$325,000
●
House -
Off Market
40897 Schafer Place
Palm Desert, CA 92211
3 Beds
1 Bath
1,505 Ft²
$470,474
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
IMPECCABLE renovated single-story home has LOW $120/mo HOA fees in
a quiet GATED community in an excellent LOCATION! Impressive CURB
APPEAL welcomes you into this approximate 1,505 sq.ft,
meticulously maintained 3 bedroom/2 bath home, which
showcases gorgeous PORCELAIN WOOD-LIKE TILE throughout ALL rooms.
Spacious kitchen boasts GRANITE counters, STAINLESS STEEL
appliances & roomy BREAKFAST NOOK. Generous living & dining areas
offer HIGH CEILINGS & attractive STACKED STONE FIREPLACE. Spacious
master retreat has WALK-IN CLOSET w/ensuite bathroom & DOUBLE
SINKS. Additional bedrooms are well-sized & can serve as a guest
room and/or office w/one room having patio access. Convenient
INSIDE LAUNDRY ROOM leads you to the 2-CAR GARAGE with lots of
STORAGE CABINETS. Plenty of space to enjoy entertaining in the
PRIVATE, COVERED rear patio with MOUNTAIN VIEWS & mature fruit
trees. Central A/C, plus energy-efficient swamp cooler. Perfectly
positioned near community pools/spas, clubhouse, billiard room &
tennis/pickleball courts, plus walking distance to nearby shopping
& dining. Located on fee land (own land) within award-winning
school system. This must-see GEM shows true pride of ownership!
Unit Size
1,505 Ft²
Days on Market
32 days
Land Size
0.10 acres
Price per sqft
$219
Property Type
House
Property Taxes
-
HOA Dues
$120
Year Built
1993
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Monthly Rental Income
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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 #219039746DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 30, 2020 | Sold | ||
| Sold | |||
| Feb 27, 2020 | Listed by HomeSmart | $329,000 | |
| Listed by HomeSmart | |||
| | |||
|
IMPECCABLE renovated single-story home has LOW $120/mo HOA fees in a quiet GATED community in an excellent LOCATION! Impressive CURB APPEAL welcomes you into this approximate 1,505 sq.ft, meticulously maintained 3 bedroom/2 bath home, which showcases gorgeous PORCELAIN WOOD-LIKE TILE throughout ALL rooms. Spacious kitchen boasts GRANITE counters, STAINLESS STEEL appliances & roomy BREAKFAST NOOK. Generous living & dining areas offer HIGH CEILINGS & attractive STACKED STONE FIREPLACE. Spacious master retreat has WALK-IN CLOSET w/ensuite bathroom & DOUBLE SINKS. Additional bedrooms are well-sized & can serve as a guest room and/or office w/one room having patio access. Convenient INSIDE LAUNDRY ROOM leads you to the 2-CAR GARAGE with lots of STORAGE CABINETS. Plenty of space to enjoy entertaining in the PRIVATE, COVERED rear patio with MOUNTAIN VIEWS & mature fruit trees. Central A/C, plus energy-efficient swamp cooler. Perfectly positioned near community pools/spas, clubhouse, billiard room & tennis/pickleball courts, plus walking distance to nearby shopping & dining. Located on fee land (own land) within award-winning school system. This must-see GEM shows true pride of ownership!
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
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 Palm Desert
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Listed by: Wendy Brenner, HomeSmart
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219039746DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219039746DA
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