Listed by: Kerry Uher, RE/MAX Desert Properties
$775,000
●
House -
Off Market
40725 Clover Lane
Palm Desert, CA 92260
3 Beds
3 Baths,
1
Half Bath
2,000 Ft²
$783,984
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Highly Desirable North Palm Desert Location!! Perfect Open Home
concept for entertaining! 3 bedrooms, 2 full baths and 1 beautiful
half bath for when you have dinner parties. Very open
throughout the house, you have the option of having two Dining
Areas or two family areas. A great sized pool that makes you feel
like you are at a resort with the lush green bushes and trees so
you don't see any neighbors Very private. Enjoy two raised garden
beds for many fresh Home Grown vegetables or can turn it into a
tanning ledge! Many many upgrades throughout the home done in the
last 5 years, flooring, counter tops, New AC and Water heater, new
low flow toilets, Shutters throughout. Done in the past 2 years new
windows, new roof ,pool equipment/filter system and heater, acid
washed pebble tech pool, new cool deck, owned security camera
system, new closet doors, new upgraded fireplace. Past 6 month
new refrigerator and gas stove that fits 4 full sized pots +
1 small pot. Come enjoy this very well maintained home that is
close to some of the best restaurants, coffee shops, grocery
stores, you name it- you've got it all!
Unit Size
2,000 Ft²
Days on Market
46 days
Land Size
0.19 acres
Price per sqft
$388
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: 3 years ago (CRMLS #219077866DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2022 | Sold | ||
| Sold | |||
| Apr 28, 2022 | Listed by RE/MAX Desert Properties | $775,000 | |
| Listed by RE/MAX Desert Properties | |||
| Aug 29, 2016 | Sold | ||
| Sold | |||
| Apr 4, 2016 | Listed by Bennion Deville Homes | $359,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Location, Location! This 3b/2b + powder room home is located within the much sought after City of Palm Desert. This home has a great open floor plan; breakfast nook off the kitchen, built in desk off the kitchen cabinets, formal dining area, separate laundry room, the living room area has a cozy fireplace and wet bar with glass shelving to display those special pieces, double attached garage with direct access, good size Pebble tech pool plus a Mountain view! Close proximity to some great amenities; Starbucks, Bristol Farms etc.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Palm Desert
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Listed by: Kerry Uher, RE/MAX Desert Properties
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219077866DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219077866DA
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