48601 Valley View Drive
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2021 | Sold | ||
| Sold | |||
| Aug 6, 2021 | Listed by Desert Sotheby's International Realty | $1,199,000 | |
| Listed by Desert Sotheby's International Realty | |||
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Welcome to the Summit, located in the highly sought after area of South Palm Desert. This property is only minutes away from El Paseo shopping district, golf courses, hiking trails, the Living Desert Zoo and some of the best restaurants in the Valley! This remodeled 3 bed/3 bath 3200 sf home sits on an oversized 12,197 sf. lot and boasts nice and tall vaulted ceilings throughout, offering a ton of natural lighting and a great open floor plan. Features include: all oversized bedrooms, a gourmet kitchen with custom cabinets which have been completely refaced, all new kitchen appliances, as well as an entertainers wet bar in the living room. All brand new tile has recently been installed throughout. Kitchen has been completely upgraded and refaced. All three bathrooms have been remodeled as well as a free standing tub addition in the primary bathroom. Brand new carpet was installed in the bedrooms. The Desert landscaping offers minimal maintenance for those who want to just lock up an leave. Offered furnished! Open houses today and tomorrow. See you there!
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| Jul 28, 2021 | No longer available | - | |
| No longer available | |||
| Jul 9, 2021 | Price Decreased |
$1,350,000
↓ $45K
(3.2%) | |
| Price Decreased | |||
| Jun 27, 2021 | Listed by HomeSmart Professionals | $1,395,000 | |
| Listed by HomeSmart Professionals | |||
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Finally! A home that has been completely remodeled with upgraded contemporary features but still feels comfortably inviting. The home is being offered fully furnished and is conveniently located in the quiet, highly sought-after neighborhood of The Summit, in South Palm Desert just minutes up the hill from El Paseo. The home boasts a 3 car garage, a large sparkling pool and spa, and an oversized private patio where you and your guests will enjoy many tranquil days laying by the pool sipping cool beverages. Entertain your guests Al fresco on the patio, while gazing at the beautiful Santa Rosa mountains. It is ready now for you to move right in and start enjoying the desert life. Don't hesitate too long on this one! The manager has listed the unit size as 3204 square feet.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017