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$387,500

Beds
2
Baths
1.75
sq ft
1,096

255 S Avenida Caballeros Unit 203, Palm Springs, CA 92262

255 S Avenida Caballeros Unit 203

Palm Springs, CA 92262

  • 95 days on market
    • Price drop $8,000↓
Welcome to 255 South Avenida Caballeros 203. Just a short 15-minute stroll from heart of downtown Palm Springs, California, this 1096 square foot condo could be the perfect choice for a buyer seeking a centrally located, low-maintenance property. This delightful ground floor condo presents 2 bedrooms and 2 bathrooms, tastefully renovated to perfection. The entrance leads you to an open and airy living and dining area, while the kitchen showcases upgraded cabinets, countertops, and black stainless steel appliances. The primary bathroom has received a beautiful upgrade as well, featuring a beautifully tiled, walk-in shower and dual vanities. The recent replacement of the air conditioning unit ensures your comfort throughout the warm summer months. Step through the large sliding glass door to a serene covered patio with direct access to the community pool. Situated in Central Palm Springs, Villa Caballeros is a gated condo complex with 59 units. This architectural gem was designed by the renowned architect Hugh Kaptur and is among the 200 projects he prolifically worked on in the area. The community has an HOA fee of $520 per month and includes trash, water, and sewer and features tennis courts, a racquetball court, a community room and library, covered parking, and a pet relief area for your pup. The land lease is approximately $3660 per year and expires in 2080. Schedule your showing of this delightful condo today!

Details

Property type

Condominium

Est. home value

$370,331

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$354

Year built

1989

Monthly HOA fee

$520

Price History

08/19/2024
DesertArea

DesertArea #219112897

Price change
$387,500
-2.02%
06/13/2024
DesertArea

DesertArea #219112897

Listed
$395,500
+16.32%
10/04/2021
CLAW

CLAW #21764668

Sold
$340,000

Schools & Community

Neighborhood: 

Baristo

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$139,294
Asking price
$387,500
Closing costs (~8% of asking)
-$31,000
Est. remaining loan balance
-$217,206
Cash to seller
$139,294

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

September 2021

Original loan amount

$232,500

Est. remaining balance

$217,206

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Joshua Petite and Misato Petite

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: 09/16/2024 at 12:15 PM

Listing updated: 08/19/2024 at 7:53 AM

Listed by: Lindsey N Stafford, Windermere Real Estate Phone #: (760) 321-0883

MLS: DesertArea #219112897

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