$580,000
●
House -
Off Market
73638 Picasso Drive
Palm Desert, CA 92211
4 Beds
2 Baths,
1
Half Bath
2,686 Ft²
$808,145
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
You will feel like you walked into a model home and will be
enchanted with panoramic mountain views as you enter this 3 bedroom
plus a den, 2.5 bath home located in The Gallery. The home offers
an open floor plan, kitchen with granite counter-tops, a
large island, walk-in pantry and an abundance of cabinets. The
master bedroom is separate from the other bedrooms giving plenty of
privacy. In the master bath you'll find a soaking tub and dual
walk-in closets. Guest bedrooms include a Jack and Jill bathroom.
The den has double doors and could serve as a 4th bedroom if
needed. Separate laundry room with sink and cabinets. Cozy up to
the fireplace in the living room or step outside and enjoy a fire
on the patio. The backyard also features a pool and spa with
beautiful rock features, covered patio and an additional seating
area to take in the west facing mountain views. The yard has been
landscaped in desert landscape. The garage has extra space for even
more storage. Call today to see this exceptional home.
Unit Size
2,686 Ft²
Days on Market
159 days
Land Size
0.21 acres
Price per sqft
$220
Property Type
House
Property Taxes
-
HOA Dues
$170
Year Built
2014
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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: 4 months ago (CRMLS #219040156DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2020 | Sold | ||
| Sold | |||
| Mar 5, 2020 | Listed by HK Lane Real Estate | $590,000 | |
| Listed by HK Lane Real Estate | |||
| | |||
|
You will feel like you walked into a model home and will be enchanted with panoramic mountain views as you enter this 3 bedroom plus a den, 2.5 bath home located in The Gallery. The home offers an open floor plan, kitchen with granite counter-tops, a large island, walk-in pantry and an abundance of cabinets. The master bedroom is separate from the other bedrooms giving plenty of privacy. In the master bath you'll find a soaking tub and dual walk-in closets. Guest bedrooms include a Jack and Jill bathroom. The den has double doors and could serve as a 4th bedroom if needed. Separate laundry room with sink and cabinets. Cozy up to the fireplace in the living room or step outside and enjoy a fire on the patio. The backyard also features a pool and spa with beautiful rock features, covered patio and an additional seating area to take in the west facing mountain views. The yard has been landscaped in desert landscape. The garage has extra space for even more storage. Call today to see this exceptional home.
| |||
| Oct 31, 2014 | Sold | ||
| Sold | |||
| Jul 10, 2014 | Listed by D.R. Horton, Inc | $497,408 | |
| Listed by D.R. Horton, Inc | |||
| | |||
|
Scenic Mountain Views! Highly upgraded and Move in Ready! New Home with large Courtyard and California room with outdoor fireplace.Embrace the casual elegance of extraordinary desert living at Expressions for an inspired and enriching lifestyle. Beautifully designed single story homes in a prime Palm Desert location minutes from trendsetting shopping and restaurants. Within the exclusive gated community, 3-4 bedroom residences boast contemporary architecture with plenty of options to create the ultimate home rich with style and comfort.
| |||
Property Highlights
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 Palm Desert
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$6,500 /mo
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$9,000 /mo
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Listed by: Beth Feist, HK Lane Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219040156DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219040156DA
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