tomo logo

$1,399,000

Beds
4
Baths
3.75
sq ft
2,749

1055 E Racquet Club Rd, Palm Springs, CA 92262

1055 E Racquet Club Rd

Palm Springs, CA 92262

  • 55 days on market
Welcome to the Sputnik House a captivating mid-century gem that epitomizes the Palm Springs lifestyle! Built in 1962 and extensively upgraded with $100,000 in investments, this pristine 4-bedroom, 4-bath home offers a seamless blend of modern luxury and timeless charm. Step into a stunning open-concept living area adorned with a fireplace and anchored by a meticulously designed modern kitchen. The kitchen boasts stainless appliances, a tasteful tile backsplash, a waterfall-edge quartz countertop, and ample storage, creating a perfect hub for culinary delights. Each of the 4 bedrooms and baths has been tastefully updated, ensuring a comfortable retreat for both homeowners and guests. The spacious primary bedroom stands out with its spa-like bathroom, featuring a dual vanity, free-standing tub, and an oversized walk-in shower. Outdoors, indulge in the epitome of relaxation with a sparkling pool that provides breathtaking western mountain views. An outdoor kitchen, a covered patio, and a fire feature complete the enchanting space, offering a haven for outdoor entertainment. The property has new landscaping with color-changing automated lighting and solar panels. The Sputnik House is not just a dream home it's an investment opportunity. Boasting a track record as a successful short-term rental. With smart home automation, upgraded pool equipment, and a complete set of brand-new furnishings, TVs, and appliances, this turnkey property offers a hassle-free investment experience. Furthermore, the Sputnik House sits on FEE land, meaning there's no land lease you own the land. Plus, there's no HOA, providing flexibility for the homeowner. Situated just minutes from downtown. Don't miss your chance to own a piece of Palm Springs paradise and an investment that promises both luxury living and substantial returns. This is the Sputnik House, where mid-century elegance meets modern sophistication!

Details

Property type

Single Family Residence

Est. home value

$1,475,974

Lot size

0.32 acres

Price per sq ft

$509

Year built

1962

HOA

No

Price History

10/28/2024
CLAW

CLAW #24456951

Listed
$1,399,000
-3.45%
07/13/2024
CRMLS

CRMLS #SR24046107

Removed
$1,449,000
05/01/2024
CRMLS

CRMLS #SR24046107

Price change
$1,449,000
-6.46%

Schools & Community

Neighborhood: 

Vista Norte

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mega Capital Funding Inc

Loan start date

June 2022

Original loan amount

$999,000

Est. remaining balance

Not provided

Interest rate

5.75%

Loan type

New Conventional, 30 year

Seller

Anahit Mehrabyan and Artur Mehrabyan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 6:05 PM

Listing updated: 12/05/2024 at 11:20 AM

Listed by: Nelly Beck, The Agency Phone #: (760) 965-4200

MLS: CLAW #24456951

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