$1,125,000
●
House -
Off Market
84300 Tramonto Way
Indio, CA 92203
4 Beds
2 Baths
1,737 Ft²
$1,213,809
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Rare opportunity to own a home on the most desirable area of the
lake in the short-term friendly community of Terra Lago. This home
is located on the side were all the homes are detached, private and
are all single story. This home was one of the original models and
has one of the largest lots on the lake. The lake views are the
most desirable and amazing as it looks out directly to the European
style bridge and will amaze your guest, family and/or your Airbnb
clientele. This home will be an amazing income generating rental
with a pool constructed. I've added a custom rendering that was
generated specifically for this home. The interior of the home
offers three bedroom's, a den that can be converted to a fourth
bedroom and two full baths. This home with the outstanding views
will be the perfect home to generate income as a short term rental
for many years to come. Do not let this opportunity pass you by.
Unit Size
1,737 Ft²
Days on Market
66 days
Land Size
0.15 acres
Price per sqft
$691
Property Type
House
Property Taxes
-
HOA Dues
$274
Year Built
2010
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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 #219077709DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| Apr 25, 2022 | Listed by HomeSmart | $1,199,900 | |
| Listed by HomeSmart | |||
| Dec 30, 2015 | Sold | ||
| Sold | |||
| Nov 6, 2015 | Listed by Nilson Realty | $324,000 | |
| Listed by Nilson Realty | |||
| | |||
|
Rarely available Prime Lake Front Single level home! Panoramic views of Shadow Hills Mountains, Lake & Tuscan Bridge! Beautifully upgraded Former Model Home, engineered wood floors, upgraded carpet, ceiling speakers, ceiling fans, roman shades/drapes & Decorator touches! Great floor plan w/3 bedrooms, 2 baths Plus Office w/built in desk, crown molding. Den could be 4th bedroom(add a closet & door). Charming kitchen w/Granite breakfast bar, Stainless Steel appliances. Great Room w/built in Entertainment Niche & TV! King sized Master w/lake & mountain views! Master bath w/separate tub/shower, dual sink vanity, walk in closet. Large pool sized yard! Enjoy fishing/boating right from your yard! Walk to Clubhouse, community pool/spa. Easy access 2 freeway/shopping, dining/entertainment. HOA dues includes gated community, Clubhouse, 24 hour fitness center, cable/internet by Verizon! Golf Club at Terra Lago w/resident rate. Offered furnished move right in & Enjoy!
| |||
| Aug 20, 2013 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indio
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Listed by: David Colin, HomeSmart
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219077709DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219077709DA
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