Listed by: Carol Appel, HomeSmart
$454,000
●
House -
Off Market
745 Summit Drive
Palm Springs, CA 92262
3 Beds
2 Baths
1,630 Ft²
$546,016
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Popular 3 BD, 2 BA Tierra Linda model with South facing backyard
and views of the San Jacinto Mountains. Nice raised patio
allows you to enjoy those nice spring evenings and take in the
views. Kitchen is light and bright with window overlooking
front yard. Kitchen features original white tile and white
appliances, large walk in pantry, and center island. Inside
individual laundry room and 2 car garage. Home is located
within walking distance of one of the community pools.
Community also has tennis courts, basketball court,
greenbelts, walking trails, playground, BBQ area, and very pet
friendly. Super low HOA dues at 120/mo. Located just
off Palm Canyon, a short drive to dining, shopping, entertainment
and the Palm Springs Tram.
Unit Size
1,630 Ft²
Days on Market
49 days
Land Size
0.14 acres
Price per sqft
$275
Property Type
House
Property Taxes
-
HOA Dues
$120
Year Built
2004
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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 #219058297DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2021 | Sold | ||
| Sold | |||
| Mar 1, 2021 | Listed by HomeSmart | $449,000 | |
| 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
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Type
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ft²
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HOA + Taxes
About Mountain Gate
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Listed by: Carol Appel, HomeSmart
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219058297DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219058297DA
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