69517 Iberia Court, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 2 bath
69517 Iberia Court
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 69517 Iberia Court, Rancho Mirage, California 92270 is currently available with a list price of $249,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Rancho Mirage Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1979, making it 45 years old. While the exterior and common areas appear well-maintained, there are no interior images to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical systems. Given its age and the lack of any mentioned recent extensive renovations, it's highly probable that the interior components are functional but outdated, requiring minor to moderate updates to meet current standards and aesthetics.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Location
Situated in Rancho Mirage, a highly sought-after desert community known for its upscale lifestyle, amenities, and favorable climate.
- Competitive Price Point
Listed at $249,000, this 3-bedroom condominium offers an attractive and accessible entry price for the Rancho Mirage market.
- Excellent School Access
The property boasts convenient proximity to well-rated elementary, middle, and high schools, ideal for families.
CONSRISKS & DEFICIENCIES
- Land Lease Structure
The property is subject to a land lease, which can introduce complexities regarding financing, long-term appreciation, and overall ownership costs.
- Tenant Occupied
The presence of a tenant requires careful coordination for property showings and may impact the timeline for a new owner's occupancy.
- High Monthly HOA Dues
The $499 monthly association fee represents a significant ongoing expense that prospective buyers must factor into their budget.
About 69517 Iberia Court
Complex is off Gerald Ford between DaVall and PlumleyAll info should be verified with HOA prop manager and Fey's Canyon Financial Services (lease information)Tenant in property - call agent to show
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $499.0 / Month
Neighborhood Insights
Rancho Mirage Unified Schools
Cathedral City Elementary School
Grades K-5 • 0.3 mi
Rancho Mirage Elementary School
Grades K-5 • 3.6 mi
Nellie N. Coffman Middle School
Grades 6-8 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 52% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,128 | 1,813.5 | 17% |
| Lot Size | - | 2,272.5 | 20% |
| Price | $249.0K | $537.5K | 2% |
| Price per sq ft | $221 | $307 | 11% |
| Built year | 1979 | 1979 | 50% |
| HOA | $499.0 | $814 | 6% |
| Days on market | 40 | 158 | 5% |
Pricing History
Listed for Sale
Jan 27, 2026
$249,000
Initial Listing
Sold
Oct 10, 2018
$1,938,000
Public Record
Sold
Oct 5, 2018
$7,750,000
Public Record