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$1,589,000

Beds
3
Baths
2.25
sq ft
2,651

5365 E Cherry Hills Dr, Palm Springs, CA 92264

5365 E Cherry Hills Dr

Palm Springs, CA 92264

  • 250 days on market
    • Price drop $96,000↓
South Palm Springs Oasis with Panoramic Views. Welcome to desert paradise in this stunning 3-bedroom, 3-bathroom entertainers home in the Tahquitz Creek Golf Neighborhood. Boasting sensational mountain and golf course views, this captivating 2,675 sq ft residence offers the perfect blend of indoor and outdoor living. As you step inside, you are greeted by an open living and dining area showcasing captivating views of the pool, golf course, and mountains. A cozy fireplace adds warmth and ambiance, while a formal dining area provides ample space for hosting elegant gatherings. For those who love to entertain, the room features a sunken bar with a wine fridge, while the kitchen is equipped with top-of-the-line appliances, including a Sub-Zero refrigerator/freezer, Bosch oven and dishwasher. A breakfast room with stunning views offers the perfect spot to enjoy casual meals. The spacious primary ensuite bedroom features a fireplace, cedar walk-in closet, direct access to the salt water pool and spa, and a newly remodeled bathroom with a freestanding, soaking tub and a large, marble double shower. A guest ensuite also features a newly remodeled bathroom, while the third bedroom can be used as an office or den. Step outside and immerse yourself in your own private oasis. A saltwater pool and spa provide the perfect place to relax and unwind, with an outdoor kitchen, retractable power awning, and outdoor shower. This home is equipped with a leased solar system, fruit orchard, Halo water filtration and conditioning system, plantation shutters throughout, and tile flooring. A circular driveway leads to a 2-car garage with storage cabinets and an epoxy floor. Located in a prime South Palm Springs location, you are just moments away from The Parker, shopping, casinos, and cafes. Own the land (NO LEASE). No golf or HOA fees.

Details

Property type

Single Family Residence

Est. home value

$1,666,407

Lot size

0.24 acres

Price per sq ft

$600

Year built

1981

HOA

No

Price History

05/08/2024
CLAW

CLAW #23324571

Price change
$1,589,000
-5.7%
02/06/2024
CLAW

CLAW #23324571

Listed
$1,685,000
01/27/2024
CLAW

CLAW #23324571

Removed
$1,685,000

Schools & Community

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

$633,919
Asking price
$1,589,000
Closing costs (~8% of asking)
-$127,120
Est. remaining loan balance
-$827,961
Cash to seller
$633,919

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

October 2021

Original loan amount

$879,200

Est. remaining balance

$827,961

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Heather Davidson and Justen Bradley

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 7:25 AM

Listing updated: 06/28/2024 at 2:43 PM

Listed by: Kathryn Tomasino, Keller Williams Luxury Homes Phone #: (760) 322-2286

MLS: CLAW #23324571

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