$850,000
●
House -
Off Market
106 Cabernet
Rancho Mirage, CA 92270
2 Beds
2 Baths
1,832 Ft²
$4,737
Est. Monthly
$420
HOA / Fees
5.16%
Cap Rate
About This Property
Phase 2 Plan 4 Spanish-inspired Sanctuary floor plan features 2
beds, 2 baths, and an office. This home offers breathtaking
south-facing mountain and greenbelt views from an oversized premium
lot. Step into luxury through the modern glass front door, onto
luxury vinyl plank flooring with upgraded base molding throughout.
The gathering room impresses with a multi-panel sliding door
system, upgraded lighting, and a contemporary hanging
fireplace--ideal for cozy evenings or entertaining guests. The
kitchen boasts an executive island with Bianco quartz counters,
42'' upper cabinets, a custom tile backsplash, a chef's package
including two ovens, a microwave, and a Whirlpool refrigerator
(currently in the garage). The cafe area provides direct patio
access and custom lighting, enhancing the ambiance. The owner's
suite offers stunning views of nature, a barn door leading to the
ensuite bathroom with dual vanities, and a large closet. Your
outdoor oasis includes a spa with a tanning shelf, zipper shades, a
misting system, and custom landscaping with a courtyard gate.
Additional features include leased Tesla solar ($96/mo), a bright
laundry room with built-in cabinets, and an office space. Schedule
your private showing today! Ask about ALL Del Webb's premier 55+
community has to offer!
Unit Size
1,832 Ft²
Days on Market
32 days
Land Size
0.16 acres
Price per sqft
$480
Property Type
House
Property Taxes
-
HOA Dues
$420
Year Built
2019
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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 #219113935DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | Listed by Equity Union | $879,000 | |
| Listed by Equity Union | |||
| Aug 27, 2023 | No longer available | - | |
| No longer available | |||
| Aug 2, 2023 | Listed by Equity Union | $959,000 | |
| Listed by Equity Union | |||
| | |||
|
OPEN HOUSE Sat, Aug 26 12:30-2pm. This stunning Spanish-inspired Sanctuary floor plan w/2beds, 2baths, and office will take your breath away with South Facing Mountain and Greenbelt views from this oversized premium lot. Step into luxury and elegance as you are greeted by a modern glass front door leading to Luxury Vinyl Plank and upgraded base molding throughout. The gathering room features a multi-panel sliding door system, upgraded lighting, and modern hanging fireplace - perfect for cozy evenings or entertaining guests! The kitchen features an executive island adorned with Bianco Quartz Counters, 42' uppers, custom tile backsplash, chef package including 2 ovens, microwave &Whirlpool Refrigerator (currently in garage). Enjoy incredible views from the cafe with direct patio access plus custom lighting for ambiance. Unwind in the Owners Suite complete with gorgeous views of nature outside plus barn door leading to the ensuite with dual vanities & large closet. Your outdoor oasis awaits in this backyard paradise featuring a spa w/tanning shelf, zipper shades PLUS misting system- all surrounded by custom landscape & courtyard gate! Plus, LEASED Tesla Solar ($96/mo), bright laundry room w/ built-in cabinets & office space too! Schedule your private showing! The manager has listed the unit size as 1832 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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HOA + Taxes
About Riverside
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Listed by: William Morgner, Equity Union
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113935DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113935DA
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