Listed by: Mark Hilgenberg, Keller Williams Realty
$567,500
●
House -
Off Market
589 Sycamore Circle
Palm Springs, CA 92262
3 Beds
2 Baths
1,400 Ft²
$1,014,618
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model
About This Property
Sexy, Cool, and Sleek. Mid Century Modern Alexander home.
Completely renovated and ready to enjoy the ultimate Palm Springs
experience. Beautiful, gated courtyard takes you to this 3 bedroom
2 bath home with 2 car garage. Custom pebble tech flooring
throughout. Celestial windows and floor to ceiling glass panels
offers indoor-outdoor enjoyment .Kitchen with quartz countertops
and ease of entertaining. New Bathrooms have the WOW, with ceramic
tile, polished chrome and glass. Outdoors you have clean landscaped
grounds, south facing views of the mountains, and wonderful
pool/spa. Covered and open patio areas, loads of storage throughout
and so much more. Cul-du-sac street makes this location quiet and
carefree.
Unit Size
1,400 Ft²
Days on Market
245 days
Land Size
0.24 acres
Price per sqft
$407
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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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 #214083891DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Jun 11, 2024 | Listed by Compass | $950,000 | |
| Listed by Compass | |||
| | |||
|
William Krisel designed Alexander home in the storied Racquet Club neighborhood of Palm Springs. This particular version of Krisel's designs is known as the Butterfly roofline and is iconic in the area. The south-facing backyard and pool will ensure sunshine throughout the winter. The backyard will provide both great light and Mountain Views. An addition to the home offers an expanded living space currently used as a formal dining area, dramatically bringing the Mountain views inside the home. The floors are a poured organic textural surface offering a unique point of view and the kitchen and bathrooms are updated from the original. The perfect Palm Springs weekend getaway for entertaining or relaxing in architectural seclusion. Another example of the Palm Springs lifestyle perfected. Owned solar and the southern exposure make for a more comfortable setting in the warmer months.
| |||
| Jun 11, 2015 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Racquet Club Estates
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Listed by: Mark Hilgenberg, Keller Williams Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214083891DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214083891DA
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