tomo logo

$1,095,000

Beds
4
Baths
3.0
sq ft
1,791

250 W Cortez Rd, Palm Springs, CA 92262

250 W Cortez Rd

Palm Springs, CA 92262

  • <1 day on market
    • Open house Nov 16
This is the one! Discover a stunning 1958 Mid-Century Modern pool home in World Famous Palm Springs, reimagined with sleek, modern flair. Expanded 4-bedroom, 3-bath layout, this home embodies desert cool with polished concrete floors, whitewashed walls, and expansive San Jacinto views. The open-plan living area is an entertainer's dream, with three guest bedrooms on one side and the primary suite—permitted as a junior ADU—on the other, featuring a sitting area, fireplace, and direct pool/spa access. Flexible layout allows the master suite to be easily locked off, creating a separate, rentable unit if desired. Outside, your private oasis awaits on a corner lot, featuring mature trees, an al fresco dining space, firepit, and a brand-new pool and spa. Recent upgrades include a new roof, electric panel, bathrooms, and kitchen, blending mid-century charm with modern convenience. Situated just minutes from the Uptown design district’s shopping, dining, and nightlife, this spot is perfect for a full-time residence, second home, mid term rental, or short term Airbnb. Feee simple land, which means you own the land. No HOA. The neighborhood short-term rental permits are still available, don’t miss the chance to live, invest, and unwind in pure Palm Springs style!

Details

Property type

Single Family Residence

Est. home value

$1,135,442

Lot size

8,712 sq ft

Price per sq ft

$612

Year built

1958

HOA

No

Price History

11/15/2024
CRMLS

CRMLS #PW24229776

Listed
$1,095,000
+136.37%
12/18/2020
DesertArea

DesertArea #219051108

Sold
$463,250

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights

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

$690,791
Asking price
$1,095,000
Closing costs (~8% of asking)
-$87,600
Est. remaining loan balance
-$316,609
Cash to seller
$690,791

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

November 2020

Original loan amount

$347,437

Est. remaining balance

$316,609

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Erica Flener and Scott Bromley

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: 11/15/2024 at 9:30 AM

Listing updated: 11/15/2024 at 5:40 AM

Listed by: John Lewis, Keller Williams Realty Phone #: (714) 426-3800

MLS: CRMLS #PW24229776

CRMLS logo

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