$799,000
●
House -
Off Market
70732 Fairway Drive
Rancho Mirage, CA 92270
3 Beds
3 Baths
3,804 Ft²
$1,080,086
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Welcome to the prestigious Thunderbird Country Club, located in the
middle of Rancho Mirage, the Beverly Hills of the Desert. Amazing
opportunity to bring this original home back to life! This 3,800
SqFt property sits on a premium SW facing lot, with majestic
mountain views from the pool/ spa. Cozy and spacious California
Style home includes a master suite, plus a bonus room that can be
used as an office, fitness room or sitting room. There is 1 guest
bedroom that could be a 2nd master suite. There is a 3rd guest
bedroom & bathroom, which is the attached casita. Home also offers
a huge living room with a mid-century modern stone fireplace, a
family room (or formal dining), & original kitchen, leading to the
back patio, which over looks the fairway. Walking distance to the
exclusive Thunderbird Country Clubhouse! Other amenities: Freshly
painted interior; new carpet in bedrooms; new flooring in 2
bathrooms; single story property; finished 3 car garage, cedar
lined walk in closets, shutters, interior laundry & more! This is a
Must See with endless possibilities.
Unit Size
3,804 Ft²
Days on Market
98 days
Land Size
0.32 acres
Price per sqft
$210
Property Type
House
Property Taxes
-
HOA Dues
$400
Year Built
1970
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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: 5 months ago (CRMLS #219044287DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2020 | Sold | ||
| Sold | |||
| Jun 9, 2020 | Listed by Compass | $799,000 | |
| Listed by Compass | |||
| | |||
|
Welcome to the prestigious Thunderbird Country Club, located in the middle of Rancho Mirage, the Beverly Hills of the Desert. Amazing opportunity to bring this original home back to life! This 3,800 SqFt property sits on a premium SW facing lot, with majestic mountain views from the pool/ spa. Cozy and spacious California Style home includes a master suite, plus a bonus room that can be used as an office, fitness room or sitting room. There is 1 guest bedroom that could be a 2nd master suite. There is a 3rd guest bedroom & bathroom, which is the attached casita. Home also offers a huge living room with a mid-century modern stone fireplace, a family room (or formal dining), & original kitchen, leading to the back patio, which over looks the fairway. Walking distance to the exclusive Thunderbird Country Clubhouse! Other amenities: Freshly painted interior; new carpet in bedrooms; new flooring in 2 bathrooms; single story property; finished 3 car garage, cedar lined walk in closets, shutters, interior laundry & more! This is a Must See with endless possibilities.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
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Type
Beds
Baths
ft²
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Closing Price
Sold On
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HOA + Taxes
About Thunderbird
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Listed by: Canavan Coit and Associates, Compass
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219044287DA
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 219044287DA
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