Listed by: Fred Wilson, Capitis Real Estate
$575,000
●
House -
Off Market
54840 Avenida Velasco
La Quinta, CA 92253
2 Beds
3 Baths,
1
Half Bath
2,415 Ft²
$1,066,426
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model
About This Property
Located at the top of LQ Cove on the east side across from Coral
Mountain, this custom built home left no detail overlooked. Very
private mini-estate with vaulted and beamed ceilings, custom
cabinetry built-ins, surround sound and 2 master suites with full
baths that open to outdoor tiled patio and salt-water lap pool and
spa looking directly up to Coral Mountain. A wraparound patio with
kiva fireplace, gourmet kitchen with granite countertops and
stainless appliances and fireplaces in the sunken living room and
family room create a number of cozy areas to nestle in for comfort.
Within the last 3 years, owner has added two new air conditioners,
pool equipment, repainted the exterior and totally updated the pool
and spa with new tile and unique multiple waterfall feature. Every
detail of this home has been thought out and addressed with great
taste.
Unit Size
2,415 Ft²
Days on Market
159 days
Land Size
0.19 acres
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992
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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 #214088264DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2021 | Sold | ||
| Sold | |||
| May 11, 2021 | Listed by Premier Properties | $869,000 | |
| Listed by Premier Properties | |||
| | |||
|
Here's a private hacienda mini-estate tucked away in a special cul de sac at the top of LQ Cove and wrapped by mountain views. This complete remodel encompasses vaulted and natural wood beamed ceilings, 9' doors, custom cabinetry built-ins and matching finish window treatments. The two en suite master suites open to beautifully tiled and stoned patios. and the totally updated salt-water lap pool and spa with multiple sheer decent cascades and a wraparound patio with a kiva fireplace. 3rd bedroom/office has access to 2nd bath The sunken living room and family room boast fireplaces done in modern mission style. The new culinary delight kitchen is graced with quart counters and new stainless appliances. Take a look at the video to see why this is absolutely one of the best homes in The La Quinta Cove.
| |||
| Jun 1, 2015 | Sold | ||
| Sold | |||
| Dec 23, 2014 | Listed by Capitis Real Estate | $599,000 | |
| Listed by Capitis Real Estate | |||
Property Highlights
Garage
Air Conditioning
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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 Santa Carmelita at Vale La Quinta
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Listed by: Fred Wilson, Capitis Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 214088264DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 214088264DA
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