Listed by: Cochran & Miracle Group Inc., Compass
$705,000
●
House -
Off Market
54790 Forest Knoll Drive
Idyllwild, CA 92549
2 Beds
2 Baths
1,980 Ft²
$839,090
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Recalling the clean lines and open spaces of classic Mid-Century
Modern architecture, this furnished, turnkey Idyllwild home was
built in 2008 and showcases a host of newer upgrades. Forest and
Lily Rock views enrich the residence's indoor and outdoor living
spaces, which generously accommodate festive entertaining and
relaxing day-to-day living. The open and airy 2-story design
extends approx. 1,980 s.f. and boasts a main level with a living
room and a dining area that open seamlessly to a contemporary
kitchen with island, Caesarstone countertops, sleek custom
cabinetry and stainless-steel appliances. Step onto an oversized
covered deck that is perched amongst the trees, displays new glass
railings, and wraps around to an intimate side patio. Enjoy 2
bedrooms and 2 baths, including a main-level primary suite and a
lower-level guest suite, a den, vaulted ceilings, cork floors, an
attached 2-car garage, an adjacent lot, a new spa, and a
13,000-watt generator with Wi-Fi control. SIPS (structural
insulated panel system) used for energy efficiency, exterior
constructed with fire retardant cement board and Trex composite
decking.
Unit Size
1,980 Ft²
Days on Market
37 days
Land Size
0.39 acres
Price per sqft
$348
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008
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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 #219058118DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2021 | Sold | ||
| Sold | |||
| Mar 1, 2021 | Listed by Compass | $690,000 | |
| Listed by Compass | |||
| Jun 13, 2019 | No longer available | - | |
| No longer available | |||
| Apr 18, 2019 | Listed | $575,000 | |
| Listed | |||
| | |||
|
Contemporary home nestled in the peaceful mountains of Idyllwild. The use of SIPS (structural insulated panel system) in the build of this home makes it not only extremely energy efficient and low maintenance but also very quiet and serene. The exterior of the home is constructed with fire retardant cement board and Trex composite decking. Dual pane windows and beautiful cork flooring is used inside.The entry was designed to allow for exhibition of objects on glass shelves. Enter the inviting living room with a Danish wood burning stove in front of variegated stone accent wall. The kitchen offers ECO-friendly Cesarstone counter top island that doubles as a kitchen working space and a office/desk working area. Enjoy the covered outdoor living area with gorgeous views of Lily Rock, additional entertaining and living space.In the master bedroom only trees are visible . The master bath was designed to feature the soaking tub. Downstairs offers guest quarters with a den, bedroom, full bath and separate entrance. Home also offers a 2 car garage and an adjacent lot.This home has been in the Palm Springs Modern Committee Home Tour in 2016 & The Idyllwild Home Tour in 2011 The manager has listed the unit size as 1980 square feet.
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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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About Idyllwild Mountain Park
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Listed by: Cochran & Miracle Group Inc., Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219058118DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219058118DA
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