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$1,064,801Estimated home value

Beds
5
Baths
4.0
sq ft
1,140

655 S El Cielo Rd, Palm Springs, CA 92264

655 S El Cielo Rd

Palm Springs, CA 92264

  • Sold On 8/16/2024
A beautifully renovated, stylish home with great separation of bedrooms and a large, private backyard with stunning views to the western mountains. This 5 bedroom/4 bath (3 bedrooms ensuite) smart home was enlarged and completely renovated in 2024 (house is now 2,353 sq. ft.) Over $700,000 invested in renovations including: new Chef's kitchen including custom cabinets, quartz countertops, and suite of new stainless steel appliances, all new supply-side plumbing, new electricals, new OWNED solar system (30 panels, 12KW System) new high R value insulation throughout walls & ceiling; along with a new roof, new pool and spa. Additionally, the house is offered Fully Furnished with full price offer. Take in views to the western mountains from the new pool and spa, while dining al fresco in the private backyard or while playing Bocce Ball in your own court. Located in the Little Beverly Hills neighborhood on the coveted south side of Palm Springs just off Palm Springs' largest park and the Prescott Wildlife Preserve, and close to downtown Palm Springs restaurants, shopping and entertainment. This home is discreetly close to where you want to be. With Fee Simple land (land you own) and no HOA, this property presents an unparalleled opportunity for luxurious desert living. Home is Move-In ready. Property qualifies for short-term/vacation rentals.

Details

Property type

Single Family Residence

Est. home value

$1,064,801

Property condition

Updated/Remodeled

Lot size

0.26 acres

Price per sq ft

$1,558

Year built

1958

Price History

08/16/2024
DesertArea

DesertArea #219114473

Sold
$1,750,000
-1.41%
07/29/2024
DesertArea

DesertArea #219114473

Pending
$1,775,000
07/23/2024
DesertArea

DesertArea #219114473

Listed
$1,775,000
+100.56%

Schools & Community

Neighborhood: 

Little Beverly Hills

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

$1,037,431
Asking price
$1,775,000
Closing costs (~8% of asking)
-$142,000
Est. remaining loan balance
-$595,569
Cash to seller
$1,037,431

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

Seller’s Loan History

Lender

Ally Bank

Loan start date

March 2022

Original loan amount

$625,000

Est. remaining balance

$595,569

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Eugene Lee Yang and Matthew Joseph Mclean

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: Off Market

Tomo last checked: 09/07/2024 at 5:20 PM

Listing updated: 08/16/2024 at 8:35 PM

Listed by: Robert M Menchini, Equity Union Phone #: (760) 621-0395

MLS: DesertArea #219114473

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