Listed by: Nancy Jones, Bennion Deville Homes
$450,000
●
House -
Off Market
7 Stanford Drive
Rancho Mirage, CA 92270
3 Beds
3 Baths
3,236 Ft²
$804,598
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model
About This Property
Best priced SHAUGHNESSY plan of 3236 sq ft w/ 3 bedrms & 3 baths in
The Springs CC. It's been nicely updated starting w/ new pavers in
the circular driveway to welcome guests, beautiful wooden front
glass doors, new carpet in bedrms & recently painted inside & out.
It has lovely south facing mountain views, greenbelt, wrap around
patio & built in BBQ. Interior is light & bright due to southern
exposure & neutral colors. Kitchen has been updated w/ newer
appliances, new quartz counters, subway tile backsplash & new
cabinet fronts. The lavish master suite has office/reading area &
huge walk in closet. Floor to ceiling sliders thru out bring the
outdoors in along w/ the high ceilings. A nearby large community
pool tops it off. The Springs CC is one of the most sought after
clubs in Rancho Mirage due to its location w/ access to dining,
shopping & recreation. The Springs has 46 community pools, 11
tennis courts, fitness center, private golf course & Eisenhower
Medical across the street.
Unit Size
3,236 Ft²
Days on Market
273 days
Land Size
0.16 acres
Price per sqft
$146
Property Type
House
Property Taxes
-
HOA Dues
$915
Year Built
1983
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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 #215026548DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2016 | Sold | ||
| Sold | |||
| Sep 17, 2015 | Listed by Bennion Deville Homes | $474,000 | |
| Listed by Bennion Deville Homes | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Springs Country Club
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Listed by: Nancy Jones, Bennion Deville Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 215026548DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 215026548DA
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