1
Map
$95,000
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Land -
Off Market
48611 Palo Verde Road
Morongo Valley, CA 92256
Studio
0 Bath
$135,851
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
Presenting 5 breath taking acres with an operational well. What a
bonus! No one can build beyond this spectacular property as it is
situated at the end of the road. Beyond the property is the Sand to
Snow National Monument. The views, the privacy, the landscape and
the location are immeasurable. Once you walk on to this lot you
will come up with your own description of how fantastic it is.
There was an Airstream on one of the pads - however you have many
choices as to where to build your new home. Power pole on adjoining
property; or go fully off grid with solar.
Seller will not carry.
Seller will not carry.
Unit Size
-
Days on Market
29 days
Land Size
5.00 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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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: 4 months ago (CRMLS #JT20037693)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2023 | No longer available | - | |
| No longer available | |||
| May 17, 2022 | Listed by Coldwell Banker Roadrunner Realty | $200,000 | |
| Listed by Coldwell Banker Roadrunner Realty | |||
| | |||
|
Looking for the most picturesque setting for your desert dream home? Look no further! This 5 acre parcel has a functioning water well and offers fantastic views of Morongo Valley. At the end of the road, it borders Sand to Snow National Monument on the west side. A power pole is nearby, or you could go fully off-grid with solar and the well! There is already a graded pad, ready and waiting for your home, workshop, or barn. This is an ideal horse property, as you could ride directly into the hills for an adventure. Beautiful native plants scatter the land, including sage, hedgehog cacti and cholla, desert almond, Mojave yucca, creosote, and more. You'll be delighted by their springtime blooms! It is the perfect place to enjoy a quiet, private life, yet it's also just a short drive to Morongo Valley's shops and restaurants. Take a walk around to experience the unmatched beauty and panoramic views, then imagine the possibilities! Buyer to investigate all aspects of zoning, use, and utility availability. DO NOT GO DIRECT to see property. Showings only permitted with accepted offer.
| |||
| Mar 20, 2020 | Sold | ||
| Sold | |||
| Feb 20, 2020 | Listed by Inspire Real Estate | $95,000 | |
| Listed by Inspire Real Estate | |||
Property Highlights
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
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HOA + Taxes
About Morongo Valley
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Listed by: Allison Gaunder, Inspire Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT20037693
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT20037693
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