Listed by: David Kibbey, Desert Sotheby's International Realty
$400,000
●
House -
Off Market
40588 Clover Lane
Palm Desert, CA 92260
3 Beds
3 Baths,
1
Half Bath
2,000 Ft²
$724,255
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model
About This Property
Opportunity - Located on a quiet cul-de-sac in the heart of Palm
Desert sits this charming 3 bedroom/2.5 bath pool home. Beautifully
upgraded, open flowing floor plan with hardwood like ceramic tile
floors throughout, recessed lighting, floor to ceiling fireplace,
beautifully upgraded kitchen with granite counters, upgraded
appliances and hardware. Den / Family room open to kitchen with
direct pool and yard access. Gorgeous master suite w/ remodeled
bath; restoration hardware & carrera marble, custom mirrors, and
large walk-in closet open to a backyard oasis. Opposite side of the
house two guest bedrooms located down the hallway with upgraded
bath, and an upgraded powder off the main living area. The front
yard features beautiful desert landscaping and a private courtyard
with mountain views. The backyard oasis is complete with a
sparkling pool, spa, built-in BBQ, covered patio and artificial
turf. Low maintenance landscaping and NO HOA's
Unit Size
2,000 Ft²
Days on Market
68 days
Land Size
0.19 acres
Price per sqft
$215
Property Type
House
Property Taxes
-
HOA Dues
-
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: 2 years ago (CRMLS #216021764DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2016 | Sold | ||
| Sold | |||
| Jul 23, 2016 | Listed by Desert Sotheby's International Realty | $429,000 | |
| Listed by Desert Sotheby's International Realty | |||
| Sep 10, 2013 | Sold | ||
| Sold | |||
| Jun 28, 2013 | Listed by Bennion Deville Homes | $399,900 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Location, Location Location!!!! Seller says... Bring an Offer!!!! Rarely available in the heart of Palm Desert you'll find this absolutely charming 3 bedroom/2.5 bath home offered TURNKEY! Seller will sell unfurnished at your request!!!! Upon entry experience a delightful courtyard with mountain views waiting for you to relax and enjoy! A wonderful open and updated floor plan, extends to a large covered patio with sparkling pool and spa, perfect for indoor/outdoor living! A low maintenance yard and NO HOAs!
| |||
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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About Palm Desert
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Listed by: David Kibbey, Desert Sotheby's International Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216021764DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216021764DA
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