Listed by: Cindy Stevenson, RE/MAX Consultants
$225,000
●
House -
Off Market
77200 Michigan Drive
Palm Desert, CA 92211
2 Beds
1 Bath
966 Ft²
$351,412
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
Here is your perfect Mid-Century Bungalow! This pristine 2 Bedroom
- 1 Bath Home is perfect for the first time Homebuyer or for
someone looking for a Second Home or Investment Property. Recently
partially remodeled to include removal of all Popcorn Ceilings; new
Carpet in the Bedrooms; freshly painted throughout; all new
Baseboards and interior Door Framing; new Tile Shower Surround; and
Lawn Reseeding in both the front and back yards. Home is situated
on a large enough lot to accommodate a pool or housing extension,
if desired. Additional amenities include a Bonus Room off of the
Dining Area; Tons of Storage, Double-Pane Windows, Ceramic Tile
Flooring, and a newer HVAC System. Palm Desert Country Club is
centrally located to all major shopping, restaurants, and
thoroughfares. The Club House offers dining and live entertainment
on the weekends during the season; and reasonable pay-as-you-play
green fees year round. PDCC is truly one of the best kept secrets
in the Desert!
Unit Size
966 Ft²
Days on Market
78 days
Land Size
0.15 acres
Price per sqft
$237
Property Type
House
Property Taxes
-
HOA Dues
$31
Year Built
1961
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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: 2 years ago (CRMLS #218005188DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2018 | Sold | ||
| Sold | |||
| Feb 10, 2018 | Listed by RE/MAX Consultants | $229,000 | |
| Listed by RE/MAX Consultants | |||
Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Sold On
HOA + Taxes
About Palm Desert
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Listed by: Cindy Stevenson, RE/MAX Consultants
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218005188DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218005188DA
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