tomo logo

$2,495,000

Beds
5
Baths
4.0
sq ft
2,766

154 E Ocotillo Ave, Palm Springs, CA 92264

154 E Ocotillo Ave

Palm Springs, CA 92264

  • 65 days on market
Stunning 5-Bedroom Oasis in Tahquitz River Estates - A True Entertainer's Dream! Discover your personal paradise in this modern 5-bedroom, 4-bathroom home, perfectly situated in the highly sought-after Tahquitz River Estates neighborhood. Built in 2018, this nearly 2,800 square-foot home combines contemporary design with a playful, luxurious lifestyle. Key Features include: Spacious open-concept living area with soaring high ceilings and clerestory windows, bathing the home in natural light. Chef's dream kitchen with custom cabinetry, upgraded appliances, and ample counter space—perfect for entertaining or gourmet cooking at home. 5 bedrooms including 3 en-suite bedrooms provide privacy and comfort for family or guests. Gorgeous backyard retreat with a sparkling custom pool, spa, built-in barbecue, and multiple shaded patio areas—ideal for hosting gatherings or enjoying peaceful evenings. Located on a large 9,583 square-foot lot with breathtaking mountain views, offering the quintessential Palm Springs experience. **Location**: Just minutes from downtown Palm Springs, you'll enjoy quick access to top-rated restaurants, upscale shopping, art galleries, and scenic hiking trails. Whether you're looking for a permanent residence, vacation home, or short-term rental investment, this property offers a unique blend of luxury, fun, and convenience. An Iconic Palm Springs Getaway.

Details

Property type

Single Family Residence

Est. home value

$2,011,547

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$903

Year built

2018

Price History

10/19/2024
DesertArea

DesertArea #219118536

Listed
$2,495,000
+27.95%
04/28/2022
CRMLS

CRMLS #BB22046093

Sold
$1,950,000
+375.61%
05/28/2014
DesertArea

DesertArea #14762543

Sold
$410,000

Schools & Community

Neighborhood: 

Tahquitz River Estates

Elementary school: 

Unknown

Middle school: 

Cahuilla Desert Acad

High school: 

Palm Springs

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

$985,271
Asking price
$2,495,000
Closing costs (~8% of asking)
-$199,600
Est. remaining loan balance
-$1,310,129
Cash to seller
$985,271

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

May 2022

Original loan amount

$1,365,000

Est. remaining balance

$1,310,129

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Isaac Michan Ovadia

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?

Status: Active

Tomo last checked: 12/23/2024 at 7:55 AM

Listing updated: 11/15/2024 at 5:30 PM

Listed by: Gillian N Jones, The Agency Phone #: (760) 965-4200

MLS: DesertArea #219118536

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