2303 N Magnolia, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
2303 N Magnolia
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 2303 N Magnolia, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $1,399,000—significantly undercutting the $1,498,695 Fair Market Value by 6%. This valuation gap indicates a +$99,695 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2303 N Magnolia Subject | $1,399,000* List Price | 4 | 2 | 2,199 | $682 | - |
A 796 E Racquet Club Road Sold | $1,082,500 | 4 | 3 | 2,270 | $477 | 1.0 mi |
B 1399 N Via Donna Sold | $1,695,000 | 4 | 3 | 2,198 | $771 | 0.9 mi |
C 1399 N Via Donna Sold | $1,695,000 | 4 | 3 | 2,198 | $771 | 0.9 mi |
D 2146 N Blando Road Sold | $980,000 | 3 | 3 | 1,520 | $645 | 0.8 mi |
E 2800 E San Juan Road Active | $1,199,900 List Price | 4 | 5 | 2,200 | $545 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1973, the property has undergone an extensive recent renovation within the last 5 years, qualifying it for an excellent rating. The interior features high-end modern finishes including laminated herringbone wood flooring, quartz countertops, and stainless steel appliances. Significant capital improvements have been made to major systems, including a new AC unit, a new electrical panel, a tankless water heater, and new pool plaster and pump, ensuring no deferred maintenance.
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 = 10019, living area = 2199.
- Turnkey Modernization
The property is fully updated and sold fully furnished, featuring high-end finishes like herringbone wood flooring and quartz countertops, alongside essential new infrastructure including a new AC unit, electrical panel, and tankless water heater.
- Premium Outdoor Amenities
Situated on a generous 10,019 sq ft lot, the home offers a private oasis with a newly plastered pool and spa, stunning mountain views, and versatile parking options including a two-car garage and dedicated RV space.
CONSRISKS & DEFICIENCIES
- Functional Layout
The laundry facilities are located in the garage rather than an interior utility room, which may be seen as a convenience drawback for a luxury-priced residence.
- Local School Ratings
While the property is centrally located, the assigned public schools carry average ratings (ranging from 4 to 7), which may be a consideration for families prioritizing top-tier educational districts.
About 2303 N Magnolia
Fully Updated * Fully Furnished * Ranch Estates Neighborhood * 4 bedrooms 2 bathrooms * 2,199 Sq Ft, 10,019 lot * large private pool and spa * New pool pump and plaster * Tankless water heater * High ceilings * formal dining room plus over sized family/great room with fireplace and bar area, New AC unit * laminated herringbone wood flooring * quartz counter tops * stainless steel appliances a new electrical panel * laundry in garage * RV parking plus 2 car garage and extra large driveway * mountain views * No HOA * Perfect for income property, 2nd home or primary residence. Short distance to shopping, restaurants, gym. Downtown Palm Springs, Design Center, Golf, Tennis, Hiking & Biking Trail
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 10,019 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 • 1.1 mi
Katherine Finchy Elementary School
Grades K-5 • 1.3 mi
Raymond Cree Middle School
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 2,199 | 1,964 | 58% |
| Lot Size | 10,019 | 9,583 | 58% |
| Price | $1.40M | $900.0K | 78% |
| Price per sq ft | $636 | $478 | 74% |
| Built year | 1973 | 1989 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 179 | 1% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,399,000
Initial Listing
Sold
Sep 21, 2016
$340,000
Public Record
Sold
May 21, 2015
$310,000
Public Record
Sold
Jul 30, 2010
$195,000
Public Record
Sold
Oct 13, 2000
$315,000
Public Record