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$1,499,000

Beds
5
Baths
4.0
sq ft
2,900

1125 E Via San Michael Rd, Palm Springs, CA 92262

1125 E Via San Michael Rd

Palm Springs, CA 92262

  • 53 days on market
    • Price drop $100,000↓
Welcome to 1125 E Via San Michael, a stunning gem nestled in the beautiful city of Palm Springs. This entertainer’s paradise is designed for ultimate enjoyment with its sparkling waterfall pool and an array of entertainment features. Recently renovated, this home boasts new windows, doors, lighting, two new AC units, a tankless water heater, a water softener system, and updated kitchen and bathrooms. Additional upgrades include new tile flooring and the latest smart home technology. Offering 5 bedrooms and 4 bathrooms on a spacious 11,761SqFt lot, this residence combines luxury and functionality. As you approach, you'll appreciate the expansive driveway and attached garage, which has been transformed into an impressive game room with a convertible billiards/ping pong table and a poker table. Inside, the home features high ceilings, recessed lighting, ceiling fans, and an open floor plan that enhances the sense of space. The large living area is perfect for hosting gatherings and opens directly to the backyard oasis. The dining room includes a cozy fireplace, adding warmth and charm to meals. The well-appointed kitchen boasts a central island, a bar area for guests, and ample cabinet space. The primary suite is a true retreat with a separate walk-in shower, a luxurious bathtub, a private toilet room, and double sinks. The additional bathrooms also feature walk-in showers. The backyard is a true entertainer’s dream, featuring a pool and spa with a cascading waterfall, three palapas, multiple seating areas, a mini golf course, a cornhole area, and a life-sized chess game. This home is a must-see for anyone seeking the ultimate in comfort and entertainment!

Details

Property type

Single Family Residence

Est. home value

$860,842

Property condition

Updated/Remodeled

Lot size

0.27 acres

Price per sq ft

$517

Year built

1993

Price History

09/16/2024
CRMLS

CRMLS #GD24161165

Price change
$1,499,000
-6.25%
08/06/2024
CRMLS

CRMLS #GD24161165

Listed
$1,599,000
+162.13%
03/24/2021
CLAW

CLAW #21683872

Sold
$610,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, 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

$876,049
Asking price
$1,499,000
Closing costs (~8% of asking)
-$119,920
Est. remaining loan balance
-$503,031
Cash to seller
$876,049

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

February 2021

Original loan amount

$548,000

Est. remaining balance

$503,031

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Lusine Sarkisyan

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: 09/27/2024 at 7:20 PM

Listing updated: 09/16/2024 at 5:46 PM

Listed by: Kevin Makoyan, JohnHart Real Estate Phone #: (818) 246-1099

MLS: CRMLS #GD24161165

CRMLS logo