Listed by: Ahu Kocaballi, eXp Realty of California, Inc.
$680,000
●
House -
Off Market
40860 Avenida Estrada
Palm Desert, CA 92260
3 Beds
3 Baths,
1
Half Bath
2,014 Ft²
$3,384
Est. Monthly
About This Property
Welcome to your dream oasis in the heart of Palm Desert! This over
2000 square feet, 3 bedroom and a den house has been extensively
renovated top to bottom in 2024 .The kitchen features brand new
cabinets, quartz countertops, and all-new stainless steel
appliances. Revel in the open concept design connecting the kitchen
to the living room and breakfast nook, offering a seamless flow for
entertaining or relaxing. Vaulted ceilings accentuate the
spaciousness, while a three-sided fireplace adds warmth and
ambiance. Walk through the double doors to the grand primary suite
with a lavish bathroom featuring dual sinks and a sprawling 10-foot
shower. The den area next to the kitchen can be utilized as a
formal dining room or an office. Natural light floods the guest
bathroom, complete with a skylight and expansive mirror. Plus, skip
the pool maintenance and unwind in the brand new spa hot tub. Brand
new HVAC. With a prime location near Monterey and the Hovley
corridor, this home epitomizes desert luxury living. Don't miss
your chance to call it yours! This is an amazing deal right under
$700,000 in the central Palm Desert.
Unit Size
2,014 Ft²
Days on Market
54 days
Land Size
0.19 acres
Price per sqft
$342
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1993
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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 #219112634DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | Listed by eXp Realty of California, Inc. | $689,000 | |
| Listed by eXp Realty of California, Inc. | |||
| Aug 23, 2023 | No longer available | - | |
| No longer available | |||
| Aug 12, 2023 | In contract | - | |
| In contract | |||
| Jul 28, 2023 | Listed by Bennion Deville Homes | $599,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Don't miss this opportunity! Nestled in the heart of Palm Desert, The Hovley Communities are a Hidden Jewel in the Desert. Close to everything, Shopping, Dining, Entertainment, easy freeway access and NO HOA's. This home is bright with natural light and sits on a quiet cul-de-sac with East facing Backyard with Mountain Views to the South, and no pool to maintain. This can be your perfect Desert Get Away. Note: This home is priced below market because there is water damage, and is being sold as is. Seller will not make any repairs. Buyer will have opportunity to perform inspections to establish the full extent of work needed. The manager has listed the unit size as 2014 square feet.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Palm Desert
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Listed by: Ahu Kocaballi, eXp Realty of California, Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219112634DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219112634DA
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