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394 W Bon Air Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

394 W Bon Air Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$600,000
394 W Bon Air Drive, Palm Springs, California 92262
3Beds
2Baths
1,622Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($543,420.09) is $56,579.91 (9%) lower than the list price ($600,000). This property may be overpriced.

Key pros and cons

Top Pros:
Classic Mid-Century Charm: This home is a beautifully maintained mid-century property, exuding classic Palm Springs character and charm, appealing to a specific buyer demographic.
Top Cons:
Solar Lease Assumption: The buyer is required to assume the existing Tesla solar lease, which represents an ongoing financial obligation.

Compared to the nearby listings

Price:$600.0K vs avg $925.0K ($-325,000)15%
Size:1,622 sqft vs avg 2,096 sqft31%
Price/sqft:$370 vs avg $49027%

More Insights

Built in 1963 (62 years old).
Condition: This 1963 mid-century home has undergone significant and recent updates to its kitchen and bathrooms, as described and evidenced by the modern finishes, white cabinetry, quartz-like countertops, and contemporary tiled showers. The white appliances are clean and functional, contributing to a move-in ready condition. Flooring appears to be consistent and well-maintained throughout. While the original build year is older, the extensive renovations bring it within the 'Good' category, indicating it's move-in ready with well-maintained systems and minimal wear and tear, likely renovated within the last 5-15 years.
Year Built
1963
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$370
HOA
-
Days on market
-
Sold On
-
MLS number
25596693PS
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

This beautifully maintained mid-century home in Desert Highland Estates features 3 bedrooms and 2 baths, plus a versatile 4th room that can be used as a den, office, or additional bedroom. The home exudes classic Palm Springs character and charm, with an updated kitchen and baths, modern finishes, and spacious interiors designed for comfort and convenience. Large windows bring in abundant natural light and create a warm, inviting atmosphere throughout, and the backyard offers ample room for outdoor entertaining with a cowboy tub, hammock, and porch swing for ultimate relaxation. The property includes leased Tesla solar panels, providing energy savings and reduced utility costs for both environmental and financial benefits; the buyer would assume the existing solar lease. Furniture and games are available for purchase outside of escrow, offering buyers the option of a move-in-ready setup or added value as a vacation rental.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•2.0mi
4/10
Cahuilla Elementary School
Public,•K-5•4.0mi
4/10
Raymond Cree Middle School
Public,•6-8•1.6mi
6/10
Palm Springs High School
Public,•9-12•3.7mi
4/10
Desert Learning Academy
Public,•K-12•3.8mi
Condition Rating
Good
This 1963 mid-century home has undergone significant and recent updates to its kitchen and bathrooms, as described and evidenced by the modern finishes, white cabinetry, quartz-like countertops, and contemporary tiled showers. The white appliances are clean and functional, contributing to a move-in ready condition. Flooring appears to be consistent and well-maintained throughout. While the original build year is older, the extensive renovations bring it within the 'Good' category, indicating it's move-in ready with well-maintained systems and minimal wear and tear, likely renovated within the last 5-15 years.
Pros & Cons

Pros

Classic Mid-Century Charm: This home is a beautifully maintained mid-century property, exuding classic Palm Springs character and charm, appealing to a specific buyer demographic.
Updated Interiors: The property features an updated kitchen and baths with modern finishes, offering move-in readiness and contemporary comfort.
Versatile Living Space: A versatile 4th room provides flexibility for use as a den, office, or additional bedroom, catering to various lifestyle needs.
Energy Efficiency: Leased Tesla solar panels offer significant energy savings and reduced utility costs, providing both environmental and financial benefits.
Outdoor Entertainment Potential: The backyard is well-equipped for relaxation and entertaining, featuring a cowboy tub, hammock, and porch swing.

Cons

Solar Lease Assumption: The buyer is required to assume the existing Tesla solar lease, which represents an ongoing financial obligation.
No Traditional Pool: While offering a 'cowboy tub,' the absence of a full-sized swimming pool may be a drawback for some buyers in the Palm Springs market.
Potential Overpricing: The current listing price is 5% higher than the estimated property value, which could indicate a slight overvaluation compared to market analytics.

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