$2,150,000
●
House -
Off Market
4 Echo Lane
Rancho Mirage, CA 92270
4 Beds
4 Baths,
1
Half Bath
4,155 Ft²
$3,189,061
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Sean Lockyer and Studio ARD has designed and helped to create the
hands down the most authentic architectural project to be completed
in many years. Echo's ''bold world architecture'' becomes one with
its rugged yet majestic desert surroundings. Flooring flows from
interior to exterior and out into the landscape creating a striking
interaction between home and nature. Native flora edges up to the
living areas to further join the two. Mountainous panoramas are
framed by expansive walls of glass in the spacious great room and
master bedroom, engaging the distant vista as well as the near. In
a clean, crisp design technique, walls continue from the indoor
spaces to the outdoors in one, long beautiful sight line.
Unit Size
4,155 Ft²
Days on Market
123 days
Land Size
0.49 acres
Price per sqft
$554
Property Type
House
Property Taxes
-
HOA Dues
$386
Year Built
2020
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Cap Rate Calculator
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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: 4 months ago (CRMLS #219041132PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2020 | Sold | ||
| Sold | |||
| Mar 23, 2020 | Listed by Compass | $2,300,000 | |
| Listed by Compass | |||
| | |||
|
Sean Lockyer and Studio ARD has designed and helped to create the hands down the most authentic architectural project to be completed in many years. Echo's ''bold world architecture'' becomes one with its rugged yet majestic desert surroundings. Flooring flows from interior to exterior and out into the landscape creating a striking interaction between home and nature. Native flora edges up to the living areas to further join the two. Mountainous panoramas are framed by expansive walls of glass in the spacious great room and master bedroom, engaging the distant vista as well as the near. In a clean, crisp design technique, walls continue from the indoor spaces to the outdoors in one, long beautiful sight line.
| |||
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 Rancho Mirage
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: TTK Represents, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219041132PS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219041132PS
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