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$1,449,000

Beds
6
sq ft
4,114

73385 Shadow Mountain Dr, Palm Desert, CA 92260

73385 Shadow Mountain Dr

Palm Desert, CA 92260

  • 550 days on market
    • Price drop $50,000↓
REDUCED $300,000 FROM ORIGINAL LIST PRICE! NOW TWO UNITS CAN BE DELIVERED VACANT! CLASSIC 1967 MID-CENTURY MODERN TRIPLEX: Without question, one of the finest triplexes on the market today in the entire Coachella Valley. This luxury triplex has it all. "Fall out of bed" and you are literally on the El Paseo, the "Rodeo Drive of the Desert". Close proximity to some of the finest restaurants, shops & boutiques in the entire valley. Each unit is unique unto itself and features 2 Bedrooms + 2 Baths with private rear yards & patios. The property could be used as a family compound. UNIT 73385: Remodeled and recently updated. New tile flooring and paint throughout. New ceiling fans. Huge living room. Large kitchen. Glass walled formal dining area. Spacious primary suite with a separate den-sitting room that could easily be turned into a 3rd bedroom. The large glass atrium off of the primary suite is perfect for a home gym or yoga studio. Primary bath with stall shower. The second bedroom is large and features a hall bath with a separate tub & shower and outside access to the front, side, and rear yards. Large private rear yard with room for a pool & spa. Floor-to-ceiling walls of glass overlooking a private front-covered terrace that is perfect for outdoor dining. Single car garage plus additional outdoor off-street parking. Washer & dryer in unit. UNIT 73395: Newly painted. Spacious living room & formal dining area with floor-to-ceiling walls of glass overlooking a large yard with patio. Original mid-century modern kitchen with Formica counter tops and stack washer & dryer. Large primary suite with full bath. Spacious secondary bedroom with full hall bath. The private rear yard features an open patio with a retractable awning that is perfect for outdoor dining. Single-car garage with additional outdoor off-street parking. UNIT 73399: The largest of the 3 units. Spacious living room with French doors opening to the central courtyard. Absolutely huge family room/den with high ceilings. Large gourmet kitchen. Separate formal dining area. Two bedrooms both of which are suites each with its own bath. Each bedroom features sliding glass doors that open onto a private rear yard. In addition, there is also a private side yard patio area for this unit. Single car garage with additional outdoor off-street parking. Washer & dryer in unit. 2021 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

Details

Property type

Est. home value

$1,481,248

Property condition

Updated/Remodeled

Lot size

0.31 acres

Price per sq ft

$353

Year built

1967

HOA

No

Price History

04/03/2024
CLAW

CLAW #22227639

Price change
$1,449,000
-3.34%
03/02/2024
CLAW

CLAW #22227639

Price change
$1,499,000
-1.7%
01/21/2024
CLAW

CLAW #22227639

Listed
$1,525,000
+32.61%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Desert Sands 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

$916,016
Asking price
$1,449,000
Closing costs (~8% of asking)
-$115,920
Est. remaining loan balance
-$417,064
Cash to seller
$916,016

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

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

March 2021

Original loan amount

$450,000

Est. remaining balance

$417,064

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Jay D Rifkin and Thomas A Goble

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: 07/01/2024 at 10:00 AM

Listing updated: 06/21/2024 at 8:43 AM

Listed by: Rick Chimienti, Berkshire Hathaway HomeServices California Properties Phone #: (310) 777-7800

MLS: CLAW #22227639

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