Listed by: Encore Premier Group, Bennion Deville Homes
$1,525,000
●
House -
Off Market
7 Mcgill Drive
Rancho Mirage, CA 92270
3 Beds
3 Baths
3,307 Ft²
$8,672
Est. Monthly
$1,552
HOA / Fees
4.09%
Cap Rate
About This Property
Here is a rare opportunity to own a sought after free-standing La
Jolla floor plan in The Springs! With a stunning cathedral ceiling
in the living/dining room, it is the ideal place to entertain or
just relax and enjoy its peaceful elegance. Energy efficiency
abounds with its two new HVAC systems and ducting, tankless water
heater, OWNED SOLAR (32 panels) and EV car charger. The large salt
water pool has been updated with new tile, Pebble Tec finish and a
soothing waterfall. Situated on a large, private lot there are
numerous outdoor spaces to dine or relax and enjoy the mountain
views. Situated inside the gates of The Springs, you will enjoy an
active lifestyle of golf, tennis and pickle ball along with
numerous social and club activities in the gorgeous clubhouse.
Please call today for your private showing. The Springs is where
you belong!
Unit Size
3,307 Ft²
Days on Market
34 days
Land Size
0.20 acres
Price per sqft
$438
Property Type
House
Property Taxes
-
HOA Dues
$1,552
Year Built
1983
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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 #219110240PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | Listed by Bennion Deville Homes | $1,450,000 | |
| Listed by Bennion Deville Homes | |||
| Jul 6, 2019 | No longer available | - | |
| No longer available | |||
| Jun 15, 2019 | Relisted | $745,777 | |
| Relisted | |||
| May 25, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Springs Country Club
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Listed by: Encore Premier Group, Bennion Deville Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219110240PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219110240PS
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