Listed by: Lisa Putnam, Double Eagle Real Estate, Inc.
$1,500,000
●
House -
Off Market
49537 Avenida Montero
La Quinta, CA 92253
3 Beds
4 Baths,
1
Half Bath
3,689 Ft²
$1,769,274
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
This Stunning Spanish Hacienda is located on the fourth fairway of
the historic La Quinta County Club nestled underneath the majestic
Santa Rosa Mountains. Owner has lovingly updated it to maintain its
authenticity but with modern quality features: All new
kitchen cabinetry, dual sinks, 2 dishwashers, Thermador gas AND
electric stove, quartz countertops, and massive island make this
kitchen inviting to all who gather. Vaulted ceilings, arched
doorways, new windows and doors throughout, new Saltillo tile
flooring, brand new back patio with lifted roof line to take in the
views of the golf course and gorgeous mountains. Spacious private
front courtyard with pool and spa, with plenty of room for
entertaining, accessible from kitchen and master bedroom. Custom
lighting and fixtures. New garage door and shiny garage flooring.
Furnished! All this and only minutes away from Old Town La Quinta
and the La Quinta Resort. You'll love this home when you see it and
it won't last long!
Unit Size
3,689 Ft²
Days on Market
61 days
Land Size
0.26 acres
Price per sqft
$474
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979
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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 #219077644DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2022 | Sold | ||
| Sold | |||
| Apr 22, 2022 | Listed by Double Eagle Real Estate, Inc. | $1,749,000 | |
| Listed by Double Eagle Real Estate, Inc. | |||
| Jul 14, 2019 | No longer available | - | |
| No longer available | |||
| Apr 24, 2019 | Listed | $749,000 | |
| Listed | |||
| | |||
|
Beautifully authentic Spanish Hacienda at Montero Estates. Located on the #4 fairway of La Quinta CC, this property offers magnificant views of the golf course with a dramatic mountain backdrop. Featuring 3689 sq. ft. the home offers 3 bedrooms with en-suite office! There are 3.5 baths all with beautiful imported Mexican tile. Big bedrooms - double walk-in closets in the huge master suite. The great room is spacious with a fireplace, vaulted ceiling and clerestory windows. Adjacent is the kitchen with granite topped center island and near formal dining room. Arches, white plaster, dark wood, colorful beauganvilla, Mexican pavers all weave together to sooth the senses and please the eye. Gated and walled front courtyard with a pebble tech pool and spa for ultimate privacy. Large patio on golf course side - perfect for sipping your favorite libation as the desert sun provides glorious sunsets over the mountains. NO HOA'S for this home in the gated Montero Estates. Impressive indeed! The manager has listed the unit size as 3689 square feet.
| |||
| Jul 7, 2015 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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HOA + Taxes
About La Quinta Golf Estates
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Listed by: Lisa Putnam, Double Eagle Real Estate, Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219077644DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219077644DA
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