69517 Iberia Court, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 2 bath
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Rancho Mirage, California 92270
This Value-Driven Condominium is a Strong Value Opportunity, listed at $235,000—positioned well below the $249,000 Fair Market Value by 5%. This valuation gap provides $14,000 in Instant Equity for buyers. Featuring a Condition Rating of 4, the 3-bedroom unit is functional yet offers significant upside through cosmetic updates. Located in the desirable Mountain View Villas near Cathedral City High School, it balances investment potential with a low-maintenance lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 69517 Iberia Court Subject | $175,000* List Price | 3 | 2 | 1,128 | $142 | - |
A 35612 Graciosa Court Sold | $130,000 | 2 | 2 | 999 | $130 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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of any mentioned recent extensive renovations, it's highly probable that the interior components are functional but outdated, requiring minor to moderate updates to meet current standards and aesthetics.
Situated in Rancho Mirage, a highly sought-after desert community known for its upscale lifestyle, amenities, and favorable climate.
Listed at $249,000, this 3-bedroom condominium offers an attractive and accessible entry price for the Rancho Mirage market.
The property boasts convenient proximity to well-rated elementary, middle, and high schools, ideal for families.
The property is subject to a land lease, which can introduce complexities regarding financing, long-term appreciation, and overall ownership costs.
The presence of a tenant requires careful coordination for property showings and may impact the timeline for a new owner's occupancy.
The $499 monthly association fee represents a significant ongoing expense that prospective buyers must factor into their budget.
Complex is off Gerald Ford between DaVall and PlumleyMajor price reduction!All info should be verified with HOA prop manager and Fey's Canyon Financial Services (lease information)Tenant in property - call agent to show
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 3.6 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,128 | 1,770 | 15% |
| Lot Size | - | 2,614 | 17% |
| Price | $175.0K | $570.0K | 2% |
| Price per sq ft | $155 | $324 | 2% |
| Built year | 1979 | 1979 | 50% |
| HOA | $499.0 | $830 | 7% |
| Days on market | 86 | 153 | 24% |
Apr 10, 2026
$175,000
$235,000
-26% Price Drop
Initial Listing
Mar 20, 2026
$235,000
$249,000
-6% Price Drop
Initial Listing
Jan 27, 2026
$249,000
Initial Listing
Oct 10, 2018
$1,938,000
Public Record
Oct 5, 2018
$7,750,000
Public Record