Listed by: John Xepoleas, Xepco Properties
$449,000
●
Condo -
Off Market
40 Durango Circle
Rancho Mirage, CA 92270
3 Beds
2 Baths
1,621 Ft²
$509,705
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Great opportunity to own in desirable Rancho Las Palmas! This condo
is in a great location with large patio facing east on a double
fairway with lots of sunshine perfect in the winter for those
morning cups of coffee. Condo is offered furnished and features 3
Bed and 2 Baths with the 3rd bedroom currently used as an office.
This condo is light and bright featuring tile and carpet flooring,
views from the living room and an attached garage. Rancho Las
Palmas features many amenities with several pools/spas, fitness
center, 27 hole golf course and tennis courts. Located across the
street from ''The River'' offering shopping, restaurants, and much
more! You don't want to miss this one.
Unit Size
1,621 Ft²
Days on Market
83 days
Land Size
0.06 acres
Price per sqft
$277
Property Type
Condo
Property Taxes
-
HOA Dues
$608
Year Built
1977
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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 #219064346DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2021 | Sold | ||
| Sold | |||
| Jul 1, 2021 | Listed by Xepco Properties | $449,000 | |
| Listed by Xepco Properties | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Covered
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Levels: One
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Exterior Details
Year Built: 1977
Parcel Number: 682346044
Home Type: Residential
Spa Features: Community, In Ground
Private Pool
Pool Features: Community, In Ground
Lot Size Source: Assessor
Lot Size Acres: 0.06
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
Association Amenities: Fitness Center, Golf Course, Lake Or Pond, Tennis Courts
Association Fee: $524
Association Fee Frequency: Monthly
Association Fee2: $84
Association Fee2 Frequency: Monthly
Community Features: Gated, Pool
Security Features: Gated Community
Subdivision: Rancho Las Palmas C.
Subdivision Name: Rancho Las Palmas C.
Directions: Google Maps Cross Street: Durango Cir and San Sebastian Dr.
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 |
|---|---|---|---|---|---|---|---|
|
07/01/2021
| |
3 Bed
|
2 Bath
|
1621 ft²
|
$449,000
3 Bed
2 Bath
1621 ft²
|
$449,000
09/22/2021
|
David Mercado Cruz
Xepco Properties
|
Building Info
About Rancho Las Palmas Country Club
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Listed by: John Xepoleas, Xepco Properties
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064346DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219064346DA
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