$630,000
●
House -
Off Market
79595 Cortez Lane
La Quinta, CA 92253
3 Beds
3 Baths
2,312 Ft²
$713,664
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Welcome to the this beautiful custom built family home with over
2300 sq ft of living space. This house offers 3 bedrooms,
plus an office, which could be easy converted to a 4th bedroom, and
3 full baths, 2 of which have just been recently updated. This home
has an open living area with tongue and groove cathedral ceilings
that is also carried thought out most of the home. Large family
room with fireplace and french doors to to the covered patio that
overlooks the pool and spa, great for all those summer days.
Kitchen has 42'' cabinets with granite counters and full back
splash with an island and seating plus stainless steel appliance.
Optional breakfast room / den / workout room just off the kitchen.
Formal yet casual large dining room. two nice sized guest rooms on
the west side of the home and Owners suite on east side of home.
The back yard offers both pool and grass area. Over-sized 2 car
garage and RV parking included. This home is zoned for the highly
sought after Amelia Earhart Elementary and John Glenn Middle School
and is close to the heart of La Quinta.
Unit Size
2,312 Ft²
Days on Market
53 days
Land Size
0.20 acres
Price per sqft
$260
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2000
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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 #219059823PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 25, 2021 | Sold | ||
| Sold | |||
| Apr 2, 2021 | Listed by Beverly Hills Fine Homes | $600,000 | |
| Listed by Beverly Hills Fine Homes | |||
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
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Baths
ft²
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Sold On
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HOA + Taxes
About La Quinta
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Listed by: David Karjola, Beverly Hills Fine Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219059823PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219059823PS
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