1811 Lawrence Street, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
ACTIVE$785,000
1811 Lawrence Street, Palm Springs, California 92264
3Beds
2Baths
1,200Sqft
10,890Lot
Year Built
1958
Close
-
List price
$785K
Original List price
$825K
Price/Sqft
$654
HOA
-
Days on market
-
Sold On
-
MLS number
219129099DA
Home ConditionExcellent
Features
Excellent View: Park/Greenbelt, Golf Course, Mountain(s), Panoramic
Pool
Spa
Patio
ViewPark/Greenbelt,Golf Course,Mountain(s),Panoramic
About this home
Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,6 Pros. Rank: price - $785.0K(19th), sqft - 1200(7th), beds - 3(50th), baths - 2(33th).
The complete Resort Property Completely Renovated and ready to move in or rent out. Spectacular Resort back yard, New Hotel size pool & spa with tanning island and a view of the Golf course and panoramic mountain views. Outside cooking and dining under the gazebo while you enjoy the palm springs life. inside the property is like New
Condition Rating
Excellent
Despite being built in 1958, the property has been 'Completely Renovated' and is described as 'like New inside,' which is strongly supported by the images. The kitchen features modern white shaker cabinets, black granite countertops, and stainless steel appliances. Bathrooms showcase contemporary subway tile showers and updated fixtures. The entire interior has new LVP flooring and recessed lighting, indicating a thorough and recent overhaul. The exterior also boasts a new, resort-style pool and spa. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning with the 'Excellent' condition criteria for an extensively renovated property.
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 = 10890, living area = 1200.
Extensive Renovation: The property has been 'Completely Renovated' and is described as 'like New' inside, offering a move-in ready experience for buyers or immediate rental potential.
Resort-Style Outdoor Amenities: Features a 'Spectacular Resort back yard' with a 'New Hotel size pool & spa with tanning island,' and 'Outside cooking and dining under the gazebo,' enhancing the Palm Springs lifestyle.
Premium Views: Boasts desirable 'Golf course and panoramic mountain views,' adding significant aesthetic and market value to the property.
Investment/Rental Potential: Explicitly stated as 'ready to move in or rent out,' indicating strong potential for vacation rental income in the popular Palm Springs market.
Desirable Location: Situated in the 'Tahquitz Creek Golf' subdivision in Palm Springs, a well-regarded area known for its golf courses and access to city amenities.
Cons
Significant Overpricing: The listing price of $785,000 is approximately double the estimated property value of $390,016, suggesting a substantial overvaluation compared to market analytics.
Older Construction Age: Built in 1958, the property is over 65 years old. While renovated, the underlying older structure may still present potential issues with original systems or require more extensive maintenance in the long term.
Modest Square Footage for Price: With 1200 sqft, the interior living space is relatively modest for its high asking price, especially when compared to some nearby properties that offer more square footage for similar or slightly higher values.