$805,000
●
House -
Off Market
56108 Palms Drive
La Quinta, CA 92253
3 Beds
1 Bath
2,673 Ft²
$1,193,702
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
This gorgeous 3 bedroom home is set on a large lot on the 10th
fairway of the Palms Golf Club. The curb appeal is breathtaking
with the professionally landscaped front drive, stone archways &
accents, and pavers leading through the courtyard up to the front
door. Inside the home features three bedrooms and 3 bathrooms,
including an attached casita. Crown moldings, travertine floors,
granite countertops, shutters, & a large cook's kitchen are just a
few of the upgrades within the home. A custom pool/spa and
waterfall add to the gorgeous views seen from the patio area. The
large patio hosts multiple elegant & private lounging areas
surrounding the pool/spa as well as a lovely built-in BBQ island.
And, all this while enjoying those beautiful views! The Palms is a
lovely small & very popular gated community with a gorgeous golf
course and very few homes for sale, because of the popularity of
the community. Come see this home today, you will be thrilled that
you did!
Unit Size
2,673 Ft²
Days on Market
206 days
Land Size
0.25 acres
Price per sqft
$305
Property Type
House
Property Taxes
-
HOA Dues
$335
Year Built
2004
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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: 4 months ago (CRMLS #219010271DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 12, 2023 | No longer available | - | |
| No longer available | |||
| Mar 23, 2023 | In contract | - | |
| In contract | |||
| Feb 7, 2023 | Price Decreased |
$1,399,000
↓ $51K
(3.5%) | |
| Price Decreased | |||
| Jan 25, 2023 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Nov 12, 2022 | Price Decreased |
$1,499,900
↓ $61K
(3.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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 La Quinta
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gail Gallaudet, HK Lane Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219010271DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219010271DA
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