$722,000
●
House -
Off Market
54775 Avenida Madero
La Quinta, CA 92253
2 Beds
2 Baths
2,005 Ft²
$1,013,848
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
VERY RARE opportunity to find a TRIPLE LOT bordering natural desert
wilderness with amazing unobstructed views of the Santa Rosa
Mountains. Completely walled in and electric gated compound a
few feet away from Bear Creak bike and hiking path. Custom
built 2000+ sqft home on level 14,374sqft lot. Large Great
Room w Vaulted wood beamed ceilings, wood burning fireplace,
travertine flooring. MBR w Vaulted wood beam ceiling and sitting
area, custom stone and granite baths, interior laundry w sink and
tons of storage cabinets. Attached oversized garage. Glass
Sliding doors border the entire south and west sides of structure
to allow breathtaking views. Architectural drawings show lot may
accommodate expanded casita and large pool w spa and large patio
areas.
Unit Size
2,005 Ft²
Days on Market
66 days
Land Size
0.33 acres
Price per sqft
$374
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2021
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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: 2 years ago (CRMLS #219045883DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2020 | Sold | ||
| Sold | |||
| Jul 11, 2020 | Listed by HomeSmart | $750,000 | |
| Listed by HomeSmart | |||
| | |||
|
VERY RARE opportunity to find a TRIPLE LOT bordering natural desert wilderness with amazing unobstructed views of the Santa Rosa Mountains. Completely walled in and electric gated compound a few feet away from Bear Creak bike and hiking path. Custom built 2000+ sqft home on level 14,374sqft lot. Large Great Room w Vaulted wood beamed ceilings, wood burning fireplace, travertine flooring. MBR w Vaulted wood beam ceiling and sitting area, custom stone and granite baths, interior laundry w sink and tons of storage cabinets. Attached oversized garage. Glass Sliding doors border the entire south and west sides of structure to allow breathtaking views. Architectural drawings show lot may accommodate expanded casita and large pool w spa and large patio areas.
| |||
| Sep 21, 2015 | Sold | ||
| Sold | |||
| Aug 25, 2015 | Listed by Capitis Real Estate | $439,900 | |
| Listed by Capitis Real Estate | |||
| | |||
|
A rare, triple lot compound high in La Quinta Cove. Owners have already drawn architechural plans to expand master suite and add a new casita and pool/spa complex. Current home is cute and quaint, with beamed, wood ceilings throughout. Entire south side of the house opens up to a covered, open patio, double lot and panoramic mountain views. The Bear Creek Reserve hiking trails are a stones throw from the yard - you are truly in a private world of your own here with the ability to add your own feel and flavor to this special perimeter compound.
| |||
| Dec 17, 2013 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
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Type
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Baths
ft²
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HOA + Taxes
About Santa Carmelita at Vale La Quinta
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Listed by: Raymond Radas, HomeSmart
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219045883DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219045883DA
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