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2940 N Cypress Rd, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2940 N Cypress Rd, Palm Springs, California 92262 home-pic-0
ACTIVE$530,000$1,320/sqft
Est. Value: $569,106
7%
BelowEstimate
2940 N Cypress Rd, Palm Springs, California 92262
3Beds
2Baths
1,320Sqft
10,018Lot

Price Vs. Estimate

The estimated value ($569,105.8) is $39,105.8 (7%) higher than the list price ($530,000). This property may be underpriced.

Key pros and cons

Top Pros:
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 = 10018, living area = 1320.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.

Compared to the nearby listings

Price:$530.0K vs avg $900.0K ($-370,000)8%
Size:1,320 sqft vs avg 2,014 sqft11%
Price/sqft:$402 vs avg $47930%

More Insights

Built in 1979 (47 years old).
Condition: The property, built in 1979, has undergone significant recent renovations, including a remodeled kitchen with granite countertops and modern appliances, two updated bathrooms with contemporary finishes, a roof approximately three years old, and a newer Lennox HVAC system. These major updates bring the property into a 'Good' condition, making it move-in ready. While the description mentions 'a bit of TLC and finishing touches' are needed, the core systems and key aesthetic areas are well-maintained and updated within the last 5-15 years, aligning with the 'Good' criteria.
Year Built
1979
Close
-
List price
$530K
Original List price
$530K
Price/Sqft
$402
HOA
-
Days on market
-
Sold On
-
MLS number
2600364SD
Home ConditionGood
Features
Good View:
Pool
Spa
Patio
View-

About this home

Perfect investor opportunity! Well located just minutes from downtown Palm Springs, this inviting home offers 3 bedrooms and 2 bathrooms, plus a converted fourth bedroom currently used as additional living space, providing flexible living options. The remodeled kitchen features granite countertops, a large center island with waterfall granite, and opens nicely for everyday living and entertaining. Two updated bathrooms add to the home’s appeal, while a bit of TLC and finishing touches will make it feel nearly brand new. Additional highlights include a pool and spa with a working heater, leased solar panels, a roof approximately three years old, and a newer Lennox HVAC system. Low-maintenance desert landscaping in both the front and backyard, a newer storage shed, and close proximity to downtown shopping, dining, and entertainment complete this property. This home presents a great investor opportunity with key upgrades already completed and strong potential in a desirable Palm Springs location. Owner occupied. Please do not disturb.

C
Corine Peralta
Listing Agent

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.9mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.6mi
4/10
Raymond Cree Middle School
Public,•6-8•1.1mi
6/10
Palm Springs High School
Public,•9-12•2.6mi
4/10
Desert Learning Academy
Public,•K-12•2.8mi
6/10
Cathedral City High School
Public,•9-12•5.6mi

Price History

Date
Event
Price
08/05/09
Sold
$143,000
07/22/04
Sold
$290,000
Condition Rating
Good
The property, built in 1979, has undergone significant recent renovations, including a remodeled kitchen with granite countertops and modern appliances, two updated bathrooms with contemporary finishes, a roof approximately three years old, and a newer Lennox HVAC system. These major updates bring the property into a 'Good' condition, making it move-in ready. While the description mentions 'a bit of TLC and finishing touches' are needed, the core systems and key aesthetic areas are well-maintained and updated within the last 5-15 years, aligning with the 'Good' criteria.
Pros & Cons

Pros

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 = 10018, living area = 1320.
Prime Investment Potential: Explicitly marketed as an 'investor opportunity' with key upgrades already completed and strong potential in a desirable Palm Springs location.
Desirable Location: Well located just minutes from downtown Palm Springs, offering easy access to shopping, dining, and entertainment.
Significant Recent Upgrades: Features a remodeled kitchen with granite countertops and a large center island, two updated bathrooms, a newer Lennox HVAC system, and a roof approximately three years old.
Outdoor Amenities & Efficiency: Includes a pool and spa with a working heater, leased solar panels for energy efficiency, and low-maintenance desert landscaping.
Flexible Living Space: Offers 3 bedrooms plus a converted fourth bedroom currently used as additional living space, providing versatile options.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Requires Finishing Touches: The property description notes 'a bit of TLC and finishing touches will make it feel nearly brand new,' indicating additional investment or effort is needed to optimize its condition.
Leased Solar Panels: While beneficial for energy, the 'leased' nature means ongoing payments and potential transfer complexities for a new owner, rather than outright ownership of the asset.
Restricted Access for Showings: The 'Owner occupied. Please do not disturb' instruction suggests potential difficulties or delays in scheduling viewings, which can hinder buyer interest and the sales process.
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