Listed by: Gloria Whitman, California Lifestyle Realty
$995,000
●
House -
Off Market
55415 Medallist Drive
La Quinta, CA 92253
3 Beds
4 Baths,
1
Half Bath
3,410 Ft²
$2,054,186
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model
About This Property
This Tuscan home with dramatic Southern Mtn. views is simple &
elegant evolving from the details of the villas of Old Europe. This
3 BR/3.5 BA home (incl. casita) was formerly used as a model home &
has Venetian plastered walls throughout. It is located in the
prestigious Norman Estates at PGA West. After walking through the
wrought iron front gate, there is a private courtyard with
fireplace, fountain, & sitting area. Upon entering the home, you
will find a spacious great room which features a series of french
doors that open onto a screened-in patio. The rear yard overlooks
the black tees on Hole #11 of the Greg Norman Course. The yard
features a saltwater pool with a Swim Jet & spa, two pergolas, and
fantastic landscaping w/fruit trees. There are approved
architectural plans to add a 2-story addition to the home in the
large side yard. Being sold furnished per written inventory. Golf
Membership available--not mandatory. Buyer to verify sq.ft.
Unit Size
3,410 Ft²
Days on Market
116 days
Land Size
0.36 acres
Price per sqft
$322
Property Type
House
Property Taxes
-
HOA Dues
$517
Year Built
2004
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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 #214001886DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2014 | Sold | ||
| Sold | |||
| Jan 16, 2014 | Listed by California Lifestyle Realty | $1,099,000 | |
| Listed by California Lifestyle Realty | |||
Property Highlights
Garage
Air Conditioning
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
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Baths
ft²
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Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Norman Course
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Listed by: Gloria Whitman, California Lifestyle Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214001886DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214001886DA
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