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1420 Lorena Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

1420 Lorena Way, Palm Springs, California 92262 home-pic-0
ACTIVE$1,474,999
1420 Lorena Way, Palm Springs, California 92262
3Beds
4Baths
2,499Sqft
10,018Lot

Price Vs. Estimate

The estimated value ($1,258,440.805) is $216,558.195 (14%) lower than the list price ($1,474,999). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Outdoor Living: The property boasts a private, resort-style backyard featuring a sparkling pool, fully equipped outdoor kitchen, open-air shower, and mature landscaping, ideal for entertaining and relaxation.
Top Cons:
Significant Price Discrepancy: The listing price of $1,474,999 is notably above the estimated property value of $1,308,221.96, potentially posing a challenge in attracting competitive offers or justifying the premium to buyers.

Compared to the nearby listings

Price:$1.47M vs avg $925.0K (+$549,999)78%
Size:2,499 sqft vs avg 2,100 sqft69%
Price/sqft:$590 vs avg $49168%

More Insights

Built in 2004 (21 years old).
Condition: Built in 2004, this property is 20 years old, fitting within the 'Good' category's age range. The listing highlights 'beautifully upgraded' features, including a 'well-appointed kitchen with granite countertops, stainless steel appliances, and abundant cabinetry,' and a 'spa-inspired bathroom with travertine counters and floors, a soaking tub, and a large separate shower.' Images confirm these descriptions, showing modern stainless steel appliances, well-maintained dark wood cabinetry, and high-quality bathroom finishes. The 'new laminate flooring in the bedrooms' and wood-look tile in living areas are modern and in excellent condition. While not a brand-new build or a full renovation within the last five years, the home is clearly move-in ready, well-maintained, and features significant updates that ensure comfort and functionality without immediate renovation needs.
Year Built
2004
Close
-
List price
$1.47M
Original List price
$1.5M
Price/Sqft
$590
HOA
-
Days on market
-
Sold On
-
MLS number
25568241PS
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Welcome to 1420 Lorena Way a beautifully upgraded desert retreat that blends timeless elegance with modern comfort. This spacious 3-bedroom, 2.5-bath home also includes a versatile den that can easily serve as a fourth bedroom, home office, or creative studio. Designed for effortless indoor-outdoor living, the home opens to a resort-style backyard that feels like your own private paradise. Surrounded by mature privacy hedges and swaying palm trees, the outdoor space offers total seclusion and tranquility. Take in breathtaking views of the San Jacinto Mountains as you lounge by the sparkling pool, fire up the fully equipped outdoor kitchen, or rinse off in the open-air shower all while enjoying the peace and beauty of your desert oasis. Inside, an open-concept layout is filled with natural light. The living and dining areas flow seamlessly into a well-appointed kitchen with granite countertops, stainless steel appliances, and abundant cabinetry. New laminate flooring in the bedrooms adds a modern and low-maintenance touch. The luxurious primary suite features stunning views of the pool and mountains, a massive walk-in closet, and a spa-inspired bathroom with travertine counters and floors, a soaking tub, and a large separate shower. Additional highlights include leased solar with low monthly payments, FEE land (you own it!), and no HOA or restrictive community rules. Conveniently located near shopping, parks, and schools, and just a short drive to vibrant Downtown Palm Springs with its restaurants, entertainment, and cultural attractions. This home is a rare blend of privacy, comfort, and resort-style living in a prime location you'll love to call home.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•0.5mi
6/10
Palm Springs High School
Public,•9-12•2.3mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
Condition Rating
Good
Built in 2004, this property is 20 years old, fitting within the 'Good' category's age range. The listing highlights 'beautifully upgraded' features, including a 'well-appointed kitchen with granite countertops, stainless steel appliances, and abundant cabinetry,' and a 'spa-inspired bathroom with travertine counters and floors, a soaking tub, and a large separate shower.' Images confirm these descriptions, showing modern stainless steel appliances, well-maintained dark wood cabinetry, and high-quality bathroom finishes. The 'new laminate flooring in the bedrooms' and wood-look tile in living areas are modern and in excellent condition. While not a brand-new build or a full renovation within the last five years, the home is clearly move-in ready, well-maintained, and features significant updates that ensure comfort and functionality without immediate renovation needs.
Pros & Cons

Pros

Exceptional Outdoor Living: The property boasts a private, resort-style backyard featuring a sparkling pool, fully equipped outdoor kitchen, open-air shower, and mature landscaping, ideal for entertaining and relaxation.
Prime Location & Ownership Advantages: Benefits from a convenient location near Downtown Palm Springs amenities, coupled with FEE land ownership (no HOA) and leased solar for reduced utility costs.
Modern & Upgraded Interior: Features an open-concept layout, abundant natural light, a well-appointed kitchen with high-end finishes, new bedroom flooring, and a luxurious primary suite with a spa-like bathroom.
Versatile Floor Plan: Includes a flexible den space easily convertible to a fourth bedroom, home office, or creative studio, enhancing the property's adaptability.
Breathtaking Mountain Views: Offers stunning, unobstructed views of the San Jacinto Mountains, significantly contributing to the property's aesthetic appeal and desirability.

Cons

Significant Price Discrepancy: The listing price of $1,474,999 is notably above the estimated property value of $1,308,221.96, potentially posing a challenge in attracting competitive offers or justifying the premium to buyers.
Leased Solar System: While providing energy savings, the solar panels are leased rather than owned, which may be less appealing to some buyers who prefer outright ownership for long-term asset value.
Implied Cooling System (Not Explicitly Stated): In a hot climate like Palm Springs, the absence of explicit mention regarding the type or condition of the cooling system could raise questions for potential buyers, despite the home's modern build year.

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