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$998,000

Beds
3
Baths
3.5
sq ft
1,562

1950 N Magnolia Rd, Palm Springs, CA 92262

1950 N Magnolia Rd

Palm Springs, CA 92262

  • 42 days on market
Aged to perfection, this 1958 home is situated on a spacious corner lot, offering stunning views that epitomize indoor and outdoor desert living with comfort and charm. The main house features two ensuite bedrooms, while an additional ensuite bedroom in the attached casita ensures ample privacy. The great room seamlessly combines a well-appointed kitchen, dining area, and spacious living room. French doors open to a generous outdoor area with both covered and uncovered patios, a refreshing pool, a large lawn, and a Zen-like waterfall, all surrounded by desert vegetation and enclosed by a privacy wall. The home boasts updated baths, windows, and doors, multi-zone A/C, a newer water heater, and a newer roof. This Palm Springs oasis is just minutes from downtown.

Details

Property type

Single Family Residence

Est. home value

$986,751

Lot size

0.28 acres

Price per sq ft

$639

Year built

1958

HOA

No

Price History

05/20/2024
CLAW

CLAW #24394401

Listed
$998,000
+107.92%
09/05/2019
DesertArea

DesertArea #219020047

Sold
$480,000

Schools & Community

Neighborhood: 

Ranch Club

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$389,935
Asking price
$998,000
Closing costs (~8% of asking)
-$79,840
Est. remaining loan balance
-$528,225
Cash to seller
$389,935

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

Seller’s Loan History

Lender

United American Mortgage Corp

Loan start date

April 2022

Original loan amount

$550,000

Est. remaining balance

$528,225

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

Tyler Barrs

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 7:15 AM

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

Listed by: Brian/Kerri Sullivan Real Est..., Equity Union Phone #: (760) 621-0395

MLS: CLAW #24394401

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