71861 Eleanora Lane, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
ACTIVE$299,000
71861 Eleanora Lane, Rancho Mirage, California 92270
2Beds
2Baths
938Sqft
1,307Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Situated in a prime Rancho Mirage location, the property offers immediate access to 'The River' for top-tier shopping, dining, and entertainment, enhancing its lifestyle appeal and desirability.
Top Cons:
Extensive Renovation Required: The property is explicitly sold 'as is' with no repairs or credits, indicating a need for substantial renovation and significant upfront investment from the buyer.
Compared to the nearby listings
Price:$299.0K vs avg $536.5K ($-237,500)8%
Size:938 sqft vs avg 1,819.5 sqft8%
Price/sqft:$319 vs avg $30157%
More Insights
Built in 1977 (48 years old).
Condition: Built in 1977, this property is explicitly marketed as a 'fixer' and 'sold as is, with no repairs or credits offered by the seller,' indicating it requires substantial rehabilitation. The images confirm a highly dated interior, particularly in the kitchen (wet bar area) and bathrooms, which feature original or very old cabinetry, fixtures, and tile. While the carpet appears relatively clean, the overall aesthetic and functional components are significantly outdated, aligning with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation to meet modern living standards.
Year Built
1977
Close
-
List price
$299K
Original List price
$365K
Price/Sqft
$319
HOA
$650.32
Days on market
-
Sold On
-
MLS number
219126099DA
Home ConditionPoor
Features
Patio
View-
About this home
Prime Rancho Mirage Location - 2-Bed, 2-Bath Fixer Condo Sold As Is!Location, location! Incredible opportunity to own a 2-bedroom, 2-bath condo in the heart of Rancho Mirage, just a short stroll to The River - the area's top spot for shopping, dining, and entertainment.This unit is a fixer with loads of potential -- a perfect project for investors or buyers ready to make it their own. Being sold as is, with no repairs or credits offered by the seller.Features include a private patio for outdoor relaxing, an interior atrium that brings in natural light, and spacious living areas ready for your updates and vision.Community perks include a sparkling pool, tennis courts, and beautifully maintained grounds -- all in a prime location.Bring your creativity and don't miss this chance to own in one of Rancho Mirage's most desirable neighborhoods!
Nearby schools
6/10
Rancho Mirage Elementary School
Public,•K-5•0.7mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•4.2mi
5/10
Rancho Mirage High
Public,•9-12•5.5mi
4/10
Desert Learning Academy
Public,•K-12•8.1mi
Condition Rating
Poor
Built in 1977, this property is explicitly marketed as a 'fixer' and 'sold as is, with no repairs or credits offered by the seller,' indicating it requires substantial rehabilitation. The images confirm a highly dated interior, particularly in the kitchen (wet bar area) and bathrooms, which feature original or very old cabinetry, fixtures, and tile. While the carpet appears relatively clean, the overall aesthetic and functional components are significantly outdated, aligning with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons
Pros
Exceptional Location: Situated in a prime Rancho Mirage location, the property offers immediate access to 'The River' for top-tier shopping, dining, and entertainment, enhancing its lifestyle appeal and desirability.
Community Amenities: Residents benefit from attractive community perks including a sparkling pool, tennis courts, and beautifully maintained grounds, adding significant value and recreational opportunities.
Significant Value-Add Potential: Described as a 'fixer with loads of potential,' this condo is an ideal project for investors or buyers looking to customize and build equity through renovation.
Desirable Architectural Features: The unit includes a private patio for outdoor relaxation and an interior atrium, which enhances natural light throughout the spacious living areas.
Attractive Price Point: With a recent price reduction from $365,000 to $299,000, the property presents a compelling entry-level opportunity in a desirable market, especially for those seeking a renovation project.
Cons
Extensive Renovation Required: The property is explicitly sold 'as is' with no repairs or credits, indicating a need for substantial renovation and significant upfront investment from the buyer.
Property Age: Built in 1977, the condo is nearly 50 years old, suggesting that major systems and finishes are likely outdated and will require comprehensive modernization.
High Monthly Association Fees: The monthly association fee of $650.32 is substantial and will significantly impact the overall cost of ownership, requiring careful budget consideration.