$680,000
●
House -
Off Market
56678 Palms Drive
La Quinta, CA 92253
4 Beds
3 Baths,
1
Half Bath
3,111 Ft²
$982,238
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
A wonderful opportunity for that buyer or investor that knows value
when he sees it! This home is located in the upscale Palms Golf
Club community in La Quinta. The average price per square foot of
sales in this community is $297, or $927,000 for this home! If you
are looking for an unbelievable value in a beautiful community,
this is it! Not only does this home have stunning views of the golf
course surrounded by rows of Palm trees, but in addition within the
last year, this former model home has had significant upgrades. The
open floor plan includes travertine floors, vaulted ceilings,
plantation shutters, a gourmet kitchen, large dining room/family
room, a master suite with multiple walk-in closets, large upgraded
bathroom, & a spacious detached casita that is warm and welcoming
for your guests. The poolside patio features a custom pool/spa with
sheer descent waterfall & those spectacular views. In addition to
on-site showings, virtual showings are available for interested
buyers. Call for an appointment.
Unit Size
3,111 Ft²
Days on Market
175 days
Land Size
0.20 acres
Price per sqft
$223
Property Type
House
Property Taxes
-
HOA Dues
$365
Year Built
2001
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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 #219034942DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2020 | Sold | ||
| Sold | |||
| Dec 4, 2019 | Listed by HK Lane Real Estate | $695,000 | |
| Listed by HK Lane Real Estate | |||
| | |||
|
A wonderful opportunity for that buyer or investor that knows value when he sees it! This home is located in the upscale Palms Golf Club community in La Quinta. The average price per square foot of sales in this community is $297, or $927,000 for this home! If you are looking for an unbelievable value in a beautiful community, this is it! Not only does this home have stunning views of the golf course surrounded by rows of Palm trees, but in addition within the last year, this former model home has had significant upgrades. The open floor plan includes travertine floors, vaulted ceilings, plantation shutters, a gourmet kitchen, large dining room/family room, a master suite with multiple walk-in closets, large upgraded bathroom, & a spacious detached casita that is warm and welcoming for your guests. The poolside patio features a custom pool/spa with sheer descent waterfall & those spectacular views. In addition to on-site showings, virtual showings are available for interested buyers. Call 760-203-2621 for an appointment.
| |||
| Jan 5, 2019 | No longer available | - | |
| No longer available | |||
| Nov 29, 2018 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Oct 23, 2018 | Listed | $699,000 | |
| Listed | |||
| | |||
|
Nicely upgraded former Model Home located on well known Fred Couples golf course in desirable Palms CC''; Sophisticated style with custom touches, warm tones and natural light throughout this 4 BR home including detached guest Casita! The interior features an open layout with vaulted ceilings, plantation shutters and Travertine flooring throughout. Great Room with stately Fireplace and wet bar perfect for entertaining. Open gourmet kitchen with food prep island featuring rich cabinetry, SS appliances and Granite countertops - all open to sizable dining room. Master Suite w/ multiple walk-in closets, luxurious Travertine bathroom & private patio. Entertaining patio featuring saline pool and spa with sheer decent waterfall and mountain views! Swiss tracks flooring in both garages. This is desert living! Sold furnished per Inventory List. The manager has listed the unit size as 3111 square feet.
| |||
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# 219034942DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219034942DA
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