Listed by: Cory Alan, eXp Realty of California, Inc
$428,000
●
House -
Off Market
47808 Endless Sky
La Quinta, CA 92253
3 Beds
2 Baths
1,348 Ft²
$442,515
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
BRIGHT OPEN GREAT ROOM overlooks to green-belt! Sought after 55+
gated community at Watercolors. Larger stand-alone 3 bedroom 2 bath
home has been completely updated, with quartz counter tops, Vinyl
plank flooring throughout, designer paint, ceiling fans,
contemporary lighting, plantation shutters and newer central a/c.
High ceilings in the great room, fireplace, kitchen counter-bar,
and glass slider to the private patio with gas BBQ. 3rd Bedroom
offers double door entry for perfect den/office. Indoor
laundry closet and extra storage cabinets along hall. Community
clubhouse with pool, spa, mountain views, game room and kitchen.
Watercolors is an income qualified community offering low HOA and
IID utilities. This home carries a $48,000 silent second with the
La Quinta Housing Authority and you must meet the moderate income
requirements. Call for details. Purchase price is $428,000
including silent second loan amount which can reduce required down
payment. ($428,000-$48,000 = $380,000) Living in a gated community
in prime central La Quinta for under $400,000 is incredible
opportunity.
Unit Size
1,348 Ft²
Days on Market
83 days
Land Size
0.09 acres
Price per sqft
$318
Property Type
House
Property Taxes
-
HOA Dues
$184
Year Built
2006
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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 #219080107PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2022 | Sold | ||
| Sold | |||
| Jun 9, 2022 | Listed by eXp Realty of California, Inc | $428,000 | |
| Listed by eXp Realty of California, Inc | |||
| Aug 31, 2019 | No longer available | - | |
| No longer available | |||
| Jul 8, 2019 | Price Decreased |
$284,500
↓ $3K
(1%) | |
| Price Decreased | |||
| Jun 7, 2019 | Price Decreased |
$287,500
↓ $5K
(1.5%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Santa Rosa
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Listed by: Cory Alan, eXp Realty of California, Inc
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219080107PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219080107PS
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