Listed by: Lance Frank, Tarbell REALTORS
$287,000
●
House -
Off Market
74820 Fairway
Palm Desert, CA 92260
3 Beds
2 Baths
1,619 Ft²
$583,516
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model
About This Property
Is there an advantage to buying a pool home needing $50,000 in
repairs rather than a home with no pool that already has the
repairs? Not necessarily. This one has no pool but it does have the
repairs. Most homes of this vintage have their original leaky
irrigation system and roof. This one's water saving desert
landscaping was recently installed along with a new irrigation
system front and back. Its roof was replaced with durable energy
efficient interlocking steel Mediterranean look tiles warrantied
until 2051. The weep screed is already in. Kitchen counters were
replaced with granite composite slabs with backsplash. The restored
trellis runs the full length of the house. New patio furniture
included. The front windows have been tinted to enhance privacy and
energy efficiency. Dual pane windows have been installed in the 3rd
bedroom/den and are ready to be installed in guest bedroom. All
other things being equal, better to take the repairs and put a
warrantied pool in later!
Unit Size
1,619 Ft²
Days on Market
147 days
Land Size
0.23 acres
Price per sqft
$185
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1976
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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 #21473210DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2013 | Sold | ||
| Sold | |||
| Apr 5, 2013 | Listed by Tarbell REALTORS | $299,900 | |
| Listed by Tarbell REALTORS | |||
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
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Closing Price
Sold On
Sold On
HOA + Taxes
About Palm Desert
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Listed by: Lance Frank, Tarbell REALTORS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21473210DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21473210DA
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