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$1,795,467Estimated home value

Beds
4
Baths
4.0
sq ft
3,280

72204 Rancho Rd, Rancho Mirage, CA 92270

72204 Rancho Rd

Rancho Mirage, CA 92270

  • Sold On 9/6/2024
This updated Spanish-style home spans approximately 3,280 sqft on nearly half an acre. Originally built in 1948, this impeccably maintained property marries timeless elegance with modern luxury. The main house features 3 bedrooms and 3 bathrooms, showcasing exquisite Saltillo floors, artisanal woodwork, and vibrant tile accents. The gorgeous kitchen is a chef's dream, boasting Italian cabinets, designer lighting, limestone countertops, and top-of-the-line Viking appliances. The primary suite is a true sanctuary with a spacious en-suite bath, dual walk-in closets, and a private patio with French doors opening to the pool and spa. Each additional bedroom offers unique touches of luxury, including bath and pool access. A separate 2 room casita with its own entrance and kitchen provides privacy and convenience for guests or extended family. The resort-like backyard is perfect for entertaining, featuring a sparkling pool and spa, fire pit, outdoor kitchen, and covered dining and lounge areas. Additional amenities include a separate laundry room, a 2-car garage with an EV charger, carport, and RV parking. The home's energy efficiency is unparalleled, with solar panels and a multi-zone HVAC system, including mini-splits, newer doors and windows earning it a Pearl Level certification. With no HOA fees and an enviable location, this gem is the epitome of luxurious desert living. Don't miss the opportunity to make this exceptional property your own.

Details

Property type

Single Family Residence

Est. home value

$1,795,467

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$557

Year built

1946

Price History

09/05/2024
DesertArea

DesertArea #219112825

Sold
$1,700,000
-6.85%
07/19/2024
DesertArea

DesertArea #219112825

Pending
$1,825,000
06/12/2024
DesertArea

DesertArea #219112825

Listed
$1,825,000
+48.37%

Schools & Community

Elementary school: 

Abraham Lincoln

Middle school: 

Palm Desert Charter

High school: 

Palm Desert

High school district: 

Desert Sands Unified

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

$1,129,895
Asking price
$1,825,000
Closing costs (~8% of asking)
-$146,000
Est. remaining loan balance
-$549,105
Cash to seller
$1,129,895

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

November 2020

Original loan amount

$600,000

Est. remaining balance

$549,105

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Richard Lobo and Karen Quimby

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?

Status: Off Market

Tomo last checked: 10/04/2024 at 7:45 PM

Listing updated: 09/06/2024 at 3:11 AM

Listed by: Geoff McIntosh, Coldwell Banker Realty Phone #: (562) 494-4600

MLS: DesertArea #219112825

DesertArea logo

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