71568 Tangier Road, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 2 bath

71568 Tangier Road, Rancho Mirage, California 92270 home-pic-0
ACTIVE$799,000
71568 Tangier Road, Rancho Mirage, California 92270
3Beds
2Baths
1,774Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($358,161.93) is $440,838.07 (55%) lower than the list price ($799,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1774.
Top Cons:
Significant Valuation Discrepancy: The current listing price of $799,000 is substantially higher than the estimated property value of $358,161.93, indicating a potential overvaluation that could impact market appeal and sale duration.

Compared to the nearby listings

Price:$799.0K vs avg $1.08M ($-281,000)22%
Size:1,774 sqft vs avg 2,895.5 sqft10%
Price/sqft:$450 vs avg $42263%

More Insights

Built in 1963 (62 years old).
Condition: Despite being built in 1963, this property has undergone an extensive and high-quality renovation, bringing it to a virtually new condition. The description highlights a 'Mid-Century renovated abode' with resurfaced concrete flooring, retextured interior walls, and a custom iron front door. The kitchen features new European-style cabinetry, designer tile backsplash, stainless steel appliances with a range hood, and sleek stone countertops. Bathrooms are fully remodeled with a stand-alone tub, tiled shower, upgraded hardware, and newer vanities. The images confirm these modern updates, showcasing a fresh, contemporary aesthetic throughout, particularly in the kitchen and bathrooms. All key components appear new or virtually new, meeting current quality standards.
Year Built
1963
Close
-
List price
$799K
Original List price
$895K
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
219123158DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

This Mid-Century renovated abode in the well-located Magnesia Falls neighborhood features a welcoming open-concept interior and two private exterior entertainment areas, while being surrounded by the mountains of the adjacent cove. The current owner has improved many aspects of the property, including resurfacing the flooring to beautifully stained concrete, retexturing interior walls, and installing a stunning custom-designed iron front door. The kitchen has been upgraded with a European-style flair, featuring new cabinetry, a designer tile backsplash, stainless steel appliances with a range hood, and sleek stone countertops. The remodeled bathrooms boast a stand-alone bathtub, tiled shower, upgraded hardware, and newer vanities, while a striking large rock fireplace has an added tile facade extending to the ceiling. The low-maintenance yard areas include installed grass turf, ample space for gardening, several mature trees, and patio coverage. Additional amenities include a two-car garage with a large driveway, a suitable laundry room, and two guest bedrooms. Magnesia Falls is conveniently located just south off Historic Highway 111, close to various dining and shopping options, and there are no HOA dues.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,K-50.4mi
3/10
Nellie N. Coffman Middle School
Public,6-84.4mi
5/10
Rancho Mirage High
Public,9-125.9mi
4/10
Desert Learning Academy
Public,K-128.1mi
Condition Rating
Excellent

Despite being built in 1963, this property has undergone an extensive and high-quality renovation, bringing it to a virtually new condition. The description highlights a 'Mid-Century renovated abode' with resurfaced concrete flooring, retextured interior walls, and a custom iron front door. The kitchen features new European-style cabinetry, designer tile backsplash, stainless steel appliances with a range hood, and sleek stone countertops. Bathrooms are fully remodeled with a stand-alone tub, tiled shower, upgraded hardware, and newer vanities. The images confirm these modern updates, showcasing a fresh, contemporary aesthetic throughout, particularly in the kitchen and bathrooms. All key components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1774.
Extensive Modern Renovations: The property has undergone significant recent upgrades, including resurfaced concrete flooring, retextured interior walls, a custom iron front door, a European-style kitchen with new cabinetry, designer backsplash, stainless steel appliances, and stone countertops, as well as remodeled bathrooms with a stand-alone tub and upgraded fixtures. This makes the home move-in ready and aesthetically appealing.
Desirable Mid-Century Style & Open Concept: As a 'Mid-Century renovated abode,' it offers a classic architectural style combined with a welcoming open-concept interior, appealing to buyers seeking a blend of vintage charm and modern living.
Prime Location with Mountain Views & No HOA: Located in the well-regarded Magnesia Falls neighborhood, the property is surrounded by mountains, offers mountain views, and is conveniently close to dining and shopping off Historic Highway 111. The absence of HOA dues is a significant financial benefit.
Excellent Outdoor Living & Low Maintenance Yard: The property features two private exterior entertainment areas and a low-maintenance yard with installed grass turf, mature trees, and patio coverage, providing ample space for relaxation and entertaining.
Practical Amenities & Layout: The home includes functional amenities such as a two-car garage with a large driveway, a suitable laundry room, and two guest bedrooms, enhancing its overall livability and utility for residents or guests.

Cons

Significant Valuation Discrepancy: The current listing price of $799,000 is substantially higher than the estimated property value of $358,161.93, indicating a potential overvaluation that could impact market appeal and sale duration.
Older Construction Year: Built in 1963, the property is over 60 years old. While renovated, older homes may present potential long-term maintenance concerns or require updates to underlying systems (e.g., plumbing, electrical, roof) not explicitly mentioned as replaced.
Lack of Cooling System Details: Despite extensive renovations, the description does not specify the type or condition of the cooling system. In Rancho Mirage's desert climate, a robust and efficient cooling system is essential, and its omission could be a concern for potential buyers.

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