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$1,099,000

Beds
3
Baths
1.75
sq ft
1,816

502 E Molino Rd, Palm Springs, CA 92262

502 E Molino Rd

Palm Springs, CA 92262

  • 42 days on market
    • Price drop $41,000↓
Welcome home to Palm Springs. This Turnkey Furnished single family home offers both privacy and resort style living. Located in the historic Racquet Club, this Turnkey Furnished residence features 3 bedrooms , 2 baths and a great layout of over 1800 square feet of living space. Inside you will find your very own indoor Movie Theatre equipped with stadium seating, projector and screen. An incredible backyard Oasis complete with enormous private sparkling swimming pool, Tiki Palapa bar, Fire Pit and a majestic mountain backdrop. Chef's kitchen with granite counter tops, island, stainless steel appliances and double door fridge. Primary bedroom is en-suite with French door access to the swimming pool for a late nite swim. Interior laundry room, attached 2 car garage, front courtyard patio. This will make an exceptional Full Time residence or Vacation Escape. This home is equipped for Seasonal or STVR rentals for immediate investment opportunity. Close proximity to all Palm Springs has to offer. Shopping, Dining and easy access to downtown, and Int.10 access. Your Private Resort Home awaits.

Details

Property type

Single Family Residence

Est. home value

$1,077,847

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$606

Year built

1963

Price History

12/16/2024
DesertArea

DesertArea #219119418

Price change
$1,099,000
-3.6%
11/06/2024
DesertArea

DesertArea #219115496

Removed
$1,140,000
11/06/2024
DesertArea

DesertArea #219119418

Listed
$1,140,000

Schools & Community

Neighborhood: 

Racquet Club Estates

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$498,367
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$512,713
Cash to seller
$498,367

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

October 2021

Original loan amount

$550,000

Est. remaining balance

$512,713

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Joseph Golian and Alan Golian

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: 12/18/2024 at 3:15 AM

Listing updated: 12/16/2024 at 9:50 AM

Listed by: Michelle Anselmo, Anselmo Real Estate Phone #: (760) 861-9701

MLS: DesertArea #219119418

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