1161 E El Escudero, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$1,399,000
1161 E El Escudero, Palm Springs, California 92262
3Beds
2Baths
1,572Sqft
12,197Lot
Price Vs. Estimate
The estimated value ($782,375.16) is $616,624.84 (44%) lower than the list price ($1,399,000). 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 = 12197, living area = 1572.
Top Cons:
Significant Price Discrepancy: The listing price is substantially higher (44% above) the estimated market value, suggesting potential overpricing or a need for strong justification based on unstated upgrades or unique features.
Compared to the nearby listings
Price:$1.40M vs avg $925.0K (+$474,000)76%
Size:1,572 sqft vs avg 2,096 sqft26%
Price/sqft:$890 vs avg $49192%
More Insights
Built in 1978 (47 years old).
Condition: While built in 1978, the property has undergone extensive and high-quality renovations, particularly evident in the kitchen and bathrooms. The kitchen features modern white shaker cabinets, sleek quartz countertops, stainless steel appliances, and a contemporary backsplash. Both bathrooms are fully updated with modern vanities, fixtures, and stylish tile work. The property boasts modern large-format tile flooring throughout, updated lighting, and well-maintained exterior amenities including a pool, spa, fire pits, and a BBQ area. Owned solar panels are a significant recent upgrade. The overall aesthetic is contemporary and move-in ready, suggesting a comprehensive renovation within the last 5-15 years, aligning with the 'Good' criteria for extensively renovated properties.
Year Built
1978
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$890
HOA
-
Days on market
-
Sold On
-
MLS number
219125649DA
Home ConditionGood
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
Stunning mountain views, privacy and extra-large lot makes this 3 bedroom, 2 bath home a perfect desert retreat for primary or second home, entertaining and rental income/investment property. Open floor plan, light and bright interior, functional and charming inside-outside living, pass through kitchen window/bar top, barbecue area and 2 firepits. Large lot offers room to add a Casita for additional bedrooms and baths. 2 car attached garage, owned solar with no HOA dues. Completely walled/enclosed yard for pets. Close to downtown, no road noise or power lines. Successful rental history and short term Rental permits through the City of PS are available at this time.
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•0.7mi
4/10
Raymond Cree Middle School
Public,•6-8•0.1mi
6/10
Palm Springs High School
Public,•9-12•2.1mi
4/10
Desert Learning Academy
Public,•K-12•2.2mi
Condition Rating
Good
While built in 1978, the property has undergone extensive and high-quality renovations, particularly evident in the kitchen and bathrooms. The kitchen features modern white shaker cabinets, sleek quartz countertops, stainless steel appliances, and a contemporary backsplash. Both bathrooms are fully updated with modern vanities, fixtures, and stylish tile work. The property boasts modern large-format tile flooring throughout, updated lighting, and well-maintained exterior amenities including a pool, spa, fire pits, and a BBQ area. Owned solar panels are a significant recent upgrade. The overall aesthetic is contemporary and move-in ready, suggesting a comprehensive renovation within the last 5-15 years, aligning with the 'Good' criteria for extensively renovated properties.
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 = 1572.
Exceptional Mountain Views: The property boasts stunning mountain views, a highly sought-after amenity in Palm Springs, enhancing its aesthetic appeal and value.
Strong Income/Investment Potential: With a successful rental history and available short-term rental permits from the City of Palm Springs, this property offers excellent investment and income-generating opportunities.
Large, Private Lot with Expansion Potential: The extra-large, completely walled/enclosed lot provides significant privacy, is pet-friendly, and offers ample space to add a casita for additional bedrooms and baths, increasing future value and utility.
Cost-Saving Features: The inclusion of owned solar panels and no HOA dues significantly reduces ongoing ownership costs, making it a more attractive long-term investment.
Desirable Location: Its proximity to downtown Palm Springs, combined with the absence of road noise or power lines, offers a convenient yet tranquil living environment.
Cons
Significant Price Discrepancy: The listing price is substantially higher (44% above) the estimated market value, suggesting potential overpricing or a need for strong justification based on unstated upgrades or unique features.
Dated Construction: Built in 1978, the property's age, without explicit mention of comprehensive modern renovations, could imply an older aesthetic or systems that may require future investment to meet contemporary buyer expectations.
Modest Interior Square Footage: At 1572 sqft, the interior living space is relatively modest for a property listed at nearly $1.4 million, potentially limiting appeal for buyers prioritizing larger homes, despite the generous lot size.