Listed by: Carol Appel, HomeSmart
$559,000
●
House -
Off Market
716 Summit Drive
Palm Springs, CA 92262
3 Beds
2 Baths
1,630 Ft²
$639,743
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
3 BD 2 Bath, Tierra Linda model with pool and spa . One of the all
time favorite floor plans. in Mtn. Gate. This one has a
gorgeous pool and spa.and majextic mountain views from back.
There is a rod iron privacy gate at entry. Kitchen has
large pantry, center island with lots of storage and a window
overlooking the front yard for lots of light. Great room has
gas log fireplace and media niche and sliding glass doors looking
out on the beautiful backyard. Master bedroom is oversized
and has walk in closet. Gated community has super low HOA
dues at 120/mo and features tennis, courts, basketball courts,
walking trails, pools, spas, covered BBQ area, playground, roving
patrol, and is dog friendly. Located just off Palm canyon, a
short drive to dining, entertainment, shopping, and the PS Tram.
Don't wait on this one!
Unit Size
1,630 Ft²
Days on Market
56 days
Land Size
0.18 acres
Price per sqft
$343
Property Type
House
Property Taxes
-
HOA Dues
$120
Year Built
2004
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #219064299DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2021 | Sold | ||
| Sold | |||
| Jun 29, 2021 | Listed by HomeSmart | $559,000 | |
| Listed by HomeSmart | |||
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 Mountain Gate
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Carol Appel, HomeSmart
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064299DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064299DA
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017