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108 Chelsea Circle, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 3 bath

108 Chelsea Circle, Palm Desert, California 92260 home-pic-0
ACTIVE$1,244,000
108 Chelsea Circle, Palm Desert, California 92260
4Beds
3Baths
2,776Sqft
12,197Lot
Year Built
1988
Close
-
List price
$1.24M
Original List price
$1.3M
Price/Sqft
$448
HOA
$140
Days on market
-
Sold On
-
MLS number
219130401DA
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 55% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.24M(76th), sqft - 2776(63th), beds - 4(62th), baths - 3(50th).

A stunning home nested in the exclusive secure and gated enclave of Vista Paseo, a sought-after Palm Desert community with just 86 residences. Offering low HOA dues and a sense of community. Located less than a mile from El Paseo and Palm Desert's finest restaurants and shopping, as well as just minutes to excellent hiking trails. This former model home features a resort style backyard, mountain views, Pebble Tech salt water pool, heated spa, picturesque bridge pond and an array of citrus trees. Enjoy the convenience of a Tesla Backup system and Solar System - both owned, not leased. The expansive master, well appointed kitchen and spacious living areas make this the home perfect for easy living.

Nearby schools

7/10
Palm Desert High School
Public,•9-12•2.6mi
Condition Rating
Fair
The property, built in 1988, shows signs of being well-maintained with significant modern upgrades like the owned Tesla Backup system and Solar System. The kitchen is described as 'well appointed' and appears to have modern stainless steel appliances. However, the interior images reveal dated tile flooring throughout and mirrored closet doors with gold trim, suggesting that a comprehensive aesthetic renovation has not occurred recently. While functional and move-in ready, the overall interior style, particularly in key areas like flooring and general finishes, indicates it is aged and would likely require minor updates to meet current design standards, aligning with the 'Fair' condition criteria.
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 = 12197, living area = 2776.
Exclusive Gated Community: The property is situated in Vista Paseo, an exclusive, secure, and sought-after gated enclave with only 86 residences, offering a strong sense of community.
Prime Location & Accessibility: Located less than a mile from El Paseo's premier shopping and dining, and minutes from excellent hiking trails, providing convenient access to amenities and recreation.
Resort-Style Backyard & Mountain Views: Features a resort-style backyard with mountain views, a Pebble Tech saltwater pool, heated spa, picturesque bridge pond, and an array of citrus trees, ideal for outdoor living.
Owned Solar & Tesla Backup System: Includes an owned Tesla Backup system and Solar System, offering significant energy efficiency, reduced utility costs, and enhanced reliability.
Low HOA Dues: Benefits from low HOA dues, contributing to more affordable homeownership costs within a desirable community.

Cons

Potential for Dated Interior: Built in 1988, and while described as a 'former model home' with a 'well appointed kitchen,' the listing lacks explicit mention of a comprehensive, recent renovation throughout the entire home, which may lead to buyer expectations for updates compared to more recently remodeled comparables.
Significant Discrepancy in Automated Valuation: The listing price of $1.244M is substantially higher than the automated estimation value of $555,650.715, which could raise questions for potential buyers or lenders regarding the property's market value.
Aggressive Pricing Relative to Comps: The property's list price is higher than a newer (1995) and slightly larger (2923 sqft vs 2776 sqft) comparable property in the same subdivision that is currently pending at $1.185M, suggesting it may be priced aggressively given its age and stated features.

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