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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

  • 83 days on market
Introducing Steel House Number 1, a mid-century modern masterpiece by architects Donald Wexler and Richard Harrison. Built in the early 1960s by the Alexander Construction Company, this historic home is one of only seven steel housesand one of just two featuring the signature folded-plate roofline that defines its iconic aesthetic.Located in Palm Springs' Racquet Club Road Estates, this home was part of an ambitious plan to create low-maintenance, prefabricated steel houses designed to withstand desert conditions resisting warping, pests, earthquakes, and fire. Sixty years on, the steel framing remains structurally sound, testifying to its innovative construction.In 2014, Wexler himself was consulted during the tasteful restoration. Iconic features like eight-foot glass panels, sliding doors, and clerestory windows have been preserved, offering remarkable mountain views and visual interest throughout.Inside, an open floor plan features formal living and dining areas, a den overlooking a private backyard with a heated saltwater boomerang-shaped pool, and an open kitchen ideal for entertaining. The home boasts two spacious bedrooms, perfect for hosting guests, both offering mountain views and direct outdoor access. The main bedroom includes an en-suite bath, while the guest room provides comfort and privacy for visitors.Abundant indoor/outdoor living spaces allow you to fully enjoy the desert climate. Floor-to-ceiling glass doors seamlessly blend the interior with outdoor patios, perfect for relaxation and social gatherings.Situated in vibrant Palm Springs, this home offers both tranquillity and adventure, with world-class amenities moments away. Steel House Number 1 is a rare opportunity to own a desert gema testament to visionary architecture awaiting its next chapter.

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

12/05/2024
CLAW

CLAW #24445287

Listed
$1,495,000
11/16/2024
CLAW

CLAW #24445287

Removed
$1,495,000
09/26/2024
CLAW

CLAW #24445287

Listed
$1,495,000
-6.56%

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

$1,323,981
Asking price
$1,495,000
Closing costs (~8% of asking)
-$119,600
Est. remaining loan balance
-$51,419
Cash to seller
$1,323,981

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

$51,419

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: 12/18/2024 at 2:45 AM

Listing updated: 12/05/2024 at 3:05 AM

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

MLS: CLAW #24445287

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