$480,000
●
House -
Off Market
56941 Merion
La Quinta, CA 92253
3 Beds
4 Baths,
1
Half Bath
2,645 Ft²
$781,087
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
$50,000 Price Reduction!! Seller says Sell! This has to be one of
the best views in all of PGA West with Unobstructed Western
Mountain views on an elevated lot overlooking the 16th Fairway and
Green of the Jack Nicklaus Private Course. What a canvas for
whatever dream home you have in mind!! This home is priced to sell,
allowing for any updating costs. 3 bedrooms 3.5 baths with good
separation between the master and guest bedrooms, shutters
throughout, ceiling fans, newer carpet, newer A/C and hot water
heater, epoxy garage floors, oversized outside patio with multiple
seating areas and large side yard. This home is offered turnkey
furnished including a very gently used Golf Cart. With the
Community Pool just 2 homes away, what could be more convenient?
Pack your bags and bring a good book because it will be very
difficult to ever leave the patio, the view will leave you
breathless.
Unit Size
2,645 Ft²
Days on Market
77 days
Land Size
0.10 acres
Price per sqft
$192
Property Type
House
Property Taxes
-
HOA Dues
$735
Year Built
1990
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Cap Rate Calculator
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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: 2 years ago (CRMLS #218002070DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 4, 2018 | Sold | ||
| Sold | |||
| Jan 11, 2018 | Listed by HK Lane Real Estate | $509,000 | |
| Listed by HK Lane Real Estate | |||
Property Highlights
Air Conditioning
Garage
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 PGA West
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Brenda McKenney, HK Lane Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218002070DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218002070DA
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