$550,000
●
House -
Off Market
50045 Mountain Shadows Road
La Quinta, CA 92253
3 Beds
3 Baths
3,105 Ft²
$1,082,871
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model
About This Property
Ministrelli custom home in upscale Painted Cove offered furnished.
This 3 bedroom 3 bathroom home, plus office, with an open floor
plan is perfect for indoor and outdoor entertaining. The large
kitchen area, with granite counter tops, maple cabinets and center
island, has amazing mountain views. Other features include marble
tiles, custom window coverings, a speaker system with surround
sound 3 car garage, large enough for a full size truck, plus a
separate RV garage that is 40 foot long, part of which is used as
an office. Enjoy outdoor living in the private backyard featuring
retractable awnings, pool, spa and a built in barbecue. South west
views of the Santa Rosa Mountains. The Low HOA fees include a large
dog park. Painted Cove is close to incredible hiking and biking
trails plus all of the shopping and dining in charming Old Town La
Quinta. Painted Cove also has golf cart access to The Citrus C.C.
and memberships are available. This home has been priced to sell.
Unit Size
3,105 Ft²
Days on Market
30 days
Land Size
0.31 acres
Price per sqft
$193
Property Type
House
Property Taxes
-
HOA Dues
$221
Year Built
1998
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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 #215008286DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2015 | Sold | ||
| Sold | |||
| Mar 11, 2015 | Listed by Coldwell Banker Realty | $599,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About La Quinta
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: The Yeoman Group, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 215008286DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 215008286DA
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