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$699,000

Beds
2
Baths
2.0
sq ft
1,595

1382 E Andreas Rd, Palm Springs, CA 92262

1382 E Andreas Rd

Palm Springs, CA 92262

  • 68 days on market
    • Price drop $16,000↓
Discover the epitome of Palm Springs elegance in this exquisitely remodeled condo, nestled in the heart of the city at the prestigious Palm Regency. Positioned ideally near top hotels and the bustling Convention Center, this residence promises not only a prime location but also a lucrative investment with a history of generating approximately $95,000 in gross rental income over the past 24 months. Sustainable upgrades include: * High-efficiency 4 ton A/C Pro by Lennox 15.5 SEER Heath-pump * Nest keyless entry on front door & back gate.* Nest security doorbell system* Keyless entry on garage door* EcoWater natural Water Softening System* Polished concrete floors (polished & sealed)* All rooms painted in Dunn Edwards Eco-friendly Zero-VOC paint* Brand new main water valve. Step inside to experience a flawless modern transformation. Every inch of this condo has been thoughtfully updated, featuring sleek, retro-inspired vanities and state-of-the-art fixtures that have been meticulously chosen and installed to enhance the home's unique style. The open floor plan boasts a striking separation between the living and dining areas, anchored by a stunning central fireplace that adds warmth and character. Soaring vaulted ceilings and celestial windows flood the spacious living area with natural light, leading out to a generous private patio. This outdoor haven is perfect for entertaining or quiet relaxation, offering a secluded space to enjoy the idyllic Palm Springs weather. This condo is more than just a home it's a private retreat with all the desired upgrades, providing an exceptional opportunity to own your slice of Palm Springs paradise. Ideal for those seeking a stylish getaway with potential for high rental returns, this property invites you to come and envision your new lifestyle. Schedule a showing today and step into your future.

Details

Property type

Condominium

Est. home value

$522,796

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$439

Year built

1981

Monthly HOA fee

$518

Price History

05/24/2024
CLAW

CLAW #24382653

Price change
$699,000
-2.24%
05/08/2024
CLAW

CLAW #24382653

Price change
$715,000
-2.72%
04/23/2024
CLAW

CLAW #24382653

Listed
$735,000
+0.68%

Schools & Community

Neighborhood: 

Midtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$423,192
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$219,888
Cash to seller
$423,192

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

Seller’s Loan History

Lender

Homebridge Financial Services Inc

Loan start date

September 2020

Original loan amount

$240,000

Est. remaining balance

$219,888

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Joshua Malek and Adam Malek

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: 07/01/2024 at 8:50 AM

Listing updated: 06/18/2024 at 4:34 PM

Listed by: Chantal Sanchez, Berkshire Hathaway HomeServices California Propert Phone #: (858) 459-0501

MLS: CLAW #24382653

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