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40649 Inverness Way, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath

40649 Inverness Way, Palm Desert, California 92211 home-pic-0
ACTIVE$394,900
40649 Inverness Way, Palm Desert, California 92211
2Beds
2Baths
1,294Sqft
2,613Lot
Year Built
1981
Close
-
List price
$395K
Original List price
$415K
Price/Sqft
$305
HOA
$759
Days on market
-
Sold On
-
MLS number
219126178DA
Home ConditionGood
Features
Good View: Park/Greenbelt, Mountain(s)
Patio
ViewPark/Greenbelt, Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,5 Pros. Rank: price - $394.9K(10th), sqft - 1294(14th), beds - 2(45th), baths - 2(50th).

Highly Sought After Vintage Floor Plan in The Popular Palm Desert Resort Country Club. Premier Location with Interior Upgrades Such as a Custom Kitchen, Flooring , Tankless Water Heater, Updated Laundry Room & Shutters Through out the Home. This Unit Also Includes, an Added Office/Den Which Has The Potential To Be Used as a 3rd Bedroom. Other Notable Features Include Upgraded Patio Flooring and The Standard Carport Has Been Converted into a True 2 Car Garage with Ample Storage & Work Bench. A Mini Split Unit Has Also Been Added For Those Warmer Days . This Unit is a True Gem, Schedule Your Tour Today!

Nearby schools

6/10
Ronald Reagan Elementary School
Public,•K-5•0.5mi
8/10
Gerald R. Ford Elementary School
Public,•K-5•1.9mi
5/10
Colonel Mitchell Paige Middle School
Public,•6-8•1.8mi
7/10
Palm Desert High School
Public,•9-12•2.6mi
Condition Rating
Good
Built in 1981, this property has undergone significant and recent interior upgrades, including a custom kitchen with granite countertops and modern appliances, updated flooring throughout, a tankless water heater, and an updated laundry room. The conversion of the carport to a two-car garage and the addition of a mini-split cooling unit further enhance its functionality and comfort. While not a brand-new build, the extensive renovations make it move-in ready with no immediate updates required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Premier Location & Community: Located in the 'Highly Sought After Vintage Floor Plan in The Popular Palm Desert Resort Country Club' and described as a 'Premier Location'.
Extensive Interior Renovations: Features a 'Custom Kitchen, Flooring, Updated Laundry Room & Shutters Through out the Home', enhancing its modern appeal and functionality.
Functional Space Expansion: Includes an 'Added Office/Den Which Has The Potential To Be Used as a 3rd Bedroom', offering versatile living space.
Enhanced Garage & Storage: The 'Standard Carport Has Been Converted into a True 2 Car Garage with Ample Storage & Work Bench', providing significant utility and value.
Modern Comfort & Efficiency: Equipped with a 'Tankless Water Heater' and a 'Mini Split Unit' for cooling, along with upgraded patio flooring, contributing to comfort and lower utility costs.

Cons

Significant Valuation Discrepancy: The listing price of $394,900 is substantially higher than the estimated property value of $279,771.69, indicating potential overpricing or a disconnect with current market valuations.
Aging Infrastructure: Built in 1981, the property's underlying infrastructure is over 40 years old, which may lead to future maintenance concerns despite recent cosmetic upgrades.
Limited Cooling System: The description mentions 'A Mini Split Unit Has Also Been Added', suggesting a supplemental or localized cooling solution rather than a comprehensive central air conditioning system, which might be inadequate for the intense desert climate.

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