Listed by: Nathaniel Moulton, Lux Box Agency
$1,650,000
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House -
Off Market
74855 Fairway Drive
Palm Desert, CA 92260
4 Beds
4 Baths
3,218 Ft²
$1,930,572
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Entered for comp purposes only
Unit Size
3,218 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$513
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
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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 #219064040PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2021 | Sold | ||
| Sold | |||
| May 17, 2021 | Listed by Lux Box Agency | $1,650,000 | |
| Listed by Lux Box Agency | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| May 16, 2018 | Listed | $949,000 | |
| Listed | |||
| | |||
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Classic mid-century modern designed by architects Patten and Wild, 1963, situated on a massive lot near El Paseo. The large open floor plan includes 4 bedrooms each with bath, one with a Japanese style step-down tub, original mosaic tile and rare architectural glass walls. Embracing the period, high beamed ceilings, slate floors, custom wood flooring, split rock fireplace and expansive floor to ceiling windows frame expansive southern views of Mt. Eisenhower. The kitchen and prep kitchen feature stainless steel appliances, commercial fixtures and cork floors. Currently used as a study and guest suite, a portion of the home can be used as a separate residence or in-law suite with fully equipped kitchen and enclosed private patio, yard, and orchard access. The pool area showcases a Pebble-tec saltwater pool, fountain, succulent garden, and firepit. Generous storage and built-ins, as well as bonus areas currently being used as fitness and creative workspaces complete this rare find. The manager has listed the unit size as 3218 square feet.
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Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Palm Desert
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Listed by: Nathaniel Moulton, Lux Box Agency
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064040PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064040PS
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