Listed by: Cristie Bateman, HK Lane Real Estate
$392,500
●
Condo -
Off Market
3 Eric Circle
Rancho Mirage, CA 92270
3 Beds
3 Baths,
1
Half Bath
3,060 Ft²
$780,128
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model
About This Property
This is a great opportunity to become part of the desert lifestyle
at the Springs Country Club in beautiful Rancho Mirage. This 3
bedroom 3 bath Shaughnessy model has dramatic desert panoramic
views of the lake and mountains. The wrap around patio is a natural
extension of this property. Enjoy the built in barbecue in the
private side yard. Each bedroom opens to a private courtyard. The
Springs is situated in the heart of Rancho Mirage with a private
golf course, 42000 sq. ft. clubhouse, 11 tennis courts, state of
the art fitness center, and 46 community pools and spas. The
Springs Country club is conveniently located across from Eisenhower
Medical Center and near the best shopping, fine dining, and
cultural events that the desert has to offer. View this property
and make the Springs lifestyle yours.
Unit Size
3,060 Ft²
Days on Market
66 days
Land Size
0.12 acres
Price per sqft
$137
Property Type
Condo
Property Taxes
-
HOA Dues
$790
Year Built
1978
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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 #214081921DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 3, 2014 | Sold | ||
| Sold | |||
| Aug 29, 2014 | Listed by HK Lane Real Estate | $418,000 | |
| Listed by HK Lane Real Estate | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1
Levels: One
Interior Features: Wet Bar, Breakfast Area, Primary Suite, Walk In Closets
Appliances: Gas Cooktop, Disposal, Gas Water Heater, Refrigerator, Range Hood
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Doors: Double Door Entry
Laundry Features: Laundry Room
Has Fireplace
Gas, Living Room
Exterior Details
Year Built: 1978
Parcel Number: 688300022
Home Type: Residential
Foundation Details: Slab
Construction Materials: Stucco
Spa Features: Community, In Ground
Private Pool
Pool Features: In Ground
Lot Information: Cul De Sac, Sprinkler System
Lot Size Source: Assessor
Lot Size Acres: 0.12
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Forced Air, Natural Gas
Utilities: Cable Available
Location Details
Association Amenities: Clubhouse, Fitness Center, Golf Course, Maintenance Grounds, Lake Or Pond, Pet Restrictions, Tennis Courts, Cable Tv
Association Fee: $790
Association Fee Frequency: Monthly
Community Features: Golf, Gated
Security Features: Gated Community, Twenty Four Hour Security
Subdivision: The Springs C.C.
Subdivision Name: The Springs C.C.
Directions: Bob Hope Drive to the Springs Country Club Entrance. enter at Gate, make an immediate left onto Colgate. Turn right on Eric Circle. Property is at the end of the cul de sac. Cross Street: Colgate and Eric Ct..
Other Details
Listing Terms: Cash, CashToNewLoan
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2015
| |
3 Bed
|
3 Bath
|
3060 ft²
|
$560,000
3 Bed
3 Bath
3060 ft²
|
$560,000
01/27/2016
|
Dean Keefer
Bennion Deville Homes
|
|
08/29/2014
| |
3 Bed
|
3 Bath
|
3060 ft²
|
$418,000
3 Bed
3 Bath
3060 ft²
|
$392,500
-6.10%
11/03/2014
|
Cristie Bateman
HK Lane Real Estate
|
Building Info
About Springs Country Club
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Listed by: Cristie Bateman, HK Lane Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214081921DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214081921DA
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