$650,000
●
House -
Off Market
77883 Desert Drive
La Quinta, CA 92253
4 Beds
3 Baths,
1
Half Bath
2,757 Ft²
$1,294,379
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model
About This Property
Imagine yourself relaxing in the south facing backyard enjoying the
saltwater pebble-tec pool and spa, while taking in the gorgeous
mountain views South La Quinta is known for, or perhaps you'd
prefer watching the game on the outdoor flatscreen TV, or just soak
in the hot tub because you deserve it! Welcome to Hidden Canyon, a
gated community of 168 homes located within walking distance to the
world famous La Quinta Resort and Spa, Old Town La Quinta and
numerous shops, restaurants and boutiques. This home features the
coveted great room design that combines a gourmet kitchen, spacious
sunlit dining area and warm living area to create a very
comfortable and functional main living space. It also features a
formal dining room for those special evenings. A wonderful master
suite has a large walk in closet, spacious master bath and sliders
that open up to the relaxing covered patio area. This home is one
of the nicest appointed homes in Hidden Canyon and one that should
not be missed.
Unit Size
2,757 Ft²
Days on Market
188 days
Land Size
0.29 acres
Price per sqft
$246
Property Type
House
Property Taxes
-
HOA Dues
$200
Year Built
2006
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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 #21481255DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2014 | Sold | ||
| Sold | |||
| Sep 12, 2013 | Listed by Coldwell Banker Res. Brokerage | $679,000 | |
| Listed by Coldwell Banker Res. Brokerage | |||
Property Highlights
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About La Quinta
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sondra Andersen, Coldwell Banker Res. Brokerage
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21481255DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 21481255DA
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