Listed by: David Sidley, Desert Sotheby's International Realty
$1,500,000
●
House -
Off Market
70460 Mottle Circle
Rancho Mirage, CA 92270
4 Beds
3 Baths,
1
Half Bath
3,156 Ft²
$1,305,082
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
Ground was broken on March 15, 1962, for Tamarisk Village and five
prototype homes, designed by legendary architect Hugh Kaptur were
built. Tamarisk Village was deemed too expensive at $65,000 -
about twice the average home price at the time - and the
development was never completed. A few of the original
prototype homes remain, and this is one of them. Expanded in
the 1990s, the home retains its original footprint and most
architectural details. This truly is a once-in-a-lifetime
opportunity to own a piece of history. A true architectural
mid-century diamond in the rough. Possible historic
designation. Copies of original blueprints on file.
Exceptional offering.
Unit Size
3,156 Ft²
Days on Market
52 days
Land Size
0.33 acres
Price per sqft
$410
Property Type
House
Property Taxes
-
HOA Dues
-
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: 3 years ago (CRMLS #219076841DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2022 | Sold | ||
| Sold | |||
| Apr 8, 2022 | Listed by Desert Sotheby's International Realty | $1,295,000 | |
| Listed by Desert Sotheby's International Realty | |||
| Jun 28, 2021 | Sold | ||
| Sold | |||
| May 26, 2021 | Listed by Desert Sotheby's International Realty | $900,000 | |
| Listed by Desert Sotheby's International Realty | |||
| | |||
|
Located in a peaceful area of Tamarisk Heights in Rancho Mirage sits an expanded 1962 mid-century residence designed by architect Hugh Kaptur! Through the skylighted gated entry sit two convenient entrances. The floor plan allows for one entrance to act as a separate living quarters! Once inside this elegant home of the main entrance your eyes are drawn to the exquisite Stone fireplace in the living room and a relaxing view of the salt water pool & lush landscaping. The kitchen features tile floors, double ovens, and a five-burner cook top. The master suite opens onto a covered patio with a cooling view of the pool and spa and has matching vanities facing each other with two walk-in closets. There is a guest suite with its own entry that includes a large den/bonus room attached to a large bedroom and mini kitchen including a washer & dryer. The spacious and very private backyard is perfect for entertaining. Make this your own with a piece of Rancho Mirage history!
| |||
| Jul 13, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Tamarisk Country Club
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Listed by: David Sidley, Desert Sotheby's International Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219076841DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219076841DA
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