$518,000
●
House -
Off Market
57085 Merion
La Quinta, CA 92253
3 Beds
4 Baths,
1
Half Bath
2,353 Ft²
$944,043
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model
About This Property
Major price reduction. Seller wants this GONE. You will enjoy
forever views to the west and southwest across two fairways of the
Nicklaus Private course at PGA West. This beautifully remodeled
home has three bedrooms, each with it's own bath plus a powder room
for guests. Dramatic vaulted ceilings and extensive use of glass
enhance this spectacular setting. The interior living space has
been opened up to provide a true great room feel. The kitchen
features white cabinets, slab granite counters, stainless
appliances and a gas cook-top. Rarely used community pool and spa
are right next door. Most furnishings and all appliances are
included with the purchase. PGA West membership options are
available through the club.
Unit Size
2,353 Ft²
Days on Market
239 days
Land Size
0.10 acres
Price per sqft
$246
Property Type
House
Property Taxes
-
HOA Dues
$625
Year Built
1990
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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 #216024814DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2017 | Sold | ||
| Sold | |||
| Sep 1, 2016 | Listed by California Lifestyle Realty | $579,000 | |
| Listed by California Lifestyle Realty | |||
Property Highlights
Garage
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
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Listed by: Rick Eisenhart, California Lifestyle Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216024814DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216024814DA
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