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$329,000

Beds
1
Baths
1.0
sq ft
797

505 S Farrell Dr Unit I53, Palm Springs, CA 92264

505 S Farrell Dr Unit I53

Palm Springs, CA 92264

  • 43 days on market
    • Price drop $10,000↓
Light, bright and airy, in the heart of Palm Springs, this hidden gem offers the perfect permanent residence, vacation getaway, or income property. Located in desirable Mesquite Country Club, this one bedroom/one bath condo is both private and close to everything. Stunning mountain views from the back patio. Sparkling pool and spa right around the corner from this unit. This condo boasts many newer upgrades from beautiful ceramic floor tiles throughout to all stainless steel appliances in the recently renovated kitchen. The bathroom has a walk-in shower, sink and vanity with marble top. Furnished per inventory, this condo is well stocked with cookware, dishware, linens and towels. HOA covers water, trash, cable and internet. Property is on fee simple land (not leased). Mesquite Country Club offers sparkling pools, spas, tennis courts, biking trails, secure gate access and short term vacation rentals (7 day minimum). This condo sleeps four with pull out sofa in living room. It's close to downtown Palm Springs with restaurants, theaters, coffee shops, hiking trails, horseback riding, golf, unique shops and galleries. This is your opportunity to own a piece of Palm Springs.

Details

Property type

Condominium

Est. home value

$321,295

Lot size

Unknown

Price per sq ft

$413

Year built

1985

Monthly HOA fee

$499

Price History

12/09/2024
CLAW

CLAW #24460775

Price change
$329,000
-2.95%
11/09/2024
CLAW

CLAW #24460775

Listed
$339,000
+1.44%
07/13/2022
CLAW

CLAW #22164975

Sold
$334,200

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

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

$93,630
Asking price
$329,000
Closing costs (~8% of asking)
-$26,320
Est. remaining loan balance
-$209,050
Cash to seller
$93,630

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

June 2022

Original loan amount

$217,230

Est. remaining balance

$209,050

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Steven Wayne Jarvis and David Kyle Tillman

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: 12/22/2024 at 1:35 PM

Listing updated: 12/10/2024 at 9:30 AM

Listed by: Robert Garcia, Bennion Deville Homes Phone #: (760) 459-0057

MLS: CLAW #24460775

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