1029 E El Alameda, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

1029 E El Alameda, Palm Springs, California 92262 home-pic-0
ACTIVE UNDER CONTRACT$1,100,000
1029 E El Alameda, Palm Springs, California 92262
3Beds
4Baths
2,100Sqft
13,068Lot

Price Vs. Estimate

The estimated value ($1,066,036.645) is $33,963.355 (3%) lower than the list price ($1,100,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 2100.
Top Cons:
Age-Related Maintenance & Updates: Built in 1935, the property's vintage nature, while charming, may necessitate ongoing maintenance or further modernization beyond the mentioned AC systems to meet contemporary buyer expectations.

Compared to the nearby listings

Price:$1.10M vs avg $925.0K (+$175,000)64%
Size:2,100 sqft vs avg 2,100 sqft50%
Price/sqft:$524 vs avg $49155%

More Insights

Built in 1935 (90 years old).
Condition: Built in 1935, this property maintains its vintage charm and has seen updates to its HVAC systems (Havoc system and mini-splits). However, the kitchen and bathrooms, while functional and clean, feature significantly dated elements such as blue and green tile countertops and backsplashes, and white appliances. These areas would likely require substantial cosmetic renovations to meet current buyer expectations for modern aesthetics, placing the property in the 'Fair' category where major components are functional but show signs of being outdated.
Year Built
1935
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$524
HOA
-
Days on market
-
Sold On
-
MLS number
219134959DA
Home ConditionFair
Features
Excellent View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic

About this home

Step back in time and embrace the allure of this exquisite 1930s bungalow, a true gem nestled in the heart of the historic movie colony. Imagine the whispers of early Hollywood echoing through these walls, with the legendary Bing Crosby as your next-door neighbor. Just a leisurely stroll away lies the picturesque Ruth Hardy Park, offering breathtaking panoramic mountain vistas that have captivated generations.This charming desert oasis boasts four bedrooms and four bathrooms, including a wonderfully convenient poolside retreat. Picture yourself unwinding on the expansive lot, complete with stylish cabanas, a sparkling pool, and a rejuvenating spa, all while soaking in those magnificent views from the unique grandfathered balcony.Inside, discover the thoughtful blend of vintage charm and modern comfort. A captivating fireplace from the bungalow's original era serves as a warm focal point in the spacious living areas, filled with delightful nooks and crannies just waiting to be explored. With the added convenience of a 3-ton Havoc system and energy-efficient mini-splits throughout, comfort and conservation go hand in hand. Large storage shed in rear, covered carport, one bathroom is outside by the pool area for ultimate flexibility The property features not one, but two luxurious master suites!Don't miss this extraordinary opportunity to live in a piece of mid-century history, a custom property brimming with characer and ready to create your own unforgettable memories.' Owner my carry some of bank loan.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-50.2mi
4/10
Raymond Cree Middle School
Public,6-80.7mi
6/10
Palm Springs High School
Public,9-121.5mi
4/10
Desert Learning Academy
Public,K-121.6mi
Condition Rating
Fair

Built in 1935, this property maintains its vintage charm and has seen updates to its HVAC systems (Havoc system and mini-splits). However, the kitchen and bathrooms, while functional and clean, feature significantly dated elements such as blue and green tile countertops and backsplashes, and white appliances. These areas would likely require substantial cosmetic renovations to meet current buyer expectations for modern aesthetics, placing the property in the 'Fair' category where major components are functional but show signs of being outdated.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 2100.
Historic Charm & Prime Location: Exquisite 1930s bungalow nestled in the heart of the historic movie colony, offering a unique connection to early Hollywood (Bing Crosby) and a leisurely stroll to Ruth Hardy Park.
Exceptional Outdoor Living: Expansive lot featuring a sparkling pool, rejuvenating spa, stylish cabanas, and a convenient poolside retreat/bathroom, perfect for entertainment and relaxation.
Panoramic Mountain Views: Breathtaking panoramic mountain vistas are available from the property, including a unique grandfathered balcony, significantly enhancing its aesthetic appeal and value.
Flexible Layout & Dual Master Suites: Boasts four bedrooms and four bathrooms, including two luxurious master suites, providing ample space and versatility for various living arrangements or guest accommodations.
Modern Comfort Systems: Equipped with a 3-ton Havoc system and energy-efficient mini-splits throughout, ensuring comfortable living conditions and energy conservation.

Cons

Age-Related Maintenance & Updates: Built in 1935, the property's vintage nature, while charming, may necessitate ongoing maintenance or further modernization beyond the mentioned AC systems to meet contemporary buyer expectations.
Potential Financing Complexity: The note 'Owner may carry some of bank loan' could indicate specific financing requirements or challenges, potentially limiting the pool of traditional buyers.
Limited Modern Renovation Details: While comfort systems are updated, the description lacks specific details on recent renovations to key areas like the main kitchen or other bathrooms, which might imply potential future investment for a buyer seeking fully modernized interiors.

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