45618 Panorama Drive, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 3 bath
ACTIVE$580,000
45618 Panorama Drive, Palm Desert, California 92260
3Beds
3Baths
1,682Sqft
6,970Lot
Year Built
1953
Close
-
List price
$580K
Original List price
$5.8M
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
219123540DA
Home ConditionFair
Features
Good View:
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About this home
Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $580.0K(24th), sqft - 1682(25th), beds - 3(50th), baths - 3(50th).
Charming 3 Bedroom Home in South Palm Desert.This charming home offers 3 bedroom and 2 bathroom. Enjoy the sunny California lifestyle near El Paseo shopping center. Located in a desirable community just minutes away from local parks, shopping and dining options.Don' miss on this wonderful opportunity to purchase a home in south Palm Desert.
Condition Rating
Fair
Built in 1953, this property shows signs of being aged with updates likely done 20-30 years ago. The kitchen features white cabinets, granite-look countertops, and dated track lighting. Bathrooms have older wooden vanities and dated tile work. Flooring is a mix of terracotta-style tile, white square tile, and older carpet. While the home appears maintained and functional, its overall style, fixtures, and finishes are significantly outdated and would require substantial cosmetic renovations to meet current market expectations.
Pros & Cons
Pros
Prime South Palm Desert Location: The property is situated in a highly desirable South Palm Desert area, offering convenient access to El Paseo shopping center, local parks, shopping, and dining options.
Functional Layout: With 3 bedrooms and 3 bathrooms, the home provides a practical and versatile living space suitable for various family needs or as a potential rental.
Established Community: Built in 1953 and located in a 'desirable community,' the property benefits from a mature neighborhood with established character and potential for stable property values.
Generous Lot Size: The 6970 sqft lot offers ample outdoor space, providing opportunities for landscaping, entertaining, or adding amenities like a pool.
Charming Character: The description highlights the home's 'charming' nature, which can appeal to buyers looking for a property with unique character and a classic aesthetic.
Cons
Significant Overpricing: The listing price of $580,000 is considerably higher than the estimated property value of $414,180, reflected in a -28% estimation ratio, suggesting it may be overpriced for the current market.
Older Construction with Unspecified Updates: Built in 1953, the property description does not detail any recent major system updates (e.g., HVAC, plumbing, electrical, roof) or significant renovations, which could imply substantial deferred maintenance or immediate investment required by a buyer.
Lack of Key Modern Amenities: The property description does not mention desirable features such as a pool, spa, or recent high-end interior remodels, which are often expected in this price range and location, potentially limiting its appeal compared to updated comparables.