$325,000
●
Condo -
Off Market
48983 Hope Lane
Indio, CA 92201
2 Beds
1 Bath
957 Ft²
$2,032
Est. Monthly
$436
HOA / Fees
10.56%
Cap Rate
About This Property
Adorable Indian Palms Country Club condo within walking distance to
Coachella and Stagecoach Festivals as well as world class Polo. If
you are looking for the perfect getaway, investment or full-time
property, this light, bright, open 1 bedroom plus office/den or 2nd
bedroom, 1 bath condo with vaulted ceilings, tile flooring
throughout, newer appliances, AC and water heater is just what you
are looking for. Bedroom with slider to private front courtyard,
office/den/2nd bedroom with barn door for privacy and slider to
rear patio, entertain in your rear covered patio areas with
mountain views overlooking the lush greenbelt area with gate access
and just steps away from the community pool and spa. The rear patio
area is large enough to park a golf cart. Enjoy golf or dining at
the Hanger 19 restaurant or join the Lifestyle Center and enjoy
amenities such as playing tennis, bocce ball, pickle ball or work
out in the gym or just relax by the large pool. The best of desert
living can be yours now...do not wait, this one won't last!
Unit Size
957 Ft²
Days on Market
46 days
Land Size
0.06 acres
Price per sqft
$340
Property Type
Condo
Property Taxes
-
HOA Dues
$436
Year Built
1975
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Cap Rate Calculator
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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: 6 months ago (CRMLS #219105622DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2024 | Sold | ||
| Sold | |||
| Jan 18, 2024 | Listed by Palm Shadow Realty | $325,000 | |
| Listed by Palm Shadow Realty | |||
Property Highlights
Parking Available
Air Conditioning
With View
Parking Details
Has Carport
Parking Features: Assigned, Detached Carport
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: SeparateFormalDiningRoom, BedroomOnMainLevel
Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
Flooring Type: Tile
Door Features: Sliding Doors
Laundry Features: In Kitchen
Exterior Details
Has Property Attached
Square Footage: 957
Square Footage Source: $0
Security Features: Gated Community
Architectural Style: Spanish
Year Built Source: Assessor
Year Built: 1975
Levels: One
Window Features: Blinds, Shutters
Construction Materials: Stucco
Patio and Porch Features: Covered, Concrete
Pool Features: Community, In Ground
Pool is Private
Lot Features: Greenbelt, Landscaped, Level, DripIrrigationBubblers, PlannedUnitDevelopment
Lot Size Area: 2614
Lot Size Units: Square Feet
Lot Size Acres: 0.06
Lot Size Square Feet: 2614
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Amenities: Sport Court, Maintenance Grounds, Management, Security, Tennis Court(s), BocceCourt, ControlledAccess
HOA Fee: $390
HOA Fee Frequency: Monthly
Condo/Coop Fee: $46
Condo/Coop Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/18/2024
| |
2 Bed
|
1 Bath
|
957 ft²
|
$325,000
2 Bed
1 Bath
957 ft²
|
$325,000
03/05/2024
|
Traci Moniot
Palm Shadow Realty
|
Building Info
About Indio
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Listed by: Traci Moniot, Palm Shadow Realty
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 219105622DA
Last Updated: 6 months ago
Data Source: CRMLS, MLS# 219105622DA
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