Listed by: Signe Beck, Keller Williams Luxury Homes
$570,000
●
House -
Off Market
9 Hillcrest Drive
Palm Desert, CA 92260
4 Beds
4 Baths,
1
Half Bath
2,716 Ft²
$1,005,790
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model
About This Property
Centrally located in the gated community of Montecito, this four
bedroom, 3 and a half bath pool home with 3 car garage is move in
ready! Inside, sleek design and function is apparent, with formal
living and dining, kitchen with granite slab counter tops, great
room with fireplace and custom wood shutters. Enjoy the surround
sound system both inside and out. The master suite has easy access
to the pool and spa, and its own bathroom, and 2 walk in closets.
Two of the bedrooms connect to a bathroom, and the fourth bedroom
is ensuite with its own bathroom. Interior upgrades include a water
filtration system, interior painting, closet built ins, and cabinet
pull outs in kitchen. Outside, new desert landscaping with new
irrigation system, newer water heater, newer exterior paint, and
misting system. The back yard is private with a covered patio, and
sparkly salt water pool with a variable speed pool heater. This
home is available partially furnished, and is ready for your
arrival!
Unit Size
2,716 Ft²
Days on Market
125 days
Land Size
0.23 acres
Price per sqft
$221
Property Type
House
Property Taxes
-
HOA Dues
$175
Year Built
1998
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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 #216027246DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2023 | No longer available | - | |
| No longer available | |||
| Jul 21, 2023 | In contract | - | |
| In contract | |||
| Jun 24, 2023 | Price Decreased |
$1,040,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Apr 12, 2023 | Listed by Desert Elite Properties | $1,050,000 | |
| Listed by Desert Elite Properties | |||
| | |||
|
Gorgeous pool home located in the gated community of Montecito Homes. This home offers 4 spacious bedrooms, 3.5 baths, open floor plan, living/dining area combo, family room, breakfast bar, & a beautiful kitchen.The backyard is amazing with a sparkling pool & spa, new built in BBQ plus cook top burners, TV, fire pit, covered patio with several different seating areas to enjoy the desert'sincredible weather. Full three car garage, dual A/C units, one which is new, new water heater and clothes dryer. Montecito Homes is a small locals style development but close to all, including Desert Willow golf courses. You will feel relaxed in this tranquil setting! Come and enjoy the desert! Seller requires a 1031 tax deferred exchange, which buyer will need to participate in. Must close July 6, 2023 or later. ThanksRestaurant's & shopping are walking distance. El Paseo & Palm Springs are just minutes away. The manager has listed the unit size as 2716 square feet.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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About Palm Desert
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Listed by: Signe Beck, Keller Williams Luxury Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216027246DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216027246DA
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