2151 N Farrell, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
2151 N Farrell
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 2151 N Farrell, Palm Springs, California 92262 reveals a property with a current list price of $699,999, which is 8% above the estimated $638,711 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2151 N Farrell Subject | $699,999* List Price | 3 | 2 | 1,400 | $456 | - |
A 2100 Nicola Road E Sold | $555,000 | 3 | 3 | 1,541 | $360 | 0.3 mi |
B 1233 E Racquet Club Road Sold | $540,000 | 3 | 2 | 1,344 | $402 | 0.8 mi |
C 1880 Sharon Road Active | $775,000 List Price | 3 | 2 | 1,716 | $452 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1986, this property is 38 years old and shows clear signs of significant aging with no apparent major renovations. The kitchen features very dated light wood cabinets, older laminate-style countertops, and white appliances that appear to be original or from an early 90s update. The bathrooms exhibit a similar dated aesthetic with old vanities, integrated sinks, and outdated light fixtures. Flooring throughout, including tile and carpet, appears worn and dated. While the structure seems sound and the property is livable, the interior, particularly the kitchen and bathrooms, requires substantial rehabilitation and modernization to meet current standards, aligning with the 'poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 17424, living area = 1400.
- Land Ownership
The property includes full land ownership, a significant advantage in areas where land leases are common, offering greater long-term value and control.
- Prime Palm Springs Location
Situated just minutes from downtown Palm Springs, this location offers convenient access to amenities, entertainment, and the vibrant city lifestyle.
CONSRISKS & DEFICIENCIES
- Dated Interior / Renovation Needs
Built in 1986, the home's description of having 'endless possibilities' and being 'full of potential' suggests it likely requires significant updates and renovations to meet modern aesthetic and functional standards.
- Significant Price Reductions
The property has undergone multiple price reductions, from an original list price of $795,000 down to $699,999, which may indicate initial overpricing or challenges in attracting buyers.
- Relatively Smaller Interior Square Footage
With 1400 sqft for a 3-bedroom, 2-bathroom layout, the interior living space may be considered modest by some buyers, especially given the expansive lot size.
About 2151 N Farrell
YOU OWN THE LAND! Located just minutes from downtown Palm Springs, this 3-bedroom, 2-bathroom home is full of potential. The huge backyard is a standout feature, offering a large pool and plenty of space for outdoor lounging, entertaining, or soaking up the desert sun.Inside, the home has a spacious layout with endless possibilities, featuring a bright living area and an inviting kitchen. Whether you're looking for a full-time residence, vacation home, or investment property, this is a fantastic opportunity to make it your own in a prime Palm Springs location.Don't miss out-schedule your showing today! Bring ALL offers!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 17,424 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 1.3 mi
Katherine Finchy Elementary School
Grades K-5 • 1.4 mi
Raymond Cree Middle School
Grades 6-8 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,400 | 1,964 | 17% |
| Lot Size | 17,424 | 9,583 | 95% |
| Price | $700.0K | $895.0K | 26% |
| Price per sq ft | $500 | $478 | 56% |
| Built year | 1986 | 1989 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 278 | 179 | 82% |
Pricing History
Listed for Sale
Sep 15, 2025
$699,999
$749,999
-7% Price Drop
Initial Listing
Price Change
Aug 1, 2025
$749,999
Initial Listing
Price Change
Jun 2, 2025
$795,000
Initial Listing