Listed by: Linda Langman, Bennion Deville Homes
$875,000
●
House -
Off Market
68476 Treasure Trail
Cathedral City, CA 92234
3 Beds
3 Baths
2,800 Ft²
$984,771
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
PRICE REDUCED. Enjoy dramatic mountain views from this gated mini
estate. This south facing yard has views in every direction from an
elevated lot. The .81 acre lot is fully fenced, and has unlimited
potential for expansion. Block privacy wall surrounds the structure
and private yard. This home has many features that are
architecturally significant. Original baths feature tile from the
50's, and the kitchen still has some original appliances. Walls of
glass bring in abundant light with views in every direction. All
tile floors. The original floor plan has been extended to add
approx. 850 sq. ft. which includes a spacious master suite and
family room. Both master suites have direct access to the pool/spa
area. Sold furnished as shown with a few exclusions. 2 car garage
and expansive carport. The Cathedral City Cove is very close to the
entertainment areas in Palm Springs and Rancho Mirage. Conveniently
located near the new Agua Caliente casino complex and shops and
restaurants. This property has unlimited rehab potential. The
adjacent .43 acres parcel is also available for purchase.
Unit Size
2,800 Ft²
Days on Market
93 days
Land Size
0.82 acres
Price per sqft
$313
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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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: 3 years ago (CRMLS #219065366DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2021 | Sold | ||
| Sold | |||
| Jul 26, 2021 | Listed by Bennion Deville Homes | $875,000 | |
| Listed by Bennion Deville Homes | |||
Property Highlights
Air Conditioning
With View
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Baths
ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Cathedral City
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Listed by: Linda Langman, Bennion Deville Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219065366DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219065366DA
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