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$398,000

Beds
3
Baths
2.0
sq ft
1,653

10700 Verbena Dr, Desert Hot Springs, CA 92240

10700 Verbena Dr

Desert Hot Springs, CA 92240

  • 95 days on market
    • Price drop $21,000↓
Imagine owning a gorgeous three-bedroom, two-bath oasis in Desert Hot Springs, a gem nestled in the heart of California’s Coachella Valley. This Airbnb-ready property is designed for luxury and relaxation, featuring a sparkling pool and a soothing jacuzzi, perfect for guests seeking an upscale getaway. With its modern amenities and breathtaking desert views, this home is a high-demand rental, attracting year-round visitors eager to enjoy the area’s hot springs, golf courses, and proximity to Palm Springs. This turnkey home opens up opportunities with strong occupancy rates in a thriving vacation market.

Details

Property type

Single Family Residence

Est. home value

$460,550

Lot size

7,405 sq ft

Price per sq ft

$241

Year built

1964

HOA

No

Price History

11/06/2024
CRMLS

CRMLS #CV24160626

Price change
$398,000
-5.01%
11/06/2024
CRMLS

CRMLS #CV24160626

Price change
$419,000
-4.56%
10/09/2024
CRMLS

CRMLS #CV24160626

Price change
$439,000
-1.13%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Palm Springs Unified

Negotiation Insights

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

Seller could get up to

-$27,306
Asking price
$398,000
Closing costs (~8% of asking)
-$31,840
Est. remaining loan balance
-$393,466
Cash to seller
-$27,306

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

August 2023

Original loan amount

$398,250

Est. remaining balance

$393,466

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Maxwell Letarte and Nicole Letarte

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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Price drop
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9701 El Mirador Blvd, Desert Hot Springs, CA 92240

Status: Active

Tomo last checked: 11/08/2024 at 1:50 PM

Listing updated: 11/06/2024 at 12:30 PM

Listed by: Martha Sanchez, Anomaly Real Estate Phone #: (909) 476-9092

MLS: CRMLS #CV24160626

CRMLS logo

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