Listed by: Linda Rakipi Locklear, The Locklear Group
$425,000
●
House -
Off Market
47745 Dancing Butterfly
La Quinta, CA 92253
3 Beds
2 Baths
1,337 Ft²
$2,323
Est. Monthly
$236
HOA / Fees
16.11%
Cap Rate
About This Property
This Open & Bright 3 Bedroom, 1.75 Bath home is located in
the much desired gated 55+ development of Watercolors, featuring
high ceilings, an open great room floor plan with a cozy fireplace,
spacious kitchen with a breakfast bar . Slider in great room has
access to oversized patio perfect for indoor/outdoor entertaining
or simply relaxing and enjoying the blue skies. Newer features
include the HVAC,Hotwater Heater and Garage Door Opener.
Watercolors is a 55+ age and income qualified community offering
low maintenance living, community pool & spa and a clubhouse.
Conveniently located near shopping and dining. Total purchase price
including silent second is $425,000 ($322,000 + $103,000 =
$425,000). The minimum down payment is 3% of total purchase price
unless using a VA loan. Great price for living in La Quinta, the
fabulous Gem of the Desert. NO Rentals & NO cash purchases.
INCOME LIMITS, 1 person 57,401-81,900, 2 people 65,601-93,600 3
people 73,801 to 105,300 4 people 82,001 to 117,000.
Unit Size
1,337 Ft²
Days on Market
75 days
Land Size
0.08 acres
Price per sqft
$318
Property Type
House
Property Taxes
-
HOA Dues
$236
Year Built
2007
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Cap Rate Calculator
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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 #219114615DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Sep 15, 2024 | Price Increased |
$425,000
↑ $103K
(32%) | |
| Price Increased | |||
| Jul 26, 2024 | Listed by The Locklear Group | $322,000 | |
| Listed by The Locklear Group | |||
Property Highlights
Garage
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 Santa Rosa
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Listed by: Linda Rakipi Locklear, The Locklear Group
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219114615DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219114615DA
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