easy to
maintain. Large salt water pool and spa finish off the yard
just waiting for you to come and take a swim! Whether you are
looking for a vacation home or a full time residence, Palm Desert
is the place to be!
Unit Size
2,527 Ft²
Days on Market
77 days
Land Size
0.19 acres
Price per sqft
$217
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2002
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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 #219042621DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2020 | Sold | ||
| Sold | |||
| May 7, 2020 | Listed by HomeSmart | $549,000 | |
| Listed by HomeSmart | |||
| Aug 19, 2014 | Sold | ||
| Sold | |||
| Feb 15, 2014 | Listed by Bennion Deville Homes | $427,500 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Back on Market..Immaculate Short Sale home with many upgrades in the highly desirable Hovley Estates area. From the low maintenance landscaping, stacked stone front, comfortable great room and three bedrooms this home is perfection. The 10'ft ceilings are coffered and there are shutters on all but the back of the home where there are woven wood blinds. The kitcehn features birds eye maple cabinets and granite counters, center Island and a full granite backsplash. There is a five burner gas cooktop and built in microwave/convection and gas oven. The home has a security system, sprinkler system and the home is painted in desert decorator colors. Spacious, with the highly desired great room plan, you do not want to miss this priced to sell offering. The covered patio features recessed lighting and two fans. The salt water pool and spa can be seen from the great room and has a water feature and a variable speed pool pump for huge savings on your electric bill. There are dual A/C units
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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
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HOA + Taxes
About Palm Desert
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Listed by: Traci Sadler, HomeSmart
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219042621DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219042621DA
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