Listed by: John Bomgardner, Bennion Deville Homes
$1,689,000
●
House -
Off Market
70288 Calico Road
Rancho Mirage, CA 92270
2 Beds
3 Baths,
1
Half Bath
2,813 Ft²
$3,238,807
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model
About This Property
Stunning Views of Mountains, Valley and City Lights in Coveted
Thunderbird Heights - Completely Renovated Contemporary with Highly
Upgraded Finishes. Enter the almost 1/2 acre corner lot compound
through custom gate to a large courtyard. Inside you find the best
of everything - an open Great Room plan with marble fireplace,
bamboo and limestone floors and walls of glass to enjoy views from
both sides. Gourmet Chef's Kitchen with slab granite counters, Wolf
and Subzero stainless appliances and Dining area with wine cellar
all open to the Great Room. Den/ Media Room provides more room for
entertaining and a wet bar. Master Suite with mountain views
features a refreshment center, spa bath with marble finishes and
steam shower. Guest Suite with marble filled bath on opposite wing
of the house. Great Indoor/Outdoor living with multi-level
terraces, very private swimmer's pool, built-in BBQ and large
courtyard spa. Ready for entertaining or daily living - your
stylish desert home awaits!
Unit Size
2,813 Ft²
Days on Market
48 days
Land Size
0.45 acres
Price per sqft
$604
Property Type
House
Property Taxes
-
HOA Dues
$413
Year Built
1962
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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: 2 years ago (CRMLS #214003168DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 27, 2024 | No longer available | - | |
| No longer available | |||
| Apr 14, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | Price Decreased |
$3,375,000
↓ $270K
(7.4%) | |
| Price Decreased | |||
| Dec 12, 2023 | Price Decreased |
$3,645,000
↓ $100K
(2.7%) | |
| Price Decreased | |||
| Oct 18, 2023 | Listed by Thunderbird Only | $3,745,000 | |
| Listed by Thunderbird Only | |||
| | |||
|
Massive price reduction! High in Thunderbird Heights. M's cottage offers one of the most private settings in the area. Property is completely shielded from the outside world with amazing gardens and surrounds. Once inside you will find terrazzo tile through out the inside and out! No expense spared in making this home easy to live in. All automation is in, surround sound everywhere including the exterior patios. Professional kitchen with eight burner cook top! Two suites with private baths. Powder room is a blast! Update;
Plan for a new Casita just reviewed by the City of Rancho Mirage. Casita would be approx 467 sq. ft. as drawn.
Call for a peek you wont be disappointed. The manager has listed the unit size as 3332 square feet.
| |||
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About Thunderbird
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Listed by: John Bomgardner, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214003168DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214003168DA
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