228 Sandy Point Trail, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 3 bath
ACTIVE$485,000
228 Sandy Point Trail, Palm Springs, California 92262
2Beds
3Baths
1,343Sqft
1,172Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Resort-Style Amenities: The 'Palermo' complex offers exceptional resort-style living with two community pools and spas, a clubhouse featuring a kitchen and billiards, and a gym, significantly enhancing lifestyle and rental appeal.
Top Cons:
Original Interior Condition: Described as being in 'original condition' (despite recent paint and new carpet upstairs), the property likely requires significant updates to key areas like the kitchen and bathrooms to meet modern aesthetic and functional standards.
Compared to the nearby listings
Price:$485.0K vs avg $338.0K (+$147,000)72%
Size:1,343 sqft vs avg 1,068 sqft72%
Price/sqft:$361 vs avg $34856%
More Insights
Built in 2007 (18 years old).
Condition: The property, built in 2007, is 17 years old and explicitly stated to be in 'original condition' with only recent paint and new carpet upstairs. The kitchen, as seen in the images, features dated dark wood cabinets, speckled countertops, and black appliances, typical of early 2000s builder-grade. While functional, these elements are outdated and would require significant updates to meet modern aesthetic and functional standards. The bathrooms, though not pictured, are also implied to be in original condition. This aligns with a 'Fair' rating, indicating the home is maintained but shows signs of being outdated and requires minor updates to key areas.
Year Built
2007
Close
-
List price
$485K
Original List price
$485K
Price/Sqft
$361
HOA
$532
Days on market
-
Sold On
-
MLS number
25559253
Home ConditionFair
Features
Good View:
Patio
View
About this home
Two-story Townhouse in the "Palermo" complex. In original condition with recent paint and new carpet upstairs. Unit has a private walled back-yard and the upper level has a large patio for indoor / outdoor living. The complex offers resort style living with two community pools and spas, a club house with a kitchen, billiards and a gym. Fee land (No Land Lease). Currently tenant occupied with a tenant paying a market rent of $2,490 / month. Ideal for an investor looking to acquire an investment through a 1031 exchange. Listing agent is the property owner. Owner will consider carrying a 1st Trust Deed with a large down payment at a competitive rate and terms. Inside with an accepted offer. The back of the unit faces north and not into any other units in the complex.
Nearby schools
6/10
Vista Del Monte Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•1.4mi
6/10
Palm Springs High School
Public,•9-12•3.4mi
4/10
Desert Learning Academy
Public,•K-12•3.5mi
Condition Rating
Fair
The property, built in 2007, is 17 years old and explicitly stated to be in 'original condition' with only recent paint and new carpet upstairs. The kitchen, as seen in the images, features dated dark wood cabinets, speckled countertops, and black appliances, typical of early 2000s builder-grade. While functional, these elements are outdated and would require significant updates to meet modern aesthetic and functional standards. The bathrooms, though not pictured, are also implied to be in original condition. This aligns with a 'Fair' rating, indicating the home is maintained but shows signs of being outdated and requires minor updates to key areas.
Pros & Cons
Pros
Resort-Style Amenities: The 'Palermo' complex offers exceptional resort-style living with two community pools and spas, a clubhouse featuring a kitchen and billiards, and a gym, significantly enhancing lifestyle and rental appeal.
Fee Land Ownership: This property is on 'Fee land' (no land lease), a significant advantage in Palm Springs that provides full ownership and avoids the complexities and potential appreciation limitations associated with leasehold properties.
Investor-Ready with Immediate Income: Currently tenant-occupied with a market rent of $2,490/month, this townhouse offers immediate cash flow, making it an ideal acquisition for investors, particularly those seeking a 1031 exchange.
Flexible Financing Option: The owner is open to carrying a 1st Trust Deed with a large down payment at competitive rates and terms, providing a unique and potentially attractive financing solution for buyers.
Private Outdoor Spaces & Privacy: The unit boasts a private walled backyard and a large upper-level patio, perfect for indoor/outdoor living. Its north-facing orientation ensures privacy by not looking into other units.
Cons
Original Interior Condition: Described as being in 'original condition' (despite recent paint and new carpet upstairs), the property likely requires significant updates to key areas like the kitchen and bathrooms to meet modern aesthetic and functional standards.
High Monthly Association Fees: The substantial monthly association fee of $532 adds significantly to the carrying costs, which could impact an investor's net operating income or an owner-occupant's overall affordability.
Tenant Occupancy for Owner-Occupants: While beneficial for investors, the current tenant occupancy means an owner-occupant would need to navigate existing lease terms and tenant rights, potentially delaying move-in or requiring a lease buyout.