tomo logo

$468,000

Beds
2
Baths
2.0
sq ft
1,177

40280 Bay Hill Way, Palm Desert, CA 92211

40280 Bay Hill Way

Palm Desert, CA 92211

  • 59 days on market
This condo was fully renovated in 2022. It features all the best aspects of Palm Desert. Located in a gated community, you'll have access to the pool, spa, pickleball courts, lighted tennis courts, an 18 hole championship golf course, a restaurant, snack shop, and clubhouse. Two bedrooms and living room look out to a peaceful golf course and pond. Both bedrooms have walking closets & both bathrooms have walking shower. Washer & Dryer are inside the unit. There's a retractable awning, perfect for relaxing in the shade or if you're using the grill out back! Wall cabinets in the garage for extra storage, All furniture are included in the sale price. Possible for Airbnb rental.

Details

Property type

Condominium

Est. home value

$445,842

Lot size

Unknown

Price per sq ft

$398

Year built

1981

Monthly HOA fee

$686

Price History

05/02/2024
BridgeMLS

BridgeMLS #ML81964039

Listed
$468,000
+5.88%
03/10/2022
CRMLS

CRMLS #CV21232736

Sold
$442,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

High school district: 

Palm Springs Unified

Number of units in community: 

960

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

$147,875
Asking price
$468,000
Closing costs (~8% of asking)
-$37,440
Est. remaining loan balance
-$282,685
Cash to seller
$147,875

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

February 2022

Original loan amount

$309,400

Est. remaining balance

$282,685

Interest rate

3.22%

Loan type

New Conventional, 20 year

Seller

Linh D Bui and Tram B Bui

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: 07/01/2024 at 9:45 AM

Listing updated: 06/14/2024 at 11:23 AM

Listed by: Lily Bui, Foothill Estates Phone #: (510) 673-3924

MLS: BridgeMLS #ML81964039

BridgeMLS logo

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