18 Cornell Drive
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | Listed by The Agency | $1,400,000 | |
| Listed by The Agency | |||
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Contemporary Pool Home with South & West views! Beautifully updated throughout, this modified Augusta model at The Springs CC is the epitome of tranquility & desert living. This 3bd home with 3 ensuite bathrooms is offered Furnished per inventory. Solar lease includes 42 panels for low electric costs! Private patio features saltwater pool/spa + waterfall feature, covered areas for dining/entertaining, misting system & stunning mountain views. Open floor plan encompasses a light-filled living room w/fireplace & dining area. Remodeled kitchen includes dining area w/access to patio & updates including custom cabinetry, quartz countertops, high-end stainless appliances & bar area open to living room. Other updates include: wood-like plank flooring in bedrooms, office builtins, double glass doors at front entry...and more! Primary suite is a beautiful retreat - access to the pool area + 2 large closets. Ensuite bathroom has updated dual vanities & spa-like bath w/separate walk-in shower. The second large suite at front of home offers a private patio, builtins, large walkin closet & ensuite bathroom w/shower. 3rd guest suite is currently used as an office - with built-in desk & shelves + ensuite bathroom. Attached 2-car garage + space for golf cart. The Springs CC is a guard-gated community in Rancho Mirage, adjacent to Eisenhower Medical Ctr, just minutes from shopping/dining at El Paseo in Palm Desert & Palm Springs Airport. Social membership included in monthly HOA fee.
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| Mar 16, 2020 | Sold | ||
| Sold | |||
| Dec 3, 2019 | Listed by Keller Williams Luxury Homes | $679,000 | |
| Listed by Keller Williams Luxury Homes | |||
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Tranquility and desert living at its best await behind the gates of the coveted gated enclave of the Springs Country Club, a premier golf community perfectly located in Rancho Mirage adjacent to the Eisenhower Medical Center and minutes away from Palm Springs international airport. The Springs C.C. offers spectacular amenities & an 18 hole golf course designed by Desmond Muirhead. Tucked away in the community with awesome views of the San Jacinto mountains as a dramatic backdrop, this single level residence featuring nearly 2600 sq ft of living space with 3 bedrooms/3 baths is sure to impress. This home benefited from many substantial updates with a sophisticated and striking contemporary style. Enjoy cooking a delicious meal in the remodeled gourmet kitchen with custom cabinetry, quartz counter tops & high end stainless appliances. Relax in the spacious master suite with an updated spa like bath. Outdoors await a large enclosed landscaped backyard with great privacy, a private sparkling salt water pool/spa with waterfall feature & ample space to entertain in all scales. A two car garage plus golf cart garage & a leased solar system top it all off......a true Shangri-La!
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| Aug 9, 2019 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017