Listed by: Brad Schmett, Keller Williams Luxury Homes
$487,000
●
House -
Off Market
45575 Toro Peak Road
Palm Desert, CA 92260
3 Beds
2 Baths
1,548 Ft²
$868,532
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model
About This Property
A mid-century modern masterpiece in South Palm Desert! From
steel-clad fascia enhancing the long, low architectural lines of
this thoughtfully remodeled 3 BR/2BA home to private resort-like
grounds, this property exudes style. The interior features an
open-concept living room and dining area w/pool view, remodeled
kitchen w/stainless steel appliances, Caesarstone counter tops/bar.
The bedroom wing offers a large master retreat w/pool access and
adjoining remodeled en suite bathroom w/dual sinks. There are 2
additional bedrooms & a remodeled 2nd bathroom. The exterior enjoys
lush landscaping w/heated pool & outdoor dining area, custom
designed concrete front walkways, and 14 mature palm trees. A Bryce
Parker automatic door encloses a 2-car garage. Back inside, cool
terrazzo floors, low pile carpets, custom window treatments,
contemporary light fixtures, Euro kitchen cabinets & more
complement this home's glamorous ambience. It is sited on a large
corner lot minutes away from El Paseo.
Unit Size
1,548 Ft²
Days on Market
80 days
Land Size
0.28 acres
Price per sqft
$322
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
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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 #215036686DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2016 | Sold | ||
| Sold | |||
| Jan 8, 2016 | Listed by Keller Williams Luxury Homes | $499,000 | |
| Listed by Keller Williams Luxury Homes | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Shadow Hills Estates
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Listed by: Brad Schmett, Keller Williams Luxury Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 215036686DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 215036686DA
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