Listed by: Kathleen Galigher, California Lifestyle Realty
$975,000
●
House -
Off Market
50580 Cypress Point Drive
La Quinta, CA 92253
3 Beds
3 Baths
2,349 Ft²
$5,276
Est. Monthly
$375
HOA / Fees
6.76%
Cap Rate
About This Property
MAJOR PRICE REDUCTION! Spectacular home perfectly situated on the
8th hole, par 3 of La Quinta Resort's Dunes Course with the most
magnificent Lake Views. BEST lot location , Premium Setting! The
home has been lovingly cared for and meticulously maintained.
Boasting Three Bedrooms and Three Full Baths, Gourmet Kitchen,
Dining Room and an Amazing backyard with Stunning Pebble tec Pool &
Spa, separate conversation area complete with natural gas fire pit.
In short, this home has it all and it's move-in ready for those
lucky enough to purchase it! Since purchasing in 2021, owners have
added low voltage landscape lighting, new air conditioning unit in
home and garage, new TVs, stacked washer/dryer, paint and furniture
pieces. La Quinta Fairways has LOW HOA dues of $375/monthly that
include front landscape, WIFI, Cable TV, trash pickup alongside the
home, and it is guard gated 7 days a week from 7am until 10pm.
Don't hesitate on this lovely home with it's incredible price
enhancement!
Unit Size
2,349 Ft²
Days on Market
126 days
Land Size
0.20 acres
Price per sqft
$425
Property Type
House
Property Taxes
-
HOA Dues
$375
Year Built
2000
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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 #219106809DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by California Lifestyle Realty | $998,000 | |
| Listed by California Lifestyle Realty | |||
| May 21, 2021 | Sold | ||
| Sold | |||
| Apr 8, 2021 | Listed by California Lifestyle Realty | $849,000 | |
| Listed by California Lifestyle Realty | |||
| | |||
|
Spectacular home perfectly situated on the 8th hole, par 3 of LQ Resort's Dunes Course with the most magnificent Lake Views. These original owners had their pick of the BEST lot location when the homes were under construction. Reap the benefits of this Premium Setting! The home has been lovingly cared for and meticulously maintained. Boasting Three Bedrooms and Three Full Baths, Gourmet Kitchen, Dining Room and an Amazing backyard with Stunning Pebble tec Pool & Spa, separate conversation area complete with natural gas fire pit. In short, this home has it all and it's move-in ready for those lucky enough to purchase it!LQ Fairways has LOW HOA dues of $312/monthly that include front landscape, WIFI, Cable TV, trash pickup alongside the home, and it is guard gated 7 days a week from 7am until 10pm. For disclosure purposes, there was a private sale recently recorded for $826,000 of a smaller home in the community.
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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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Status
Type
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ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Grand Terrace
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Listed by: Kathleen Galigher, California Lifestyle Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219106809DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219106809DA
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