Listed by: Livio Bastardi, Realty Source, Inc.
$345,000
●
House -
Off Market
74961 Borrego Drive
Palm Desert, CA 92260
3 Beds
2 Baths
1,619 Ft²
$696,746
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model
About This Property
Wow! What a great view of Eisenhower Peak and the Santa Rosa
Mountains from the backyard of this charming, corner lot home, just
outside the gates of the Vintage. The south facing backyard gives
this home beautiful mountain views and complete sun exposure all
winter long. Home has evaporative cooler, newer A/C and extra
insulation for energy efficiency. Room for additional parking in
the side yard. And did we mention the view and locotio, location,
location one block from Indian Wells!!! Wow! Priced to blow away
the competition.
Unit Size
1,619 Ft²
Days on Market
48 days
Land Size
0.25 acres
Price per sqft
$219
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1977
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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 #21474431DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2017 | Listed | $439,900 | |
| Listed | |||
| | |||
|
If you are looking for a home with location and great southern exposure you have found it! This 3 bed 2 bath home sits on a corner lot w/ desert landscape near the boarder of Indian Wells and Palm Desert w/ Santa Rosa mountain views from the back yard. Spacious yard w/ in ground pool plus greenhouse style outbuilding. Open living room w/ brick fireplace welcomes you as you enter the home along w/ patio door access to back yard. Kitchen is spacious w/ dining area and lots of natural light. Master bed/bath w/ patio access directly along with beautiful views.The manager has listed the unit size as 1619 square feet.
| |||
| Jun 10, 2013 | Sold | ||
| Sold | |||
| Apr 23, 2013 | Listed by Realty Source, Inc. | $355,000 | |
| Listed by Realty Source, Inc. | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Palm Desert
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Listed by: Livio Bastardi, Realty Source, Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21474431DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21474431DA
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