Listed by: Michael Horne, Compass
$505,500
●
House -
Off Market
78720 Iron Bark Drive
Palm Desert, CA 92211
2 Beds
2 Baths
1,616 Ft²
$504,784
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Sun City Palm Desert - Cayman. Located in the heart of the
community, a short distance to either the Sunset View or Lakeview
clubhouses, this popular greatrroom home has a north facing rear
yard with an extended patio, alumawood patio cover and desert
landscaping. Lush desert landscaping and salt finished hardscape
provide curb appeal. Inside, there are 2 bedrooms, 2 bathrooms and
a den. Tile flooring is throughout. The greatroom has s tile
trimmed fireplace and media nooks. The kitchen has corian counters,
a breakfast bar and chef's island. Maple cabinetry is in the
kitchen, bathrooms and laundry room. Pocket doors lead to the den
from the kitchen and main hallway. The primary suite bathroom has
dual sinks, upgraded lighting and a stall shower with textured
glass door. A shower/tub is in the guest bathroom. The laundry room
has built-in storage. The 2 car garage has built-in storage and a
utility sink.
Unit Size
1,616 Ft²
Days on Market
38 days
Land Size
0.14 acres
Price per sqft
$309
Property Type
House
Property Taxes
-
HOA Dues
$332
Year Built
2002
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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 #219078764DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2022 | Sold | ||
| Sold | |||
| May 14, 2022 | Listed by Compass | $499,000 | |
| Listed by Compass | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Price/ft²
Asking Price
Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Desert Palms
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Listed by: Michael Horne, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219078764DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219078764DA
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