$950,000
●
House -
Off Market
40500 Paxton Drive
Rancho Mirage, CA 92270
4 Beds
4 Baths,
1
Half Bath
3,712 Ft²
$1,738,469
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
Timeless Elegance - Beautifully designed, light and spacious home
with Walls of Glass in all directions, opening to lush and tranquil
grounds. Entry gate leads to large, private courtyard with French
doors extending into multiple living spaces throughout this lovely,
charming, warm and inviting home. This gorgeous home flows
beautifully with lots of common area living space to share and
private bedroom space in which to retreat. Gourmet indoor-outdoor
cooks kitchens, perfect for large groups or intimate gatherings.
Two large Living Rooms and Master Bedroom, each with its own
fireplace and views to the lush outside with mountain views and a
serene backyard, meandering brook, citrus & palm trees, gardens and
nicely designed, salt water pool & spa. 4 Bedrooms each with
ensuite baths and private entrances, Viking BBQ, 24 Hr Guard Gated
Community in the highly acclaimed Thunderbird Terrace. 5-10 minutes
to Palm Springs or Palm Desert and El Paseo shopping, restaurants,
grocery stores, McCallam Theater, golfing, Rancho Mirage Library,
Eisenhower Medical Center, Sunnylands Museum and the Ritz Carlton -
A Must See!
Unit Size
3,712 Ft²
Days on Market
193 days
Land Size
0.42 acres
Price per sqft
$310
Property Type
House
Property Taxes
-
HOA Dues
$600
Year Built
1981
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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: 5 months ago (CRMLS #OC17278794)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2018 | Sold | ||
| Sold | |||
| Dec 22, 2017 | Listed by Coldwell Banker Res. Brokerage | $1,149,000 | |
| Listed by Coldwell Banker Res. Brokerage | |||
Property Highlights
Air Conditioning
Fireplace
With View
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 Thunderbird
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Brit Babcock, Coldwell Banker Res. Brokerage
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC17278794
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC17278794
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