Listed by: Susie Moore, Bennion Deville Homes
$379,000
●
House -
Off Market
40748 Terraza Drive
Palm Desert, CA 92260
3 Beds
2 Baths
1,900 Ft²
$639,843
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model
About This Property
Beautifully maintained Sonata 2 home boasting 1900 sq. ft. in one
of the most popular and centrally located neighborhoods in Palm
Desert. Oversized, pie-shaped lot with mature, lush landscaping
including lemon and grapefruit trees, sparkling pool and spa with
newer pump, plus large side yard. High ceilings, great room design,
spacious master suite, cook's kitchen with center island and large
kitchen nook. Dual A/C (also cools garage) plus solar equals super
low electric bills that are approx. $10 per month.
Unit Size
1,900 Ft²
Days on Market
84 days
Land Size
0.20 acres
Price per sqft
$199
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: 2 years ago (CRMLS #216018594DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2016 | Sold | ||
| Sold | |||
| Jun 16, 2016 | Listed by Bennion Deville Homes | $379,000 | |
| Listed by Bennion Deville Homes | |||
| Jul 6, 2015 | Sold | ||
| Sold | |||
| Feb 19, 2015 | Listed by Bennion Deville Homes | $379,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Lovely Sonata 2 home of 1900 sq.ft in highly desired neighborhood. Owners have loved this home for 15 years. Pie-shaped lot with large sweeping front lawn and larger than normal backyard, lovingly planted with a tropical air and beautiful swimming pool with spa and new pump. 3BR.2 full BA. Nice high ceilings. Very Spacious Master suite, large walk in closet and access to the yard. Large eat-in kitchen with island and plentiful cupboard space. Home comes with solar, electric bill is only about $1 monthly. Dual a/c is newer and also cools the garage!
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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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About Palm Desert
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Listed by: Susie Moore, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216018594DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216018594DA
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