442 E Avenida Palmera, Palm Springs, California 92264, Palm Springs, 92264 - 5 bed, 5 bath
ACTIVE$975,000
442 E Avenida Palmera, Palm Springs, California 92264
5Beds
5Baths
3,040Sqft
7,841Lot
Year Built
1957
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$321
HOA
-
Days on market
-
Sold On
-
MLS number
25510081
Home ConditionTear down
Features
Excellent View:
View
About this home
We found 3 Cons,5 Pros. Rank: price - $975.0K(33th), sqft - 3040(77th), beds - 5(91th), baths - 5(88th).
Located in the heart of the sought after Tahquitz River Estates; just minutes to downtown and the city's best dining, entertainment, hiking trails 442 E Avenida Palmera is a stunning architectural ready for completion.The demo has been completed as well as the foundation and underground plumbing of the home. Listing photos show renderings.
Nearby schools
4/10
Cahuilla Elementary School
Public,•K-5•0.4mi
4/10
Raymond Cree Middle School
Public,•6-8•2.8mi
4/10
Desert Learning Academy
Public,•K-12•1.5mi
6/10
Palm Springs High School
Public,•9-12•1.7mi
Condition Rating
Tear down
The property, originally built in 1957, has undergone demolition of the existing structure. Only the foundation and underground plumbing have been completed, making it an unlivable construction site. The listing images are renderings of a proposed future home, not the current physical state. The property's value is based on the land and its potential for redevelopment, aligning with the 'tear-down' criteria for being unlivable and requiring complete construction.
Pros & Cons
Pros
Prime Location: Situated in the highly sought-after Tahquitz River Estates, offering proximity to downtown Palm Springs, dining, entertainment, and hiking trails.
Advanced Stage of Initial Construction: Key foundational work, including demolition, foundation, and underground plumbing, has been completed, streamlining the next phases of development.
Architectural Vision: The property is described as a 'stunning architectural,' suggesting a high-design concept with potential for a unique and valuable finished residence.
Spacious Layout: With 5 bedrooms and 5 bathrooms across 3040 sqft, the property offers a substantial footprint suitable for a luxury home or large family.
Potential for Desirable Views: The 'has_view:true' indicator suggests the property offers appealing views, likely of the surrounding mountains, a significant draw in Palm Springs.
Cons
Incomplete Project: The property is 'ready for completion,' requiring significant additional construction, finishing work, and substantial financial investment from the buyer.
Reliance on Renderings: Listing photos are renderings, which may not accurately represent the current state of the property and could lead to buyer expectations not aligning with reality.
Financing Complexity: As an unfinished project, securing traditional mortgage financing may be challenging, likely requiring a construction loan or cash purchase, which narrows the buyer pool.