Listed by: Cathy Smith, Coldwell Banker Realty
$427,500
●
House -
Off Market
74427 Millennia Way
Palm Desert, CA 92211
2 Beds
2 Baths
1,652 Ft²
$558,425
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
The seller has instructed me to say that they are extremely
motivated to sell this property, so help me out and bring us any
reasonable offer. Welcome to your new home! A beautiful
single-story Millennia home features 2 beds plus den and 2
bathrooms. Located in Genesis at Millennium, a collection of 166
semi-custom homes by GHA Communities the desert's premier builder
for 30 years! Genesis has an excellent location in the heart of
Palm Desert close to great shopping and dining. The home is
like new and is in a great area within the development. Close to
one of the dog parks and all other amenities including community
pool and spa. Stainless Maytag kitchen appliances. Solar ready and
security wired! Tankless water heater. Home is tastefully
decorated. New Ceiling fans and outside light over the patio. Low
maintenance backyard, and private front courtyard. The New Master
Planned Community Millennium, will offer a quality of life for all
generations with opportunities to LIVE, SHOP, WORK, PLAY within a
future regional park setting in a desirable area of Palm Desert,
California. Nice Property in a popular new development in North
Palm Desert - Priced to sell quickly! Your buyers will not
want to miss this great opportunity!
Unit Size
1,652 Ft²
Days on Market
134 days
Land Size
0.10 acres
Price per sqft
$266
Property Type
House
Property Taxes
-
HOA Dues
$201
Year Built
2017
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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 #219051397DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2021 | Sold | ||
| Sold | |||
| Oct 17, 2020 | Listed by Coldwell Banker Realty | $439,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Listed On
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Sold On
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HOA + Taxes
About Palm Desert
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Listed by: Cathy Smith, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051397DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051397DA
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