20158 Penny Lane, Desert Hot Springs, California 92241, Desert Hot Springs, 92241 - 4 bed, 2 bath
ACTIVE$539,000$1,800/sqft
Est. Value: $541,246
%
FairlyEstimate
20158 Penny Lane, Desert Hot Springs, California 92241
4Beds
2Baths
1,800Sqft
206,474Lot
Price Vs. Estimate
The estimated value ($541,246.28) is $2,246.28 (0%) lower than the list price ($539,000). 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 = 206474, living area = 1800.
Top Cons:
Undeveloped Outdoor Space: While the lot is expansive, the description does not indicate any developed landscaping or outdoor living areas, suggesting potential additional investment for buyers to create desired exterior amenities.
Compared to the nearby listings
Price:$539.0K vs avg $504.5K (+$34,500)55%
Size:1,800 sqft vs avg 1,901 sqft45%
Price/sqft:$299 vs avg $28465%
More Insights
Built in 2023 (3 years old).
Condition: This property was built in 2023, making it a brand new construction. The images confirm a modern aesthetic throughout, featuring new stainless steel kitchen appliances, contemporary grey cabinetry, light speckled countertops, fresh white paint, and a mix of new wood-look tile/laminate and grey carpet flooring. Both bathrooms are also new with matching modern vanities and fixtures. All components are new and meet current quality standards, indicating no deferred maintenance.
Year Built
2023
Close
-
List price
$539K
Original List price
$539K
Price/Sqft
$299
HOA
-
Days on market
-
Sold On
-
MLS number
219140527DA
Home ConditionExcellent
Features
Excellent View: Hills, Mountain(s)
Deck
ViewHills, Mountain(s)
About this home
New home on just under 5 acres with an oversized (20 X 30) two car garage and workshop. This new home is on a permanent foundation and includes kitchen appliances. This area is part of the IID (Imperial Irrigation District - electric company) which will save you money on your electric bills. This unit is 4 bedrooms, 2 baths with a den and 1800 square feet of living space. The views from this home are nothing less than spectacular as you look out to see Mount San Jacinto, and San Gorgonio , along with the little San Bernardino mountains along the side and east. This home gives you the feel of wide open spaces as you enjoy peace and quiet all around you. EZ to show!
T
Thomas Masters
Listing Agent
Price History
Date
Event
Price
05/14/21
Sold
$55,000
05/14/20
Sold
$45,000
05/28/19
Sold
$45,000
01/09/03
Sold
$24,000
Condition Rating
Excellent
This property was built in 2023, making it a brand new construction. The images confirm a modern aesthetic throughout, featuring new stainless steel kitchen appliances, contemporary grey cabinetry, light speckled countertops, fresh white paint, and a mix of new wood-look tile/laminate and grey carpet flooring. Both bathrooms are also new with matching modern vanities and fixtures. All components are new and meet current quality standards, indicating no deferred maintenance.
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 = 206474, living area = 1800.
Brand New Construction: Built in 2023, this new home offers modern standards, minimal immediate maintenance, and includes essential kitchen appliances, providing a move-in ready experience.
Expansive Acreage & Privacy: Situated on just under 5 acres, the property provides significant privacy, a sense of wide-open spaces, and a tranquil, quiet environment.
Spectacular Panoramic Views: The home boasts breathtaking, unobstructed views of Mount San Jacinto, San Gorgonio, and the Little San Bernardino mountains, enhancing its aesthetic appeal.
Cost-Efficient Utilities: Being part of the Imperial Irrigation District (IID) for electricity offers substantial savings on utility bills, a significant financial benefit for homeowners.
Generous Garage & Workshop: Features an oversized 20x30 two-car garage with an integrated workshop, providing ample space for vehicles, storage, hobbies, or projects.
Cons
Undeveloped Outdoor Space: While the lot is expansive, the description does not indicate any developed landscaping or outdoor living areas, suggesting potential additional investment for buyers to create desired exterior amenities.
Potential for Remote Location: The emphasis on 'wide open spaces' and 'peace and quiet' implies a more secluded setting, which might be a drawback for buyers prioritizing immediate access to urban conveniences or established community infrastructure.
Absence of Cooling System Mention: Given the Desert Hot Springs climate, the lack of any mention of a cooling system (e.g., air conditioning) in the description is a significant omission and potential concern for comfort during warmer months.