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1150 E Via Colusa, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath

1150 E Via Colusa, Palm Springs, California 92262 home-pic-0
ACTIVE$1,150,000
1150 E Via Colusa, Palm Springs, California 92262
4Beds
3Baths
2,260Sqft
Lot

Price Vs. Estimate

The estimated value ($806,692.315) is $343,307.685 (29%) lower than the list price ($1,150,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location: Situated in the highly desirable Movie Colony neighborhood, near the famous Frank Sinatra house, and within close proximity to downtown Palm Springs for dining, shopping, and entertainment.
Top Cons:
Significant Overpricing: The current listing price of $1.15M is substantially higher than the estimated property value of approximately $806k, indicating it may be significantly overpriced for the market.

Compared to the nearby listings

Price:$1.15M vs avg $925.0K (+$225,000)65%
Size:2,260 sqft vs avg 2,100 sqft56%
Price/sqft:$509 vs avg $49154%

More Insights

Built in 1997 (28 years old).
Condition: Built in 1997, the property is 27 years old and appears to have largely original or minimally updated interiors. The kitchen features dated oak cabinets, white tile countertops, and a mix of white and black appliances, along with an outdated fluorescent light fixture. Bathrooms also exhibit dated tile work and fixtures. While the home seems well-maintained and functional, it requires significant cosmetic updates, especially in the kitchen and bathrooms, to meet current aesthetic standards, aligning with the 'fair' condition criteria.
Year Built
1997
Close
-
List price
$1.15M
Original List price
$1.25M
Price/Sqft
$509
HOA
-
Days on market
-
Sold On
-
MLS number
250022795SD
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Opportunity awaits to own in the sought after neighborhood of Movie Colony. This home is located by the famous Frank Sinatra house, and close distance to downtown. Enjoy the convince to be able to take a quick trip for dining, shopping and entertainment. The property features 4 bedrooms, 2.5 bathroom with an easy transitional floor plan. You will find tile throughout the main living areas and carpet in the 3 of the bedrooms. Step outside to the backyards mature palms, patio area, a classic designed pool, and privacy fencing to enjoy peace and tranquility the property offers. The 3 car garage provides ample storage, and is complemented by a convenient laundry room with unity sink off the garage entrance. With the layout and solid foundation, this house is a perfect for someone to create their dream home or investment property, a blank canvas for your personal touch.

Condition Rating
Fair
Built in 1997, the property is 27 years old and appears to have largely original or minimally updated interiors. The kitchen features dated oak cabinets, white tile countertops, and a mix of white and black appliances, along with an outdated fluorescent light fixture. Bathrooms also exhibit dated tile work and fixtures. While the home seems well-maintained and functional, it requires significant cosmetic updates, especially in the kitchen and bathrooms, to meet current aesthetic standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Exceptional Location: Situated in the highly desirable Movie Colony neighborhood, near the famous Frank Sinatra house, and within close proximity to downtown Palm Springs for dining, shopping, and entertainment.
Outdoor Oasis: Features a classic designed pool, mature palms, a dedicated patio area, and privacy fencing, creating a tranquil and inviting outdoor living space.
Ample Parking & Storage: Boasts a spacious 3-car garage providing significant storage capacity, complemented by a convenient laundry room with a utility sink.
Investment/Customization Potential: Described as a 'blank canvas' with a 'solid foundation,' offering a prime opportunity for buyers to personalize and create their dream home or a lucrative investment property.
Mountain Views: The property benefits from desirable mountain views, enhancing its aesthetic appeal and overall value.

Cons

Significant Overpricing: The current listing price of $1.15M is substantially higher than the estimated property value of approximately $806k, indicating it may be significantly overpriced for the market.
Dated Interiors & Renovation Needs: The description implies the home requires updating, referring to it as a 'blank canvas' and mentioning 'tile throughout the main living areas and carpet in 3 of the bedrooms,' suggesting potential for significant renovation costs.
Extended Market Time & Price Reduction: The property has been on the market for three months and has already seen a price reduction from $1.25M to $1.15M, which could signal challenges in attracting buyers at its current price point or condition.

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