Listed by: Brenda McKenney, California Lifestyle Realty
$299,000
●
Condo -
Off Market
79809 Olympia Fields
La Quinta, CA 92253
2 Beds
2 Baths
1,500 Ft²
$658,767
RealtyHop Estimate
94.33%
Since Feb 1, 2014
National-US
Primary Model
About This Property
Rare opportunity to own a south facing, lake front end unit, single
story Greens B with no one above you. There were very few of these
units built and they rarely come on the market. Located on the
Palmer Private course in PGA West, this 2 bedroom 2 bath with den
has been completely remodeled with brand new furnishings, new
bathrooms, new appliances, updated kitchen and 2 car attached
garage. Den may be utilized as 3rd bedroom or office as it
currently has a pull out sofa and desk. Step out onto your patio
for your morning coffee and just marvel at the sight of the
lake/pool/and mountain backdrop. Paradise Found!! Whether it's a
primary, secondary, or investment property, this will meet your
every need. Just bring your toothbrush as this unit comes fully
turnkey furnished.
Unit Size
1,500 Ft²
Days on Market
90 days
Land Size
0.06 acres
Price per sqft
$226
Property Type
Condo
Property Taxes
-
HOA Dues
$511
Year Built
1988
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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 #21482739DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 3, 2014 | Sold | ||
| Sold | |||
| Oct 4, 2013 | Listed by California Lifestyle Realty | $339,000 | |
| Listed by California Lifestyle Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Levels: One
Interior Features: Breakfast Area, Separate Formal Dining Room, Furnished, Primary Suite
Appliances: Dishwasher, Disposal, Refrigerator
Living Area Square Feet Source: Assessor
Has Fireplace
Family Room
Exterior Details
Year Built: 1988
Parcel Number: 775152049
Home Type: Residential
Roof: Tile
Spa Features: Community
Private Pool
Lot Size Source: Assessor
Lot Size Acres: 0.06
Utilities Details
Cooling Type: Central Air
Heating Type: Fireplaces
Location Details
Association Amenities: Clubhouse, Recreation Room, Cable Tv
Association Fee: $511
Community Features: Gated
Security Features: Gated Community, Twenty Four Hour Security
Subdivision: PGA Palmer Private
High School District: Desert Sands Unified
Subdivision Name: PGA Palmer Private
Directions: Enter the Palmer Gate in PGA West. Once through the gate, follow Arnold Palmer to Tanglewood and make a right. Follow Tanglewood to the first street Olympia Fields and make a left. Condo is first unit on the left. Cross Street: Tanglewood.
Other Details
Listing Terms: Cash, CashToNewLoan
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/25/2019
| |
2 Bed
|
2 Bath
|
1500 ft²
|
$320,000
2 Bed
2 Bath
1500 ft²
|
-
-
|
-
|
|
05/12/2016
| |
2 Bed
|
2 Bath
|
1500 ft²
|
$309,000
2 Bed
2 Bath
1500 ft²
|
$300,000
-2.91%
12/09/2016
|
Cheryl Sommer
Coldwell Banker Realty
|
|
08/03/2015
| |
2 Bed
|
2 Bath
|
1500 ft²
|
$319,000
2 Bed
2 Bath
1500 ft²
|
$305,000
-4.39%
10/21/2015
|
Brenda McKenney
Compass
|
|
10/04/2013
| |
2 Bed
|
2 Bath
|
1500 ft²
|
$339,000
2 Bed
2 Bath
1500 ft²
|
$299,000
-11.80%
01/03/2014
|
Brenda McKenney
Compass
|
Building Info
About PGA West
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Listed by: Brenda McKenney, California Lifestyle Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 21482739DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 21482739DA
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