Listed by: Bruce Busher, HK Lane Real Estate
$632,000
●
House -
Off Market
74641 Strawflower Circle
Palm Desert, CA 92260
3 Beds
3 Baths,
1
Half Bath
2,599 Ft²
$730,419
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Tremendous location close to world class schools and exceptional
shopping. The property has an expansive entry with 18 inch ceramic
flooring with decorative inlays throughout. Upgraded flooring in
the bedrooms. Huge great room style concept with open kitchen,
expansive dining area, and gas fireplace for entertaining.The
gourmet kitchen features granite counters with decorative
backsplash, upgraded kitchen appliances including double ovens,
four burner gas range, spacious walk-in pantry, and large eating
island. The split floorpan allows for separation and privacy. The
master suite features dual vanities, separate tub/shower with a
large master closet. Bedrooms two and three are Jack and Jill style
with their own full bath. As a bonus there is a den/office/fourth
bedroom with this property. The backyard has a pebble tec pool/spa
combo with water feature, lush landscaping with several private
patios for outside living. The property has leased solar to help
reduce overall energy cost that is easily assumable. Do not miss
this exciting Palm Desert property!
Unit Size
2,599 Ft²
Days on Market
94 days
Land Size
0.20 acres
Price per sqft
$250
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1999
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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 #219064784DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2021 | Sold | ||
| Sold | |||
| Jul 13, 2021 | Listed by HK Lane Real Estate | $649,000 | |
| Listed by HK Lane Real Estate | |||
Property Highlights
Air Conditioning
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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Listed by: Bruce Busher, HK Lane Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064784DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064784DA
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