75840 Nelson Lane
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2024 | No longer available | - | |
| No longer available | |||
| Mar 8, 2024 | In contract | - | |
| In contract | |||
| Dec 5, 2023 | Price Decreased |
$1,250,000
↓ $45K
(3.5%) | |
| Price Decreased | |||
| Oct 18, 2023 | Listed by Vine Property Group | $1,295,000 | |
| Listed by Vine Property Group | |||
| | |||
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Completely Reconfigured 3BR/3BA Poo/lSpa Masterpiece Centrally Located in the Heart of Palm Desert! This 2,533 square foot home optimizes indoor/outdoor living and entertaining, with multiple sliding glass doors throughout. Elegant south facing courtyard with limestone flooring, fire pit and custom built-in BBQ with granite slab counters and bar seating creates an exceptional outdoor living environment. The generous backyard features low maintenance desertscape with artificial turf and huge firepit. Inside, you'll find massive 32'' tile throughout. The redesigned kitchen with stainless steel appliances and custom, two tone cabinetry is the focal point. Huge kitchen island with quartz counters and waterfall detail overlooks the great room with fireplace and stacked stone accent wall. A generous billiard/game room with custom built-in bar and fireplace is adjacent to the kitchen, while the formal dining area is situated in between. The master suite features fireplace, accent lighting, huge walk in shower, custom jetted tub, and built-in closet. Guest bedrooms 2 & 3 located at the opposite end, while the den/office is located off the entry, overlooking the courtyard. Three car garage with epoxy flooring. Solar lease amount is $126/month. HOA is $183/month. Don't wait on this special opportunity in gated Sunterrace! Easy to show...Call/Text to Schedule. The manager has listed the unit size as 2533 square feet.
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| Jul 22, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017