$875,000
●
House -
Off Market
11 Ridgeline Way
Rancho Mirage, CA 92270
3 Beds
3 Baths,
1
Half Bath
3,074 Ft²
$1,264,897
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
A LIFESTYLE modern California Classic on one-third acre south
facing lot with Panoramic Views of the Santa Rosa Mountain Range.
Enter Rotunda Foyer through the double glass door to a Modern
Design inspired decor with Living Room, surrounded in Glass,
Fireplace and Mountain Views adjoining the Family/Media Room/Wet
Bar with Kitchen that includes Custom Cabinetry, Island counter,
Granite Counter tops, Viking Stainless Appliances, Casual Dining
Niche, Breakfast Bar. Formal Dining Room surrounded in Art Niches
and Glass. Master Bedroom includes Retreat, Fireplace, Ensuite with
Custom Vanity, Walk-In Cedar Closet, Glass Shower Enclosure,
Soaking Tub with a Mountain View. Two Guest Bedrooms with Ensuites,
French Doors opening to a Private Patio. Travertine floors, Custom
paint, Hand plastered walls, Coffered ceilings, French Doors,
finish this Custom designed home. Outdoor Entertaining includes
Cooking Center, Patio Dining, Outdoor Heaters, Fire-pit, Custom
Design Salt Water Pebble finish Pool/Spa, Retractable Awnings and
Misting system complete this professionally Landscaped home with a
3 Bay Garage for Vehicle Collection.
Unit Size
3,074 Ft²
Days on Market
202 days
Land Size
0.34 acres
Price per sqft
$291
Property Type
House
Property Taxes
-
HOA Dues
$231
Year Built
2004
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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: 5 months ago (CRMLS #219033032DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2020 | Sold | ||
| Sold | |||
| Nov 1, 2019 | Listed by Compass | $895,000 | |
| Listed by Compass | |||
| | |||
|
A LIFESTYLE modern California Classic on one-third acre south facing lot with Panoramic Views of the Santa Rosa Mountain Range. Enter Rotunda Foyer through the double glass door to a Modern Design inspired decor with Living Room, surrounded in Glass, Fireplace and Mountain Views adjoining the Family/Media Room/Wet Bar with Kitchen that includes Custom Cabinetry, Island counter, Granite Counter tops, Viking Stainless Appliances, Casual Dining Niche, Breakfast Bar. Formal Dining Room surrounded in Art Niches and Glass. Master Bedroom includes Retreat, Fireplace, Ensuite with Custom Vanity, Walk-In Cedar Closet, Glass Shower Enclosure, Soaking Tub with a Mountain View. Two Guest Bedrooms with Ensuites, French Doors opening to a Private Patio. Travertine floors, Custom paint, Hand plastered walls, Coffered ceilings, French Doors, finish this Custom designed home. Outdoor Entertaining includes Cooking Center, Patio Dining, Outdoor Heaters, Fire-pit, Custom Design Salt Water Pebble finish Pool/Spa, Retractable Awnings and Misting system complete this professionally Landscaped home with a 3 Bay Garage for Vehicle Collection.
| |||
| Aug 22, 2019 | No longer available | - | |
| No longer available | |||
| May 30, 2019 | Price Decreased |
$950,000
↓ $50K
(5%) | |
| Price Decreased | |||
| Jan 27, 2019 | Price Decreased |
$999,900
↓ $50K
(4.8%) | |
| Price Decreased | |||
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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
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
About Mesquite Ridge
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Listed by: The Balog Group, Compass
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219033032DA
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219033032DA
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