Listed by: John Gonnello, Bennion Deville Homes
$549,000
●
House -
Off Market
78121 Rainbow Drive
Palm Desert, CA 92211
3 Beds
4 Baths,
1
Half Bath
3,146 Ft²
$925,787
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model
About This Property
Location, Location - This Rare Tuscany Model W/3164 SF Was A Model
Home And The Upgrades Will Amaze You. There Are Dual Master Suites,
2.5 Baths, Grand Entry Foyer, Formal Living Room, Formal Dining
Room, Spacious Family Room, Island Kitchen, Breakfast Nook, Full
Utility Room, Covered Patio, 2 Car Garage + Golf Cart Garage Every
Room Has High Ceilings; Most Are Coffered. There Are Two Master
Suites, One Has A Sky-Lite, His & Her Closet & Patio Access, Huge
Walk-In Closet And A Fire Place. The Den Has A Private Bath And
Could Easily Be Converted Into A 3rd Bedroom. The Combination Of
The Great Room W/Fireplace, Wide Open Kitchen, And Nook Area Is The
Perfect Setting For Daily Living. There Is Also A Formal Dining
Room And A Separate Living Room. This Impressive Home Is Perfect
For Entertaining Or Just Enjoying. The Large Two Car Garage Has A
Cedar Lined Sauna Plus A Golf Cart Garage. The Rear Patio Includes
A Dining Area And In-Ground Jetted Spa.
Unit Size
3,146 Ft²
Days on Market
63 days
Land Size
0.19 acres
Price per sqft
$175
Property Type
House
Property Taxes
-
HOA Dues
$243
Year Built
1999
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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 #216022442DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 7, 2019 | No longer available | - | |
| No longer available | |||
| Oct 19, 2019 | Listed | $629,000 | |
| Listed | |||
| | |||
|
This Rare Tuscany Model, w/3146 SF was ... . There are Two Master Suites, one w/fireplace and seating area, large walk in closet, extra large bathroom; the other has a skylight, his and hers closets, private access door to backyard patio. There are 3-1/2 baths, Grand Entry Foyer, Formal Living Room, Formal Dining Room, Spacious Family Room w/fireplace, Island Kitchen, Breakfast Nook, Full Utility Room, Linen Closet, covered Patio, Extra Large 2-Car Garage w/Cedar Lined Sauna + Golf Cart Garage. Every room has 15 foot ceilings, most are Coffered. The Den has built in cabinets and it's own bath, which can easily be converted into a 3rd Bedroom. This is a perfect home for everyday living and also makes entertaining a breeze. The rear patio, driveway and front area has been resurfaced by Restora. The rear patio also features a dining area and in-ground Spa. The manager has listed the unit size as 3146 square feet.
| |||
| Jul 8, 2019 | No longer available | - | |
| No longer available | |||
| Jun 18, 2019 | Listed | $620,000 | |
| Listed | |||
| | |||
|
Location, Location - This Rare Tuscany Model W/3164 SF Was A Model Home And The Upgrades Will Amaze You. There Are Dual Master Suites, 2.5 Baths, Grand Entry Foyer, Formal Living Room, Formal Dining Room, Spacious Family Room, Island Kitchen, Breakfast Nook, Full Utility Room, Covered Patio, 2 Car Garage + Golf Cart Garage Every Room Has High Ceilings; Most Are Coffered. There Are Two Master Suites, One Has A Sky-Lite, His & Her Closet & Patio Access, Huge Walk-In Closet And A Fire Place. The Den Has A Private Bath And Could Easily Be Converted Into A 3rd Bedroom. The Combination Of The Great Room W/Fireplace, Wide Open Kitchen, And Nook Area Is The Perfect Setting For Daily Living. There Is Also A Formal Dining Room And A Separate Living Room. This Impressive Home Is Perfect For Entertaining Or Just Enjoying. The Large Two Car Garage Has A Cedar Lined Sauna Plus A Golf Cart Garage. The Rear Patio Includes A Dining Area And In-Ground Jetted Spa. The manager has listed the unit size as 3146 square feet.
| |||
| Oct 3, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Desert Palms
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Listed by: John Gonnello, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216022442DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216022442DA
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