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2518 S Sierra Madre, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

2518 S Sierra Madre, Palm Springs, California 92264 home-pic-0
ACTIVE$639,000$1,379/sqft
2518 S Sierra Madre, Palm Springs, California 92264
2Beds
2Baths
1,379Sqft
0.03Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Historic District & Fee Land Status: The property benefits from approved Historic District (Mills Act) status, offering potential significant property tax benefits, combined with being on fee land (no land lease), which is a major financial advantage in Palm Springs.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 1306.

Compared to the nearby listings

Price:$639.0K vs avg $437.0K (+$202,000)77%
Size:1,379 sqft vs avg 1,325 sqft54%
Price/sqft:$463 vs avg $33488%

More Insights

Built in 1966 (60 years old).
Condition: Built in 1966, this property features new porcelain tile flooring throughout and updated stainless steel kitchen appliances, which are positive. However, the kitchen cabinets and countertops are dated, and Bathroom 1 is significantly outdated with its tiled vanity and gold-framed shower. Bathroom 2 is more recently updated but still not fully modern. While well-maintained and functional, the property requires minor cosmetic updates in the kitchen and bathrooms to align with current styles, fitting the 'Fair' category.
Year Built
1966
Close
-
List price
$639K
Original List price
$678K
Price/Sqft
$463
HOA
$569
Days on market
-
Sold On
-
MLS number
219140258DA
Home ConditionFair
Features
Good View: Mountain(s), Pool
Patio
ViewMountain(s), Pool

About this home

For Sale | 2518 S. Sierra Madre, Palm Springs | Two Bedroom, Two BathLocated in the iconic Villa Roma community, this two bedroom, two bath residence with new porcelain tile floor throughout the unit, offers classic mid-century modern living in highly desirable South Palm Springs. Villa Roma is one of Palm Springs' most recognized architectural condo complexes.Nestled near the San Jacinto Mountains and close to premier hiking trails, the community showcases stunning mountain views, beautifully landscaped Romanesque grounds, and a substantial heated saltwater pool and spa--the heart of Villa Roma living. The complex sits on fee land (no land lease) and was approved in Spring 2023 for Historic District (Mills Act) status, offering potential tax benefits.HOA dues include professional management, water, sewer, trash, common area and exterior maintenance (including roof and exterior pest control), plus Spectrum Silver cable and basic internet. Additional highlights include an assigned adjacent carport parking space and onsite guest parking.Enjoy the best of South Palm Springs--surrounded by iconic architecture, renowned golf courses, scenic hiking trails, and breathtaking desert mountain vistas--from the timeless elegance of Villa Roma.

M
Martha Grijalva
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.6mi
4/10
Raymond Cree Middle School
Public,•6-8•4.1mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
6/10
Palm Springs High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
09/08/00
Sold
$145,000
03/12/96
Sold
$84,000
06/11/09
Sold
$165,000
05/27/04
Sold
$265,000
Condition Rating
Fair
Built in 1966, this property features new porcelain tile flooring throughout and updated stainless steel kitchen appliances, which are positive. However, the kitchen cabinets and countertops are dated, and Bathroom 1 is significantly outdated with its tiled vanity and gold-framed shower. Bathroom 2 is more recently updated but still not fully modern. While well-maintained and functional, the property requires minor cosmetic updates in the kitchen and bathrooms to align with current styles, fitting the 'Fair' category.
Pros & Cons

Pros

Historic District & Fee Land Status: The property benefits from approved Historic District (Mills Act) status, offering potential significant property tax benefits, combined with being on fee land (no land lease), which is a major financial advantage in Palm Springs.
Prime South Palm Springs Location: Located in highly desirable South Palm Springs, nestled near the San Jacinto Mountains, offering stunning mountain views, close proximity to premier hiking trails, renowned golf courses, and iconic architecture.
Comprehensive HOA Amenities & Services: The community features a substantial heated saltwater pool and spa, beautifully landscaped Romanesque grounds, and HOA dues cover professional management, water, sewer, trash, common area/exterior maintenance (including roof and pest control), plus Spectrum Silver cable and basic internet.
Classic Mid-Century Modern Appeal: Part of the iconic Villa Roma community, this residence offers classic mid-century modern living in one of Palm Springs' most recognized architectural condo complexes, appealing to a strong niche market.
Recent Interior Upgrade: The unit features new porcelain tile flooring throughout, providing a fresh, updated interior aesthetic and reducing immediate renovation needs for a new owner.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 1306.
Age of Property & Systems: Built in 1966, while offering classic architectural style, the property's age suggests that major systems (e.g., HVAC, plumbing, electrical) may be original or older, potentially requiring future updates or maintenance not explicitly mentioned.
Condominium Lifestyle Limitations: As a condominium, the property comes with HOA rules and regulations, potential for shared wall noise, and less personal control over exterior modifications, which may not suit all buyers seeking single-family home autonomy.
Recent Price Reduction: The property has undergone a price reduction from its original list price of $677,700 to $639,000, which could indicate it was initially overpriced or has faced challenges in attracting offers, potentially signaling market resistance.
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