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$769,900

Beds
3
Baths
2.0
sq ft
1,438

2162 Shannon Way, Palm Springs, CA 92262

2162 Shannon Way

Palm Springs, CA 92262

  • 57 days on market
    • Price drop $36,100↓
Welcome to your new oasis in the heart of Palm Springs! This delightful home, a brand new listing on the market, presents an excellent opportunity for homebuyers and investors alike with its potential for short term rental income in the Vista Norte neighborhood not yet up to rental capacity, and serious appealing price point. Step inside to discover a cozy, well-laid-out space spanning 1,438 square feet, featuring three bedrooms and two full bathrooms. The primary bedroom offers a serene retreat, promising relaxation and privacy. The open-plan living area, flooded with natural light, provides a perfect setting for family gatherings and entertaining friends. Outside, your personal paradise awaits! The expansive outdoor space is ideal for hosting barbecues, soaking up the sun next to your own beautiful pool, and having a cocktail surrounding the firepit under the star struck evening sky!. Location is key, and this home is ideally situated to take full advantage of local amenities, as well as a few minute ride to the downtown location. This charming Palm Springs home is not just a place to live; it's a lifestyle waiting to be embraced. Don’t miss out on making it yours!

Details

Property type

Single Family Residence

Est. home value

$878,139

Lot size

6,970 sq ft

Price per sq ft

$536

Year built

1999

HOA

No

Price History

10/25/2024
CRMLS

CRMLS #EV24195361

Price change
$769,900
-4.48%
09/19/2024
CRMLS

CRMLS #EV24195361

Listed
$806,000
+14.24%
07/07/2021
CLAW

CLAW #21744238

Sold
$705,555
+88.15%

Schools & Community

Neighborhood: 

Vista Norte

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Suburban

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

$306,046
Asking price
$769,900
Closing costs (~8% of asking)
-$61,592
Est. remaining loan balance
-$402,262
Cash to seller
$306,046

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 Wholesale Mortgage

Loan start date

June 2021

Original loan amount

$434,566

Est. remaining balance

$402,262

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Xiang Gao

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: 11/14/2024 at 8:20 PM

Listing updated: 10/26/2024 at 2:35 PM

Listed by: SANDY JOHNSTON, SANDY JOHNSTON BROKER Phone #: (909) 556-8960

MLS: CRMLS #EV24195361

CRMLS logo

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