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255 S Avenida Caballeros 313, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

255 S Avenida Caballeros 313, Palm Springs, California 92262 home-pic-0
ACTIVE$379,000
255 S Avenida Caballeros 313, Palm Springs, California 92262
2Beds
2Baths
1,046Sqft
Lot

Price Vs. Estimate

The estimated value ($359,172.525) is $19,827.475 (5%) lower than the list price ($379,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensively Renovated Interior: The unit boasts beautiful renovations, including a sleek kitchen with quartz countertops, stylish backsplash, newer stainless steel appliances, and updated bathrooms, offering a modern living experience.
Top Cons:
Land Lease Structure: The property is subject to a land lease extended until 2080, incurring an additional $305/month fee, which can impact financing options and long-term appreciation.

Compared to the nearby listings

Price:$379.0K vs avg $338.0K (+$41,000)58%
Size:1,046 sqft vs avg 1,068 sqft47%
Price/sqft:$362 vs avg $34856%

More Insights

Built in 1989 (36 years old).
Condition: Despite being built in 1989, the property has been 'beautifully renovated' as stated in the description, which is strongly supported by the images. The kitchen features sleek white shaker cabinets, quartz countertops, a stylish subway tile backsplash, and newer stainless steel appliances. Both bathrooms are updated with modern vanities, marble-look countertops, contemporary fixtures, and clean tiling. The flooring, lighting, and overall aesthetic are current and in excellent condition, indicating a comprehensive and recent renovation that meets current quality standards with no visible deferred maintenance.
Year Built
1989
Close
-
List price
$379K
Original List price
$389K
Price/Sqft
$362
HOA
$577
Days on market
-
Sold On
-
MLS number
25517821PS
Home ConditionExcellent
Features
Good View: Courtyard
Deck
Pool
Spa
ViewCourtyard

About this home

Motivated seller willing to negotiate/pay HOA/Land Lease fees for up to a year. Beautifully renovated top floor (elevator building) end-unit 2BR/2BA in architecturally significant Villa Caballeros designed by Hugh M. Kaptur. Dramatic high vaulted ceiling in great room with clearstory window, handsome flooring and access to oversized balcony with mountain views. Sleek kitchen with quartz countertops, stylish backsplash and newer stainless steel appliances. Both bathrooms updated in great taste. Resort style living with community pool and spa, tennis/pickleball and racquet ball courts. Full size washer/dryer and covered gated parking. Villa Caballeros is beautifully landscaped and in close proximity to all downtown Palm Springs has to offer. HOA fee currently $577 (includes Earthquake Insurance, Water/Sewer, Trash/Recycling and Common area maintenance). Land lease extended to 2080 @ $305/month paid quarterly. Possible Owner financing. An outstanding opportunity priced to sell.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.7mi
4/10
Desert Learning Academy
Public,•K-12•1.0mi
6/10
Palm Springs High School
Public,•9-12•1.1mi
Condition Rating
Excellent
Despite being built in 1989, the property has been 'beautifully renovated' as stated in the description, which is strongly supported by the images. The kitchen features sleek white shaker cabinets, quartz countertops, a stylish subway tile backsplash, and newer stainless steel appliances. Both bathrooms are updated with modern vanities, marble-look countertops, contemporary fixtures, and clean tiling. The flooring, lighting, and overall aesthetic are current and in excellent condition, indicating a comprehensive and recent renovation that meets current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Extensively Renovated Interior: The unit boasts beautiful renovations, including a sleek kitchen with quartz countertops, stylish backsplash, newer stainless steel appliances, and updated bathrooms, offering a modern living experience.
Architectural Significance & Desirable Unit Type: Designed by Hugh M. Kaptur, this top-floor, end-unit condominium offers unique architectural appeal, high vaulted ceilings, clearstory windows, and elevator access.
Resort-Style Community Amenities: Residents enjoy a comprehensive suite of amenities including a community pool, spa, tennis/pickleball, and racquetball courts, promoting a resort-like lifestyle.
Prime Location & Views: Situated in Central Palm Springs, the property is in close proximity to downtown attractions and features an oversized balcony with mountain views, enhancing its appeal.
Seller Incentives & Flexible Terms: A motivated seller is offering to negotiate/pay HOA/Land Lease fees for up to a year, coupled with possible owner financing and a recent price reduction, presenting a strong buying opportunity.

Cons

Land Lease Structure: The property is subject to a land lease extended until 2080, incurring an additional $305/month fee, which can impact financing options and long-term appreciation.
High Monthly Carrying Costs: The combined monthly HOA fee of $577 and the land lease payment of $305 result in substantial recurring expenses, totaling $882 per month.
Building Age: Constructed in 1989, the building's age, despite interior unit renovations, may lead to potential future common area maintenance or capital improvement assessments.

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