Listed by: Bruce Robertson, HK Lane Real Estate
$269,000
●
House -
Off Market
47865 Dancing Butterfly
La Quinta, CA 92253
3 Beds
2 Baths
1,337 Ft²
$361,784
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model
About This Property
Beautiful newer single family home located in the desirable
community of Watercolors. Watercolors is a 55+ gated community
located centrally in La Quinta. This gorgeous 3 BR 2 BA has one of
the largest floor plans in the community and is located on a
private cul-de-sac. Upgrades include ceiling fans throughout, newer
kitchen appliances, wrap around patio with awning, and warm neutral
colors throughout.This model features a separate laundry room by
entrance to garage. This home has it all! Thank you for
showing..Watercolors is a product of La Quinta Redevelopment Agency
with income restrictions for buyers. One person $37,551 to max of
$54,600. Two people $42,901 to max of $62,400. Total sales price
$298,000 with city assistance of $103,000 - Buyer pays $195,000.
Buyer to qualify for total $298,000.
Unit Size
1,337 Ft²
Days on Market
83 days
Land Size
0.08 acres
Price per sqft
$146
Property Type
House
Property Taxes
-
HOA Dues
$151
Year Built
2007
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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: 2 years ago (CRMLS #214013965DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2014 | Sold | ||
| Sold | |||
| Apr 8, 2014 | Listed by HK Lane Real Estate | $195,000 | |
| Listed by HK Lane Real Estate | |||
Property Highlights
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: Bruce Robertson, HK Lane Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214013965DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214013965DA
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