1429 E Francis, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$830,000$1,475/sqft
Est. Value: $740,884
-10%
AboveEstimate
1429 E Francis, Palm Springs, California 92262
3Beds
2Baths
1,475Sqft
10,019Lot
Price Vs. Estimate
The estimated value ($740,884.445) is $89,115.555 (10%) lower than the list price ($830,000). 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 = 10019, living area = 1475.
Top Cons:
Significant Recent Price Increase: The property was sold for $725,000 in June 2024 and is now listed at $830,000, representing a substantial price jump in a very short period that may require buyer justification.
Compared to the nearby listings
Price:$830.0K vs avg $900.0K ($-70,000)40%
Size:1,475 sqft vs avg 2,014 sqft23%
Price/sqft:$563 vs avg $48064%
More Insights
Built in 1990 (36 years old).
Condition: The property, built in 1990, has undergone significant cosmetic updates, including modern laminate flooring throughout, fresh paint, updated kitchen cabinets with new countertops, and renovated bathroom vanities with contemporary fixtures and vessel sinks. These updates make the home move-in ready. However, the kitchen still features older white appliances and a dated fluorescent light panel, and the bathroom vanity lighting is also somewhat dated. While the cosmetic renovations are recent and appealing, the age of the property (34 years) and the lack of specific information regarding updates to major systems (HVAC, plumbing, electrical) prevent it from reaching an 'Excellent' rating. It fits the 'Good' category as it's move-in ready with well-maintained systems and recent cosmetic updates, but not a full, recent top-to-bottom renovation.
Year Built
1990
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
$563
HOA
-
Days on market
-
Sold On
-
MLS number
MB25279529
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
Discover the quintessential Palm Springs lifestyle in this stunning Desert retreat. ?From the moment you enter, you are greeted by an expansive open-concept floor plan that radiates with natural light. The Room flows seamlessly into the dining area, where a wall of glass sliders frames your private backyard paradise. large master bedroom with walk in master closet with private bathroom?. Situated on a meticulously landscaped lot with towering Palms, the backyard features a sparkling pool and a raised, custom-tiled spillover spa. Whether you’re hosting a dinner parties under the covered patio with festive string lighting or soaking in the mountain views, this home offers unparalleled privacy and tranquility. ?Ideal as a sophisticated primary residence, a seasonal getaway, or a high-performing short-term rental investment. Welcome home to your private desert sanctuary.
I
IVAN PEREZ
Listing Agent
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•0.8mi
6/10
Palm Springs High School
Public,•9-12•2.6mi
4/10
Desert Learning Academy
Public,•K-12•2.8mi
Price History
Date
Event
Price
09/20/93
Sold
$140,500
06/24/24
Sold
$725,000
Condition Rating
Good
The property, built in 1990, has undergone significant cosmetic updates, including modern laminate flooring throughout, fresh paint, updated kitchen cabinets with new countertops, and renovated bathroom vanities with contemporary fixtures and vessel sinks. These updates make the home move-in ready. However, the kitchen still features older white appliances and a dated fluorescent light panel, and the bathroom vanity lighting is also somewhat dated. While the cosmetic renovations are recent and appealing, the age of the property (34 years) and the lack of specific information regarding updates to major systems (HVAC, plumbing, electrical) prevent it from reaching an 'Excellent' rating. It fits the 'Good' category as it's move-in ready with well-maintained systems and recent cosmetic updates, but not a full, recent top-to-bottom renovation.
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 = 10019, living area = 1475.
Desirable Palm Springs Location & Mountain Views: Situated in the sought-after North End Palm Springs area, the property offers picturesque mountain views and embodies the quintessential desert lifestyle.
Exceptional Outdoor Entertainment & Amenities: Features a sparkling pool, custom-tiled spillover spa, covered patio with festive string lighting, and a meticulously landscaped private backyard, ideal for entertaining and relaxation.
Versatile Investment Opportunity: Marketed as suitable for a sophisticated primary residence, a seasonal getaway, or a high-performing short-term rental, appealing to a broad range of potential buyers.
Spacious Open-Concept Layout & Natural Light: Boasts an expansive open-concept floor plan that radiates with natural light and offers seamless indoor-outdoor flow through a wall of glass sliders to the backyard paradise.
Generous Lot Size & Privacy: Offers a substantial 10,019 sqft lot, providing ample outdoor space and promoting 'unparalleled privacy and tranquility'.
Cons
Significant Recent Price Increase: The property was sold for $725,000 in June 2024 and is now listed at $830,000, representing a substantial price jump in a very short period that may require buyer justification.
Potential for Dated Interior Systems/Finishes: Built in 1990, the description highlights an open concept and master suite features but lacks specific details on recent updates to key interior elements like the kitchen, other bathrooms, or major systems (e.g., HVAC, plumbing, electrical), which could imply potential for future renovation costs.
Lack of Mention of Cooling System: Given the Palm Springs climate, the absence of any explicit mention of a cooling system (e.g., air conditioning) in the property description is a notable omission and could be a significant concern for potential buyers.