$649,000
●
House -
Off Market
78 Colgate Drive
Rancho Mirage, CA 92270
4 Beds
4 Baths
2,969 Ft²
$877,316
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Major price reduction..Amazing value in the heart of Rancho Mirage.
Former home of baseball legend, Don Drysdale. This
highly coveted Pebble Beach plan has been elegantly gut renovated
with the finest materials including quartz and granite countertops,
wood-grained porcelain tile. Very open floor plan and neutral
decor, 3 large bedrooms with en-suite bathrooms. 4th bedroom has
been converted to a family/TV room and easily converted back with
en-suite Bath. The stunning kitchen features wood cabinets,
quartz countertops and stainless steel appliances..The front-loaded
private pool has a pebble-tec finish and a step down bar..The
master bath features a steam shower and Toto Neorest toilet.
The in-ground spa is outside the Master Bath..Awesome
mountain, greenbelt and golf course views. The HOA covers
Social membership at the Springs CC with a newly renovated club
house, 46 community pools, tennis center, cable and internet,
security and much more..
Unit Size
2,969 Ft²
Days on Market
45 days
Land Size
0.15 acres
Price per sqft
$219
Property Type
House
Property Taxes
-
HOA Dues
$1,103
Year Built
1978
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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 (CLAW #20612448)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2022 | Sold | ||
| Sold | |||
| Sep 23, 2022 | Listed by Compass | $1,295,000 | |
| Listed by Compass | |||
| | |||
|
Re-Styled Pool Home! Modified Pebble Beach at The Springs CC in Rancho Mirage CA. Owned Solar! Private pool situated in front courtyard for sun & south mountain views. Contemporary updates & high-end finishes throughout! Wrap-around patio with access from the living, dining, morning and master bedroom with beautiful west mountain, pool + course views. Offered furnished per inventory. Boutique hotel vibes! Private pool with great lounging areas in front courtyard. Beautiful updates include quartz counters, plank tile flooring, recessed lighting, KitchenAid appliances and more! Owned Solar! 24 panels, installed in December 2020Upgraded systems include: 2 new HVAC units (2021), new pool heater & pump (2021), 2 salt systems (2020-2021), pool decking & drains re-done (2021), all slider doors have new screens & hardware (2020-2021). Living room features fireplace & wet bar. Kitchen features contemporary cabinetry, tile accents, stainless appliances. Pass-through window from kitchen with counter seating for ease of outdoor dining! Dining room off the kitchen also opens out to patio. Home modified to create a spacious family room w/builtins & several seating areas. Master suite opens out to back patio. Private spa off back patio & master suiteMaster en suite bathroom has direct access to patio spa & features dual sinks, tub and separate shower. 2 en suite guest rooms - both have access to the front courtyard pool area & feature updated bathrooms. Attached 2 car + golf cart garage.
| |||
| Sep 3, 2022 | No longer available | - | |
| No longer available | |||
| Aug 22, 2022 | Price Decreased |
$1,229,000
↓ $71K
(5.5%) | |
| Price Decreased | |||
| Jul 12, 2022 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
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Fireplace
With View
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: Andrew Teitel, The Agency
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20612448
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20612448
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