$547,400
●
House -
Off Market
40660 Terraza Drive
Palm Desert, CA 92260
4 Beds
3 Baths
2,300 Ft²
$786,363
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
The Perfect Home Awaits You & Entertainers Dream! Welcome to the
The Hovley Collection ~ The Mozart Plan. This Home has it all....
'Extremely' well cared for. Custom leaded glass double front doors.
Brand new; paint, custom door moldings and 6'& 7' baseboards,
custom built-in cabinetry and newer carpet. 18 X 18 tile flooring.
Mosaic tiled entryway. Brand new windows; kitchen, family room & 2
in the front of the house. Remodeled kitchen; granite slab
counters, Kohler kitchen sink, stainless steel faucet, all Kitchen
Aid appliances with 6 gas burners cook top, under cabinet lighting.
Dry bar. Remodeled master bathroom; granite slab counters, expanded
custom huge shower with pebble floor. Enormous walk-in closet.
Window shutters throughout. Pre-wired alarm and motion. Exterior:
brand new; paint, black window awnings and 3-car garage doors.
Private gated courtyard. Stunning manicured landscaping. Newer pool
pump. Mountain views. Extremely quiet, interior location. Centrally
located, minutes to El Paseo Shopping/Dining/McCallum
Theatre/Desert Willow Golf Close. Close to top-rated schools with
high API ratings. NO HOA DUES. (ok short term rentals, verify with
city
Unit Size
2,300 Ft²
Days on Market
77 days
Land Size
0.18 acres
Price per sqft
$239
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1999
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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: 4 months ago (CRMLS #219036550DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2023 | Sold | ||
| Sold | |||
| Sep 7, 2022 | Listed by Keller Williams Luxury Homes | $795,000 | |
| Listed by Keller Williams Luxury Homes | |||
| | |||
|
PRISTINE is the first word that comes to mind as you walk into this lovely four bedroom, three bathroom single-family home. Impress your family and friends as you entertain in style and grace in your formal living room and dining room; family room off an enormous cook's-kitchen; and the resort-style backyard with covered patio and an in-ground pool and spa that were recently upgraded to an advanced salient system operated by a smart phone Hayward application. Out to dinner and want to enjoy a soak by the time you get home? Easy! Just dial that into your app! Enjoy warm summer nights and long winter days on this gorgeous playground. It truly is a massive extension of your living space with unparalleled appeal. It embodies our envied desert lifestyle!Pride of ownership shows in every detail from high-end decorator light switches to newer dual-system air-conditioning units. Enjoy tending your estate-level manicured front, side, and rear yards or keep the dedicated gardener who has maintained them for years. Bring your toothbrush and come call this slice of paradise home today!
| |||
| Mar 27, 2020 | Sold | ||
| Sold | |||
| Jan 10, 2020 | Listed by Desert Sands Realty | $549,900 | |
| Listed by Desert Sands Realty | |||
| | |||
|
The Perfect Home Awaits You & Entertainers Dream! Welcome to the The Hovley Collection ~ The Mozart Plan. This Home has it all.... 'Extremely' well cared for. Custom leaded glass double front doors. Brand new; paint, custom door moldings and 6'& 7' baseboards, custom built-in cabinetry and newer carpet. 18 X 18 tile flooring. Mosaic tiled entryway. Brand new windows; kitchen, family room & 2 in the front of the house. Remodeled kitchen; granite slab counters, Kohler kitchen sink, stainless steel faucet, all Kitchen Aid appliances with 6 gas burners cook top, under cabinet lighting. Dry bar. Remodeled master bathroom; granite slab counters, expanded custom huge shower with pebble floor. Enormous walk-in closet. Window shutters throughout. Pre-wired alarm and motion. Exterior: brand new; paint, black window awnings and 3-car garage doors. Private gated courtyard. Stunning manicured landscaping. Newer pool pump. Mountain views. Extremely quiet, interior location. Centrally located, minutes to El Paseo Shopping/Dining/McCallum Theatre/Desert Willow Golf Close. Close to top-rated schools with high API ratings. NO HOA DUES. (ok short term rentals, verify with city
| |||
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
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palm Desert
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$6,500 /mo
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Listed by: Tiffany Fairfield-Ecklund, Desert Sands Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219036550DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219036550DA
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