$456,700
●
House -
Off Market
70110 Chappel Road
Rancho Mirage, CA 92270
2 Beds
1 Bath
1,200 Ft²
$554,237
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Mid century mod meets tropical oasis. This cute 1966 bungalow
is located in a fabulous neighborhood in Rancho. Beautifully
maintained landscape leads you to the front door. You'll
immediately notice the bold red paint color and vine covered
pergolas. Upon entering you'll be greeted by an open and
inviting dining and entertaining space. The kitchen has been
nicely updated with breakfast bar, granite counters and stainless
appliances. It opens seamlessly to the living space making it
perfect for entertaining. A stacked washer and dryer are
neatly tucked away in a cabinet at the end of the kitchen. The home
features a master bedroom suite, guest bedroom and bath plus a
separate office. The private pool commands the center of
attention in the back yard. A pergola provides covered space
for casual outdoor dining. A very desirable one car garage is
attached and provides direct access into the house. This
lovely neighborhood is perfectly located and convenient to
everything the desert has to offer; outdoor activities, great
dining and top-notch shopping. Plus, no HOA dues and no land
lease!
Unit Size
1,200 Ft²
Days on Market
41 days
Land Size
0.17 acres
Price per sqft
$342
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1966
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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: 4 months ago (CRMLS #219046784PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2020 | Sold | ||
| Sold | |||
| Jul 27, 2020 | Listed by BHG Desert Lifestyle Properties | $410,000 | |
| Listed by BHG Desert Lifestyle Properties | |||
| | |||
|
Mid century mod meets tropical oasis. This cute 1966 bungalow is located in a fabulous neighborhood in Rancho. Beautifully maintained landscape leads you to the front door. You'll immediately notice the bold red paint color and vine covered pergolas. Upon entering you'll be greeted by an open and inviting dining and entertaining space. The kitchen has been nicely updated with breakfast bar, granite counters and stainless appliances. It opens seamlessly to the living space making it perfect for entertaining. A stacked washer and dryer are neatly tucked away in a cabinet at the end of the kitchen. The home features a master bedroom suite, guest bedroom and bath plus a separate office. The private pool commands the center of attention in the back yard. A pergola provides covered space for casual outdoor dining. A very desirable one car garage is attached and provides direct access into the house. This lovely neighborhood is perfectly located and convenient to everything the desert has to offer; outdoor activities, great dining and top-notch shopping. Plus, no HOA dues and no land lease!
| |||
Property Highlights
Garage
Air Conditioning
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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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Tamarisk Country Club
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Listed by: Michael Larson, BHG Desert Lifestyle Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219046784PS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219046784PS
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