72570 Betty Lane, Rancho Mirage, California 92270, Rancho Mirage, - bed, bath

home-pic
ACTIVE$1,700,000
72570 Betty Lane, Rancho Mirage, California 92270
7Beds
5Baths
4,410Sqft
25,265Lot
Year Built
1972
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
$50
Days on market
-
Sold On
-
MLS number
219132766DA
Home ConditionFair
Features
Good View: Peek-A-Boo
Pool
Patio
ViewPeek-A-Boo

About this home

Priced $450,000 UNDER nearest COMP value! Motivated Sellers, Bring all offers! Rare Clancy Lane Estate with Guest House, Pool & Oversized GarageExceptional opportunity to own a spacious and versatile estate just off the prestigious Clancy Lane in Rancho Mirage. Situated on a large 0.58-acre lot, this updated ranch-style home offers 3,060 sqft in the main residence with 4 bedrooms (3 plus converted den) and 3 full bathrooms. Highlights include two large living areas and a beautifully remodeled kitchen with oversized island.The property also features a fully permitted 1,350 sqft detached ADU/guest house located above the garage/flex area with 3 additional bedrooms, a full bathroom, and kitchen -- ideal for guests, extended family, a home office, or income potential.Enjoy the private backyard oasis with pool, lush landscaping, and multiple outdoor living areas. A rare oversized garage/workshop provides excellent space for hobbies, storage, or business use. Owned solar system included.Located on a quiet street just minutes from fine dining, golf, and shopping. This unique property offers space, flexibility, and the ultimate desert lifestyle. Schedule for a private showing today!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (248 Listings)
Beds73
99%
Baths53
71%
Square foot4,4102,950
83%
Lot Size25,26510,890
88%
Price$1.7M$1.13M
69%
Price per square foot$385$416
39%
Built year19722000
7%
HOA$50$8,800
1%
Days on market112193
18%
Condition Rating
Fair

The property was built in 1972, but the description mentions a remodeled kitchen with an oversized island. The images show that the kitchen has been updated, but the bathrooms appear to be older and could use some updating. The rest of the house appears to be in fair condition, with some updates but also some signs of age. Overall, it requires minor updates or repairs.
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 = 25265, living area = 4410.
Price Point: Priced significantly below comparable properties, presenting an excellent investment opportunity.
Guest House/ADU: Features a fully permitted detached ADU/guest house, offering income potential or space for extended family.
Large Lot: Situated on a spacious 0.58-acre lot, providing ample outdoor living space and privacy.
Oversized Garage/Workshop: Includes a rare oversized garage/workshop, ideal for hobbies, storage, or business use.
Owned Solar System: Equipped with an owned solar system, reducing energy costs and environmental impact.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4410, other record living area = 3084. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
Year Built: Built in 1972, the property may require updates to meet modern standards and preferences.
View: The view is described as 'Peek-A-Boo', which may not be as desirable as a full, unobstructed view.
Association Fee: There is an association fee of $50.0, which adds to the monthly expenses.

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