$503,000
●
House -
Off Market
48139 Newport Bridge Place
Indio, CA 92201
3 Beds
3 Baths,
1
Half Bath
2,692 Ft²
$774,949
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
Looking for the Best kept secret in the desert? Look no further!
The Bridge has been highly regarded for its immaculate grounds,
pride of ownership and very low HOA fees. This nearly new home is
certainly a step above the rest offering 3 bedrooms and an extra
large, possible 4th bedroom, office or Den. From the moment you
step into this home you will feel the wide open space combining all
living areas into one and everything focuses on the oversized lot
and lush green grass framing an extra large pool and spa complete
with arching water feature. Yes, you can swim laps in this one! It
feels more like a resort with the number of umbrella covered
seating areas, built in barbecue and extended covered patio. The
chef's dream kitchen offers ample cabinet space, extra long counter
space, extra large granite island, stainless appliances and walk in
pantry. The Master Bedroom retreat has laminate wood floors and
direct access door to the pool and spa. Offered turnkey furnished.
Unit Size
2,692 Ft²
Days on Market
61 days
Land Size
0.23 acres
Price per sqft
$188
Property Type
House
Property Taxes
-
HOA Dues
$120
Year Built
2012
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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 #218004918DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2018 | Sold | ||
| Sold | |||
| Feb 8, 2018 | Listed by HK Lane Real Estate | $505,000 | |
| Listed by HK Lane Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Indio
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Listed by: Sandi Phillips, HK Lane Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218004918DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218004918DA
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