13655 El Rio Lane, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 4 bed, 2 bath
ACTIVE$579,000
13655 El Rio Lane, Desert Hot Springs, California 92240
4Beds
2Baths
1,972Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($496,771.585) is $82,228.415 (14%) lower than the list price ($579,000). 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 = 8276, living area = 1972.
Top Cons:
Potential Overpricing: The current listing price of $579,000 is significantly above the estimated property value of $500,523, which may deter potential buyers or necessitate a price adjustment.
Compared to the nearby listings
Price:$579.0K vs avg $400.0K (+$179,000)96%
Size:1,972 sqft vs avg 1,625 sqft79%
Price/sqft:$294 vs avg $25480%
More Insights
Built in 1992 (33 years old).
Condition: The property, built in 1992, has undergone significant modern upgrades as evidenced by the description and images. The kitchen features modern stainless steel appliances and white countertops, while the bathrooms boast contemporary walk-in showers with updated fixtures and tiling. Flooring is a mix of Spanish tile and wood-look laminate, and the home includes smart features and solar panels. While the core structure is over 30 years old, the extensive renovations make it move-in ready and well-maintained, fitting the 'Good' condition criteria.
Year Built
1992
Close
-
List price
$579K
Original List price
$599K
Price/Sqft
$294
HOA
-
Days on market
-
Sold On
-
MLS number
PW25057104
Home ConditionGood
Features
Pool
Spa
Patio
View-
About this home
Resort Living Style home fully furnish centrally located in Desert Hot Springs and 10 minutes away from Downtown Palm Springs. Fully set up Air B&B "Short Term" rental with high monthly income and ready to take over existing booking. Beautifully upgraded home with Spanish flooring. Amenities (Game Rooms, Pool & Spa) and Green Solar Energy (24 Panels). Gorgeous, cozy and comfortable modern designs of Living Room, Dining Room, Kitchen, Bedrooms & Bathrooms. Private back yard with Salt Water Pool, Spas & BBQ area. Updated automated system with smart home features offers the best of modern living with the comfort of your mobile Phone. Plenty of parking spaces and a separate Boat or RV Parking. Hurry! It won't last.
Condition Rating
Good
The property, built in 1992, has undergone significant modern upgrades as evidenced by the description and images. The kitchen features modern stainless steel appliances and white countertops, while the bathrooms boast contemporary walk-in showers with updated fixtures and tiling. Flooring is a mix of Spanish tile and wood-look laminate, and the home includes smart features and solar panels. While the core structure is over 30 years old, the extensive renovations make it move-in ready and well-maintained, fitting the 'Good' 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 = 8276, living area = 1972.
Established Income Property: The property is fully set up as an Air B&B short-term rental with a high monthly income and existing bookings ready for immediate takeover, offering a turnkey investment opportunity.
Extensive Resort-Style Amenities: Features include game rooms, a private backyard with a saltwater pool, spas, and a BBQ area, providing a comprehensive resort-like living experience for residents and guests.
Modern Upgrades & Smart Home Technology: The home boasts beautiful upgrades, modern designs, Spanish flooring, and an updated automated system with smart home features, enhancing comfort and contemporary living.
Solar Energy System: Equipped with 24 solar panels, the property benefits from green energy, leading to significant cost savings on utilities and a reduced environmental footprint.
Convenient Location & Parking: Centrally located in Desert Hot Springs, just 10 minutes from Downtown Palm Springs, with ample parking spaces including dedicated boat or RV parking, adding to its practicality and appeal.
Cons
Potential Overpricing: The current listing price of $579,000 is significantly above the estimated property value of $500,523, which may deter potential buyers or necessitate a price adjustment.
Lack of Scenic Views: The property description explicitly states 'None' for views, which could be a drawback for buyers seeking panoramic or desirable scenic outlooks often associated with the region.
Age of Core Structure: Built in 1992, the property's underlying infrastructure is over 30 years old. While cosmetically upgraded, this may imply potential for future maintenance or updates to original systems like plumbing or electrical.