$315,000
●
House -
Off Market
8322 Summit Pass
Desert Hot Springs, CA 92240
3 Beds
2 Baths
2,338 Ft²
$470,253
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
Gorgeous 5-Star Energy Efficient Home in Paradise Springs! Unique
property with its own pool, spa and a spectacular unobstructed
panoramic view of the valley mountains. The home opens up to grand
foyer and spacious living room with fireplace and picturesque
views. The large kitchen with center island and breakfast bar
offers an abundance of cabinet space and granite countertops
adjacent to the breakfast nook. In addition is a private formal
dining room, large wash room with additional storage and a walk-in
closet off the hallway. The master bedroom with rear slider access
boasts a large bath with dual sinks, jetted tub and walk-in closet.
The two front bedrooms are generous in size and share a full bath.
This exclusive 55+ gated community has a spacious clubhouse with a
massive pool, spa, gym and card room. Only 15 minutes away from
Palm Springs this home resides in the most preferred area of Desert
Hot Springs just minutes away from the I-10 freeway. Call us to
schedule a tour today!
Unit Size
2,338 Ft²
Days on Market
95 days
Land Size
0.16 acres
Price per sqft
$137
Property Type
House
Property Taxes
-
HOA Dues
$153
Year Built
2006
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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 #219006991DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2019 | Sold | ||
| Sold | |||
| Mar 6, 2019 | No longer available | - | |
| No longer available | |||
| Mar 4, 2019 | Listed by Desert Sands Realty | $319,900 | |
| Listed by Desert Sands Realty | |||
| Jan 19, 2019 | Price Decreased |
$334,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Jan 4, 2019 | Listed | $344,900 | |
| Listed | |||
| | |||
|
Gorgeous property in Paradise Springs! One of the few homes in the community with a pool, spa and a spectacular unobstructed panoramic view of the valley mountains. The home opens up to grand foyer and spacious living room with fireplace and picturesque views. The large kitchen with center island and breakfast bar offers an abundance of cabinet space and granite countertops adjacent to the breakfast nook. In addition is a private formal dining room, large wash room with additional storage and a walk-in closet off the hallway. The master bedroom with rear slider access boasts a large bath with dual sinks, jetted tub and walk-in closet. The two front bedrooms are generous in size and share a full bath. This exclusive 55+ gated community has a spacious clubhouse with a massive pool, spa, gym and card room. Only 15 minutes away from Palm Springs this home resides in the most preferred area of Desert Hot Springs just minutes away from the I-10 freeway. Call us to schedule a tour today! The manager has listed the unit size as 2338 square feet.
| |||
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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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Desert Hot Springs
Similar Homes for Sale
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Listed by: Sylvia Gaffney, Desert Sands Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219006991DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219006991DA
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