$685,000
●
House -
Off Market
40695 Carter Lane
Bermuda Dunes, CA 92203
5 Beds
4 Baths,
1
Half Bath
3,865 Ft²
$1,065,019
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model
About This Property
This is a rare opportunity to own a private estate on 2.35 acres of
land zoned for equestrian use. Enter through the private security
gate to find this sprawling Adobe style home. This home is nearly
3,900 square feet with 5 bedrooms and a media room that can easily
be converted to a 6th bedroom. The eat-in kitchen is upgraded with
custom cabinetry, slab granite countertops, and a true walk-in
pantry. The master bedroom features 3 closets and an en suite
bathroom with a walk-in tiled shower, jet tub, double sinks, and
vanity. Two of the bedrooms also have en suite bathrooms and
walk-in closets. This home has a formal dining space with adjacent
bar that is perfect for entertaining. The front yard is gated for
equestrian use and the backyard offers the finest in desert outdoor
living with an oversized covered patio with built-in barbecue, gas
fire pit, and incredibly large pool and spa. This property is on
flat land so the possibilities are truly endless.
Unit Size
3,865 Ft²
Days on Market
48 days
Land Size
2.35 acres
Price per sqft
$175
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1983
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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 #217031856DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 3, 2018 | Sold | ||
| Sold | |||
| Oct 30, 2017 | Listed by Keller Williams Realty | $675,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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 Bermuda Dunes
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Serena Leiterman, Keller Williams Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 217031856DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 217031856DA
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