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40 Camino Arroyo Place, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 2 bath

40 Camino Arroyo Place, Palm Desert, California 92260 home-pic-0
ACTIVE$535,000
40 Camino Arroyo Place, Palm Desert, California 92260
3Beds
2Baths
1,821Sqft
3,485Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Community Amenities: The property is located within the prestigious Chaparral CC, offering a private 18-hole executive golf course, tennis courts, pickleball, 21 pools/spas, an active clubhouse with social activities, and a highly-rated restaurant.
Top Cons:
High Monthly HOA Dues: The combined monthly HOA dues of $1,162 are substantial and represent a significant ongoing cost that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$535.0K vs avg $500.0K (+$35,000)56%
Size:1,821 sqft vs avg 1,584 sqft78%
Price/sqft:$294 vs avg $31934%

More Insights

Built in 1981 (44 years old).
Condition: This 1981-built property is in good, move-in ready condition, benefiting from several significant updates. The kitchen has been remodeled with granite countertops and features modern stainless steel appliances, indicating a renovation within the last 5-15 years. Key systems have also seen recent upgrades, including owned solar panels (approx. 3 years old), new ducting throughout, and a newer large capacity hot water heater. While the overall style is not ultra-modern, the property is well-maintained, and the HOA covers exterior maintenance and the roof, further contributing to its solid condition. No immediate renovations appear necessary.
Year Built
1981
Close
-
List price
$535K
Original List price
$535K
Price/Sqft
$294
HOA
$750
Days on market
-
Sold On
-
MLS number
219136005PS
Home ConditionGood
Features
Good View: Park/Greenbelt
Patio
ViewPark/Greenbelt

About this home

Welcome to the PRESTIGIOUS CHAPARRAL CC in Palm Desert! This is an upscale 24-hr Guard Gated Community with a PRIVATE 18-hole EXECUTIVE GOLF COURSE. IT is centrally located & close to El Paseo that has an array of upscale SHOPS & RESTAURANTS! CHAPARRAL CC HAS A VERY ACTIVE CLUBHOUSE with an abundance of SOCIAL ACTIVITIES. There are tennis courts, pickleball, 21 pools/spas, & a fabulous restaurant with a chef of 20+ yrs! This 3 bedroom/2 bath home is one door away from the community pool/spa. It has a 2 car garage, remodeled kitchen with granite countertops, family room with vaulted ceilings & a fireplace for those cool winter evenings! The home has Solar Panels that are owned, not leased, providing a very, very low electricity bill. The Solar Panels were purchased approx 3 years ago & are under the original Net Metering Program which has the lower buy back rate offered by SCE. Sun shades on all windows further lowering your electric bill for those hot summer days! New ducting throughout home, newer large capacity hot water heater; added glass block privacy wall on patio. The HOA offers 24 hour guard-gated security, earthquake ins (shell), roof, cable/internet, trash pick up, professional landscape, exterior maintenance & painting at each home, pools & spas (21) & street maintenance. Total HOA Dues $1,162 - HOA (1) $750 & HOA (2) Social Membership $412. ***PRICE REDUCTION!! ***SELLER MOTIVATED, BRING OFFERS!

Nearby schools

8/10
James Earl Carter Elementary School
Public,•K-5•0.3mi
7/10
Palm Desert High School
Public,•9-12•1.4mi
Condition Rating
Good
This 1981-built property is in good, move-in ready condition, benefiting from several significant updates. The kitchen has been remodeled with granite countertops and features modern stainless steel appliances, indicating a renovation within the last 5-15 years. Key systems have also seen recent upgrades, including owned solar panels (approx. 3 years old), new ducting throughout, and a newer large capacity hot water heater. While the overall style is not ultra-modern, the property is well-maintained, and the HOA covers exterior maintenance and the roof, further contributing to its solid condition. No immediate renovations appear necessary.
Pros & Cons

Pros

Exceptional Community Amenities: The property is located within the prestigious Chaparral CC, offering a private 18-hole executive golf course, tennis courts, pickleball, 21 pools/spas, an active clubhouse with social activities, and a highly-rated restaurant.
Comprehensive HOA Services: The HOA provides extensive benefits including 24-hour guard-gated security, earthquake insurance (shell), roof maintenance, cable/internet, trash pickup, professional landscaping, exterior maintenance, and painting, ensuring a low-maintenance lifestyle.
Significant Energy Efficiency: Features owned solar panels (purchased ~3 years ago), sun shades on all windows, and new ducting throughout, contributing to very low electricity bills, a major advantage in Palm Desert's climate.
Prime Location & Accessibility: Centrally located in Palm Desert, the community offers convenient access to El Paseo's upscale shops and restaurants, enhancing lifestyle and potential property value.
Recent Property Upgrades: The home boasts a remodeled kitchen with granite countertops, a newer large capacity hot water heater, and an added glass block privacy wall on the patio, providing modern comfort and appeal.

Cons

High Monthly HOA Dues: The combined monthly HOA dues of $1,162 are substantial and represent a significant ongoing cost that potential buyers must factor into their budget.
Older Construction Year: Built in 1981, the property is over 40 years old, which may suggest that some original systems or components could require future maintenance or replacement not explicitly covered by recent updates.
Solar Net Metering Program Limitation: While solar panels are owned, they operate under an older Net Metering Program with a lower buy-back rate from SCE, potentially reducing the financial return on excess energy generation compared to newer programs.

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