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$1,495,000

Beds
2
Baths
2.0
sq ft
1,532

290 E Simms Rd, Palm Springs, CA 92262

290 E Simms Rd

Palm Springs, CA 92262

  • 49 days on market
Discover the magnificent Glass and Steel House #1, designed by Donald Wexler and Ric Harrison, and built by the Alexander Construction Company in 1962. Only seven of these incredible homes were built and constructed with materials both factory-fabricated and on-site assembled, specifically selected to withstand the desert elements with ease. Eight-foot stationary glass panels and sliding glass doors are flanked by steel construction, offering both visual interest and remarkable mountain views. This home is one out of only two boasting the signature folded-plate roof line, which gives this property its iconic, sought-after aesthetic. Wexler himself consulted on the tasteful restoration of this property, making it one of his last projects. Enter to a foyer which to the left leads to a formal dining and living area with an outdoor patio, and to the right, leads to the den off the large, private backyard with an iconic boomerang-shaped pool. Both living areas, separated by the open kitchen, showcase the unique interior ceiling and mountain views through the ample glass and triangular clerestory windows. Walk down the hall to discover a bright guest room with mountain views and patio access, a guest bathroom with a laundry area, and the main bedroom which also boasts views, outdoor access, and an en-suite full bath. List of recent improvements include whole house soft water system, updated landscape irrigation, air purifier integrated with HVAC system, roof recoated in 2021 (with 5 year warranty), resurfaced pool with PebbleTec, new pool saltwater system, light, pump, and heater. The property is available with vintage midcentury furnishing (for purchase outside of escrow). Last but not least, this stunning home holds a class 1 historical designation which allows you to take advantage of a property tax reduction via the Mills Act. Contact agent for more info.

Details

Property type

Single Family Residence

Est. home value

$1,555,145

Lot size

0.23 acres

Price per sq ft

$976

Year built

1962

HOA

No

Price History

09/26/2024
CLAW

CLAW #24445287

Listed
$1,495,000
-6.56%
01/24/2022
CLAW

CLAW #21793114

Sold
$1,600,000

Schools & Community

Neighborhood: 

Racquet Club Estates

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

$1,323,480
Asking price
$1,495,000
Closing costs (~8% of asking)
-$119,600
Est. remaining loan balance
-$51,920
Cash to seller
$1,323,480

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

Seller’s Loan History

Lender

Downey S/L

Loan start date

July 2001

Original loan amount

$120,000

Est. remaining balance

$51,920

Interest rate

7.14%

Loan type

Not Provided, 30 year

Seller

Allen M Canarutto

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 5:25 PM

Listing updated: 11/11/2024 at 8:45 AM

Listed by: Alex Dethier, BD Homes-The Paul Kaplan Group Phone #: (760) 459-0057

MLS: CLAW #24445287

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