$675,000
●
House -
Off Market
78685 Avenida Ultimo
La Quinta, CA 92253
4 Beds
2 Baths,
1
Half Bath
2,690 Ft²
$1,023,173
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Beautiful Southwestern contemporary home compound, on large lot in
Desert Club Estates - Fee Simple land, and no HOA fees - with a
big, gorgeous, and very private, front courtyard entry; an open and
welcoming Living Room with fireplace; formal Dining Room; large
cook's Kitchen including Work Island, walk-in Pantry, serving Bar,
and Breakfast area. The spacious Master Suite features a big
Walk-In Closet, dual vanities, shower and jetted spa tub. The
Backyard features a large, recently resurfaced , and fully upgraded
salt water Swimming Pool and Spa, with new equipment (Feb 2017);
'Cool Deck' treatment (Feb 2017); LED outdoor Lighting (Feb 2017);
a large covered Veranda; high-quality Artificial Grass (Feb 2017);
and a detached Casita, with its own AC/Heating system, full Bath,
and Walk-in closet. Oversized, direct-access finished 3-car garage
features one bay with front-and-rear overhead door access (thru to
additional parking pad).
Unit Size
2,690 Ft²
Days on Market
34 days
Land Size
0.28 acres
Price per sqft
$260
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1994
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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: 4 months ago (CRMLS #219030958PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 1, 2021 | No longer available | - | |
| No longer available | |||
| Nov 5, 2021 | Listed by Fathom Realty Group Inc. | $1,095,000 | |
| Listed by Fathom Realty Group Inc. | |||
| | |||
|
A Desert Gem! Beautiful southwestern contemporary private compound on a large lot in the highly desired Desert Club Estates. No HOA. This home features a private front courtyard with gorgeous, mature desert landscape. The backyard boasts a beautiful pool and spa with a large covered veranda, artificial grass, detached casita, and mature landscape. The living space is very open and welcoming. The living room features a fireplace and a great view of the yard. The kitchen has been recently remodeled. This home is perfect for entertaining or relaxing in your own private desert oasis. Don't miss out on this incredible home. The manager has listed the unit size as 2690 square feet.
| |||
| Aug 14, 2021 | No longer available | - | |
| No longer available | |||
| Aug 2, 2021 | Listed by Fathom Realty Group Inc. | $1,159,000 | |
| Listed by Fathom Realty Group Inc. | |||
| | |||
|
A Desert Gem! Beautiful southwestern contemporary private compound on a large lot in the highly desired Desert Club Estates. No HOA. This home features a private front courtyard with gorgeous, mature desert landscape. The backyard boasts a beautiful pool and spa with a large covered veranda, artificial grass, detached casita, and mature landscape. The living space is very open and welcoming. The living room features a fireplace and a great view of the yard. The kitchen has been recently remodeled. This home is perfect for entertaining or relaxing in your own private desert oasis. Don't miss out on this incredible home. The manager has listed the unit size as 2690 square feet.
| |||
| Nov 4, 2019 | 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
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Type
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Baths
ft²
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About Desert Club
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$9,000 /mo
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$10,000 /mo
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Listed by: Dale Swanson, Berkshire Hathaway HomeServices California Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219030958PS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219030958PS
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