$820,000
●
House -
Off Market
52 Cork Tree
Rancho Mirage, CA 92270
2 Beds
3 Baths,
1
Half Bath
2,504 Ft²
$965,286
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Newly constructed and highly upgraded ''Journey'' model home on a
large premium south-facing lot. The 2,500+ sqft home includes 2
bedrooms, 2 & 1/2 baths, versatile den/office or possible 3rd
bedroom, elegant dining room, butler's pantry, and a separate golf
cart garage. Generous open floor plan with soaring ceilings, tile
floors in the public areas, stylish finishes and custom blinds. The
spacious living room's glass doors open to the covered patio,
providing abundant natural light and openness while capturing
mountain and sunset views to the southwest. The Chef's kitchen
includes a large central island with Quartz countertops and an
elegant waterfall edge detail, KitchenAid stainless steel
appliances and upgraded white cabinets that extend up to the
ceiling. Energy efficient with an owned solar system (Tesla),
tankless water heater and desert landscape. The large
backyard has ample room to accommodate a pool and spa.Property has
been Virtually Staged.
Unit Size
2,504 Ft²
Days on Market
53 days
Land Size
0.18 acres
Price per sqft
$329
Property Type
House
Property Taxes
-
HOA Dues
$337
Year Built
-
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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 #219061349PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2021 | Sold | ||
| Sold | |||
| May 1, 2021 | Listed by Bennion Deville Home Referrals | $825,000 | |
| Listed by Bennion Deville Home Referrals | |||
Property Highlights
Garage
Air Conditioning
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 Riverside
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Listed by: Dan Thompson, Bennion Deville Home Referrals
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219061349PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219061349PS
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