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366 N Orchid Tree Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

366 N Orchid Tree Lane, Palm Springs, California 92262 home-pic-0
ACTIVE$1,099,000
366 N Orchid Tree Lane, Palm Springs, California 92262
3Beds
2Baths
2,166Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($1,012,997.515) is $86,002.485 (7%) lower than the list price ($1,099,000). This property may be overpriced.

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 = 10454, living area = 2166.
Top Cons:
Age of Property: Built in 1973, the property is older, and while well-maintained, it may require further updates to systems (e.g., plumbing, roof) or aesthetics to meet modern buyer preferences beyond the noted electrical upgrade.

Compared to the nearby listings

Price:$1.10M vs avg $925.0K (+$174,000)63%
Size:2,166 sqft vs avg 2,100 sqft51%
Price/sqft:$507 vs avg $49154%

More Insights

Built in 1973 (52 years old).
Condition: The property was built in 1973, making it over 50 years old. While the listing states it's 'meticulously cared for' and 'move-in ready' with a 'complete electrical upgrade,' the visual evidence suggests a renovation timeline that aligns with a 'fair' condition. The kitchen features white cabinetry and granite countertops, which appear to be from a renovation approximately 15-25 years ago, rather than a recent update. Appliances are a mix, with a modern stainless steel refrigerator but an older black microwave and range. No bathroom images were provided for assessment. Flooring is a mix of wood-look laminate/vinyl and older carpeting, showing signs of age. While functional and maintained, many aesthetic elements and potentially some major systems (like HVAC, which is unspecified) are outdated, requiring minor updates or repairs to meet current buyer preferences.
Year Built
1973
Close
-
List price
$1.1M
Original List price
$1.19M
Price/Sqft
$507
HOA
-
Days on market
-
Sold On
-
MLS number
25605587PS
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Sun-Filled 3 Bedroom, 2 Bath Home with Pool in Sunrise Park, Palm Springs. A beautifully maintained 3-bedroom, 2-bath home located in the desirable Sunrise Park neighborhood of Palm Springs. This inviting property offers mountain views, a private backyard with a pool, and easy-care desert landscaping. The interior features a spacious living and family room ideal for entertaining and relaxation. The kitchen provides ample cabinetry and storage, with direct access to the covered patio with misters, creating a seamless indoor/outdoor flow perfect for gatherings. Recent updates include a complete electrical upgrade for peace of mind. The home is partially furnished, move-in ready, and has been meticulously cared for by the owner. Enjoy outdoor living at its best with a large patio area, sparkling pool, and privacy all around, ideal for year-round enjoyment. The property's low-maintenance front yard and prime central location offer convenience to shopping, dining, and downtown Palm Springs. Experience the Palm Springs lifestyle in this well-maintained, sun-filled home that combines comfort, privacy, and style.

Condition Rating
Fair
The property was built in 1973, making it over 50 years old. While the listing states it's 'meticulously cared for' and 'move-in ready' with a 'complete electrical upgrade,' the visual evidence suggests a renovation timeline that aligns with a 'fair' condition. The kitchen features white cabinetry and granite countertops, which appear to be from a renovation approximately 15-25 years ago, rather than a recent update. Appliances are a mix, with a modern stainless steel refrigerator but an older black microwave and range. No bathroom images were provided for assessment. Flooring is a mix of wood-look laminate/vinyl and older carpeting, showing signs of age. While functional and maintained, many aesthetic elements and potentially some major systems (like HVAC, which is unspecified) are outdated, requiring minor updates or repairs to meet current buyer preferences.
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 = 10454, living area = 2166.
Prime Central Location: Located in the desirable Sunrise Park neighborhood, offering convenient access to shopping, dining, and downtown Palm Springs, enhancing lifestyle and potential rental appeal.
Private Outdoor Oasis: Features a private backyard with a sparkling pool, large patio area with misters, and desert landscaping, ideal for year-round enjoyment and entertaining with seamless indoor/outdoor flow.
Well-Maintained & Move-in Ready: The home has been meticulously cared for by the owner, is partially furnished, and includes a recent complete electrical upgrade, providing peace of mind and immediate occupancy.
Mountain Views: The property offers desirable mountain views, adding to its aesthetic appeal and value in the Palm Springs market.
Spacious Living Areas: Includes a spacious living and family room, providing ample space for relaxation and entertaining, complemented by a kitchen with generous cabinetry and storage.

Cons

Age of Property: Built in 1973, the property is older, and while well-maintained, it may require further updates to systems (e.g., plumbing, roof) or aesthetics to meet modern buyer preferences beyond the noted electrical upgrade.
Recent Price Reduction: The property has undergone a significant price reduction from its original listing, which could indicate initial overpricing or a slower market response, potentially affecting perceived value.
Unspecified HVAC System: Given Palm Springs' climate, the description lacks specific details about the cooling system's age or efficiency, which could be a concern for buyers seeking modern, energy-efficient climate control.

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