tomo logo

$1,425,000

Beds
5
Baths
5.0
sq ft
4,355

40 Scarborough Way, Rancho Mirage, CA 92270

40 Scarborough Way

Rancho Mirage, CA 92270

  • 41 days on market
    • Price drop $25,000↓
Welcome home to this beautifully remodeled, furnished home offering a desert paradise with top-tier indoor and outdoor furnishings, making every day feel like a vacation. Enjoy the expansive saltwater pool and spa in a backyard designed for entertainment. The home features the largest one-story layout in Victoria Falls, with 5 bedrooms, 5.5 bathrooms, and includes an attached casita with its own private entrance, all set on over half an acre. The welcoming private courtyard with a water feature and glass double doors opens to a grand entry. Inside, the living room boasts a fireplace, wet bar, and large windows that frame the serene pool oasis. The chef's kitchen is equipped with updated countertops, stainless steel appliances, pantry, double ovens, and an island, complemented by a breakfast nook and dining area. Adjacent to the kitchen, a cozy den with a fireplace offers direct access to the patio. The luxurious master suite features a fireplace, a large custom shower, and a walk-in closet. Additionally, there are three guest bedrooms, each with en-suite bathrooms, and high-end finishes like high ceilings, plantation shutters, custom blinds, new large tile flooring, and fresh paint throughout. The outdoor living space includes a vast patio with a resort-sized saltwater pool, raised spa, stunning views, and retractable awnings. A three-car garage completes the property. Situated in the gated Victoria Falls community, residents enjoy tennis, pickle ball, and basketball courts. Conveniently located near world class shopping, dining, golf, and just a short drive from Palm Springs International Airport.

Details

Property type

Single Family Residence

Est. home value

$1,381,066

Property condition

Updated/Remodeled

Lot size

0.4 acres

Price per sq ft

$328

Year built

2000

Monthly HOA fee

$380

Price History

06/24/2024
CLAW

CLAW #24395741

Price change
$1,425,000
-1.72%
05/23/2024
CLAW

CLAW #24395741

Listed
$1,450,000
+6.23%
09/06/2023
CRMLS

CRMLS #IV23008699

Sold
$1,365,000
+77.27%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$231,369
Asking price
$1,425,000
Closing costs (~8% of asking)
-$114,000
Est. remaining loan balance
-$1,079,631
Cash to seller
$231,369

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fidelity Lending Solutions Inc

Loan start date

June 2023

Original loan amount

$1,092,000

Est. remaining balance

$1,079,631

Interest rate

6.43%

Loan type

New Conventional, 30 year

Seller

Ryan Gregory Block and Madison Sara Block

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/03/2024 at 10:05 AM

Listing updated: 06/24/2024 at 1:54 PM

Listed by: Ryan Williams, Equity Union Phone #: (818) 989-2000

MLS: CLAW #24395741

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