RealKey
‪(213) 433-7766‬

2371 Via Sonoma B, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath

2371 Via Sonoma B, Palm Springs, California 92264 home-pic-0
ACTIVE UNDER CONTRACT$495,000
2371 Via Sonoma B, Palm Springs, California 92264
3Beds
2Baths
1,710Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Long-Term Land Lease Security: The property's land lease is secured until 2077, offering long-term stability and is highlighted as a 'PHENOMENAL OPPORTUNITY' for buyers.
Top Cons:
Land Lease Ownership Model: Despite being secured, the land lease structure can be a significant deterrent for some buyers, potentially affecting financing options, long-term appreciation, and overall ownership perception compared to fee simple properties.

Compared to the nearby listings

Price:$495.0K vs avg $442.4K (+$52,550)62%
Size:1,710 sqft vs avg 1,307 sqft74%
Price/sqft:$289 vs avg $33823%

More Insights

Built in 1977 (48 years old).
Condition: The property, built in 1977, is well-maintained with updated Milgard double-pane windows and modern stainless steel kitchen appliances. However, the kitchen features dated tiled countertops and older-style wooden cabinets. Both bathrooms also exhibit dated aesthetics with tiled floors and older vanity styles, despite appearing clean and functional. While move-in ready, the property requires minor updates to the kitchen and bathrooms to align with current design trends and enhance overall appeal, fitting the 'Fair' condition criteria.
Year Built
1977
Close
-
List price
$495K
Original List price
$499K
Price/Sqft
$289
HOA
$676.64
Days on market
-
Sold On
-
MLS number
219136707DA
Home ConditionFair
Features
Good View: Park/Greenbelt, Mountain(s)
Patio
ViewPark/Greenbelt, Mountain(s)

About this home

***THE PROPERTY WILL TRANSFER WITH THE LAND LEASE SECURED TO 2077*** This is a PHENOMINAL OPPORTUNITY*** HUGH KAPTUR designed Saddlerock Estates as an intimate twenty-four-unit complex in a PRIME SOUTH PALM SPRINGS location. Walk to Jensen's, ACE, and one of the many restaurants in Smoke Tree Village shopping center. Or, pull out of your TWO-CAR GARAGE and head east or west on Palm Canyon. TWO EN SUITE BEDROOMS, PLUS a third currently used as AN OFFICE, means you have room for guests and a place to work from home undisturbed. The spacious living room features a FIREPLACE and is bookended by a SOUTH-FACING PATIO and the dining area. A lovely kitchen, open to the dining area, completes this end of the home. At over 1,700 SQUARE FEET of living space, plus a garage, this elegant home is an incredible value. It is refined and shows as a pride of ownership. QUALITY MILGARD DOUBLE-PANE WINDOWS THROUGHOUT, including the clerestory. INDOOR LAUNDRY. With an eastern-facing patio off the dining area and one more outdoor space off the primary suite, this condominium truly expands into THE FEEL OF A SINGLE-FAMILY DWELLING. Come, see this unique opportunity for yourself. Sit. Enjoy the mountain views. Imagine yourself sipping a morning cup of coffee or an evening glass of wine. LIFE CAN BE THIS GOOD at 2371 Via Sonoma, Unit B. CALL TODAY FOR AN APPOINTMENT OR VISIT DURING A SCHEDULED OPEN HOUSE.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.1mi
4/10
Raymond Cree Middle School
Public,•6-8•3.1mi
4/10
Desert Learning Academy
Public,•K-12•0.9mi
6/10
Palm Springs High School
Public,•9-12•1.2mi
Condition Rating
Fair
The property, built in 1977, is well-maintained with updated Milgard double-pane windows and modern stainless steel kitchen appliances. However, the kitchen features dated tiled countertops and older-style wooden cabinets. Both bathrooms also exhibit dated aesthetics with tiled floors and older vanity styles, despite appearing clean and functional. While move-in ready, the property requires minor updates to the kitchen and bathrooms to align with current design trends and enhance overall appeal, fitting the 'Fair' condition criteria.
Pros & Cons

Pros

Long-Term Land Lease Security: The property's land lease is secured until 2077, offering long-term stability and is highlighted as a 'PHENOMENAL OPPORTUNITY' for buyers.
Prime South Palm Springs Location: Situated in a 'PRIME SOUTH PALM SPRINGS location' with excellent walkability to amenities like Jensen's, ACE, and Smoke Tree Village restaurants, plus easy access to Palm Canyon.
Architectural Significance: The complex was designed by Hugh Kaptur, a notable architect, which adds unique character and potential design value to the property.
Spacious & Functional Layout: Boasts over 1,700 square feet of living space, featuring two en-suite bedrooms, a third room usable as an office, a two-car garage, and indoor laundry, providing ample and versatile living.
Quality Construction & Outdoor Spaces: Equipped with quality Milgard double-pane windows throughout, including clerestory windows, and multiple private patios (south-facing, eastern-facing, and off the primary suite) enhancing comfort and expanding living areas.

Cons

Land Lease Ownership Model: Despite being secured, the land lease structure can be a significant deterrent for some buyers, potentially affecting financing options, long-term appreciation, and overall ownership perception compared to fee simple properties.
Age of Property & Potential System Updates: Built in 1977, the property is nearly 50 years old. While windows are updated, the description does not mention the condition or age of other critical systems (e.g., HVAC, plumbing, electrical), which may require substantial investment in the near future.
High Monthly Association Fees: The monthly association fee of $676.64 is substantial and represents a significant ongoing cost, which could be a deterrent for budget-conscious buyers or those seeking lower overhead expenses.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state