$515,000
●
House -
Off Market
48662 Orchard Drive
Indio, CA 92201
4 Beds
3 Baths
3,422 Ft²
$1,068,926
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model
About This Property
The Orchard - Gorgeous pool home with 4 car garage on huge lot.
Dramatic entry with open staircase. Main floor features great room
opening onto cook's kitchen with island and pantry, formal dining
room and playroom or den, plus bedroom with full bath. The entry
with cathedral ceilings features a open wood staircase to a bonus
room for computers, relaxing, or office, plus 3 more bedrooms and 2
baths and an upstairs laundry room. The master suite is fabulous
with 2 large walk in closets, large soaking tub and separate
shower, dual vanities, outside deck with panoramic views. The lush
backyard features a large and amazing pool and spa, built in BBQ,
and firepit too. This wonderful home is priced to sell now. Call
for your private showing.
Unit Size
3,422 Ft²
Days on Market
89 days
Land Size
0.31 acres
Price per sqft
$160
Property Type
House
Property Taxes
-
HOA Dues
$150
Year Built
2005
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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 #21477182DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2023 | No longer available | - | |
| No longer available | |||
| Aug 26, 2023 | In contract | - | |
| In contract | |||
| Aug 6, 2023 | Price Decreased |
$1,400,000
↓ $199K
(12.5%) | |
| Price Decreased | |||
| Jul 16, 2023 | Price Decreased |
$1,599,000
↓ $51K
(3.1%) | |
| Price Decreased | |||
| Jun 27, 2023 | Listed by Sinclair Real Estate | $1,650,000 | |
| Listed by Sinclair Real Estate | |||
| | |||
|
SELLER SAYS BRING AN OFFER! Property made $42,000 Gross in the month of April ALONE! Monthly rents over $10k possible for seasonal rentals within the neighborhood. 1031 Exchange situation, Need this SOLD! Highly upgraded property. Contemporary, Luxury & Class Collide into one, and present this stunning estate like home. 6 large bedrooms, 3 baths, a work station, private office, 4 car garage and a MASSIVE driveway offer plenty of room for individuals & affluence! Steps away from the POLO fields this home's uniqueness is beyond the gates of this private community. The Orchard HOA allows rentals for Festival weekends where you can rake in the bucks and partially pay for your home annually. The established greenery towers over the immaculate backyard providing the ultimate privacy. Entertain like a movie star with the extra large swimming pool, spa, BBQ island & putting green. The low maintenance turf looks fantastic year round with very little maintenance. This home is available with furnishings (Some exceptions apply). The manager has listed the unit size as 3422 square feet.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indio
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Listed by: Lori Bowers, The Lori Bowers Group
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21477182DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21477182DA
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