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12463 Sylvanus Drive, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 4 bed, 3 bath

12463 Sylvanus Drive, Desert Hot Springs, California 92240 home-pic-0
ACTIVE$699,900$2,009/sqft
Est. Value: $651,614
-6%
AboveEstimate
12463 Sylvanus Drive, Desert Hot Springs, California 92240
4Beds
3Baths
2,009Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($651,614.36) is $48,285.64 (6%) lower than the list price ($699,900). 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 = 9583, living area = 2009.
Top Cons:
Recent Price Reduction: The property has seen a price reduction from its original list price of $730,000 to $699,900, which may indicate an initial overpricing or market adjustments.

Compared to the nearby listings

Price:$699.9K vs avg $405.0K (+$294,900)100%
Size:2,009 sqft vs avg 1,643 sqft80%
Price/sqft:$348 vs avg $25198%

More Insights

Built in 2022 (4 years old).
Condition: This property was built in 2022, making it virtually brand new. The description highlights 'custom-level finishes,' 'GE stainless steel appliances,' 'maple wood cabinetry,' and 'porcelain tile flooring throughout.' The images confirm a modern, pristine kitchen with white cabinetry, white countertops, and new stainless steel appliances. Bathrooms feature contemporary vanities, white subway tile, a large soaking tub, and walk-in showers, all in excellent, new condition. The entire property, including the newly completed pool, spa, and landscaping, shows no signs of wear and tear or deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Year Built
2022
Close
-
List price
$700K
Original List price
$730K
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
219140309DA
Home ConditionExcellent
Features
Excellent View: Desert, Mountain(s), Panoramic, Pool
Pool
Spa
Patio
ViewDesert, Mountain(s), Panoramic, Pool

About this home

Every detail of this home has been thoughtfully and meticulously crafted by the world-renowned architectural firm Bassenian Lagoni, offering custom-level finishes at a production builder price. This beautifully designed residence features an open-concept floor plan with soaring ceilings and a great room bathed in natural light. The spacious primary suite includes a luxurious ensuite bathroom with a hand-crafted tiled shower, large soaking tub, dual vanities, private water closet, and an expansive walk-in closet. A private attached casita with a separate entrance offers a full bath and kitchenette--ideal for guests, extended family, or rental income. Step outside to your newly completed backyard oasis, where a stunning brand-new pool and spa are paired with freshly installed professional landscaping and a built-in outdoor firepit--perfect for entertaining or relaxing under the stars. Enjoy your favorite drink while soaking in the breathtaking panoramic views of the San Jacinto Mountains. Additional highlights include a paid solar system, energy-efficient construction, GE stainless steel appliances, over 11-foot ceilings, maple wood cabinetry, porcelain tile flooring throughout, an oversized ~10,000 sq ft lot, and the freedom of NO HOA and NO MELLO ROOS. Hurry this one will go Fast!!!

J
Jose Espinoza
Listing Agent

Nearby schools

4/10
Two Bunch Palms Elementary School
Public,•K-5•1.0mi
2/10
Painted Hills Middle School
Public,•6-8•1.6mi
3/10
Desert Hot Springs High School
Public,•9-12•0.3mi
4/10
Desert Learning Academy
Public,•K-12•9.9mi

Price History

Date
Event
Price
08/21/23
Sold
$585,000
07/27/21
Sold
$1,476,000
Condition Rating
Excellent
This property was built in 2022, making it virtually brand new. The description highlights 'custom-level finishes,' 'GE stainless steel appliances,' 'maple wood cabinetry,' and 'porcelain tile flooring throughout.' The images confirm a modern, pristine kitchen with white cabinetry, white countertops, and new stainless steel appliances. Bathrooms feature contemporary vanities, white subway tile, a large soaking tub, and walk-in showers, all in excellent, new condition. The entire property, including the newly completed pool, spa, and landscaping, shows no signs of wear and tear or deferred maintenance, aligning perfectly with the 'Excellent' 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 = 9583, living area = 2009.
Brand New Construction & Architectural Design: Built in 2022 by the world-renowned architectural firm Bassenian Lagoni, this home offers custom-level finishes at a production builder price, ensuring modern design and quality.
Income-Generating Casita: A private attached casita with a separate entrance, full bath, and kitchenette provides excellent versatility for guests, extended family, or potential rental income.
Resort-Style Backyard Oasis: The newly completed backyard features a stunning brand-new pool and spa, professional landscaping, and a built-in outdoor firepit, perfect for entertaining and relaxation.
Energy Efficiency & Cost Savings: Equipped with a paid solar system and energy-efficient construction, the property also benefits from no HOA and no Mello Roos fees, leading to significant long-term savings.
Panoramic Mountain Views & Generous Lot: Enjoy breathtaking panoramic views of the San Jacinto Mountains from an oversized ~10,000 sq ft lot, offering ample space and a picturesque setting.

Cons

Recent Price Reduction: The property has seen a price reduction from its original list price of $730,000 to $699,900, which may indicate an initial overpricing or market adjustments.
Mixed School Ratings: While some local schools have good ratings, the Painted Hills Middle School has a lower rating of 2, which could be a consideration for families with school-aged children.
Significant Price Discrepancy in Sales History: A recent sale in August 2023 for $585,000 is considerably lower than the current asking price of $699,900, which may require justification for potential buyers regarding the rapid value increase.
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