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483 E Francis Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

483 E Francis Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$997,000
483 E Francis Drive, Palm Springs, California 92262
3Beds
2Baths
1,225Sqft
11,326Lot

Price Vs. Estimate

The estimated value ($594,681.515) is $402,318.485 (40%) lower than the list price ($997,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1225.
Top Cons:
Significant Overpricing: The current listing price of $997,000 is substantially higher than the property's estimated value of approximately $594,681 and generally above recent comparable sales in the immediate area, which may impact market competitiveness and buyer interest.

Compared to the nearby listings

Price:$997.0K vs avg $925.0K (+$72,000)58%
Size:1,225 sqft vs avg 2,096 sqft5%
Price/sqft:$814 vs avg $49190%

More Insights

Built in 1959 (66 years old).
Condition: Despite being built in 1959, this iconic Midcentury Modern home has undergone extensive and recent renovations, bringing it to an excellent condition. The description highlights 'newer roof, plumbing, new tile in both bathrooms, tankless water heater, and newly redone heated pebble finish pool,' along with robust owned solar. The images confirm a fully updated kitchen with modern white shaker cabinets, white countertops, a farmhouse sink, and contemporary appliances (including a stylish pink Smeg refrigerator and wine fridge). Both bathrooms feature new tile, modern vanities, and stylish finishes. Polished concrete flooring is present throughout the main living areas, and light fixtures are modern. The property is presented as 'move-in ready' with 'all of the modern conveniences of today,' indicating minimal physical depreciation and meeting current quality standards.
Year Built
1959
Close
-
List price
$997K
Original List price
$997K
Price/Sqft
$814
HOA
-
Days on market
-
Sold On
-
MLS number
219130818DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

This iconic Midcentury Modern stunner will take you back in time while providing you with all of the modern conveniences of today! This 1959 Alexander built home designed by the famed architects Dan Palmer and William Krisel is perfect for year-round living or a vacation getaway! Close to the Uptown Design District, downtown Palm Springs, several parks, Desert Regional Medical Center, incredible restaurants and hot spots, this home resides in a desert Mecca yet it is quiet and secure for an easy and peaceful work from home environment! This home shows pride of ownership with robust OWNED solar to power your ice cold AC or EV, polished concrete flooring, newer roof, plumbing, new tile in both bathrooms, tankless water heater, and newly redone heated pebble finish pool! Upgrades unique to this home are a wall of glass sliders to welcome in the outdoors in true MCM style, designer wallpaper, fun furnishings, and a huge backyard space with new turf and incredible privacy. Lounge by the pool while enjoying western mountain views and colorful sunsets at night. There is ample room to add additional seating areas, a hot tub, fire pit, studio or even a casita! Out front there is new desert landscaping for fantastic curb appeal and gorgeous lighting for those incredible desert nights. Ready to start your new, worry-free life in Palm Springs? This inviting home sits on land you own and is move-in ready!

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.1mi
4/10
Raymond Cree Middle School
Public,•6-8•0.8mi
6/10
Palm Springs High School
Public,•9-12•2.9mi
4/10
Desert Learning Academy
Public,•K-12•3.0mi
Condition Rating
Excellent
Despite being built in 1959, this iconic Midcentury Modern home has undergone extensive and recent renovations, bringing it to an excellent condition. The description highlights 'newer roof, plumbing, new tile in both bathrooms, tankless water heater, and newly redone heated pebble finish pool,' along with robust owned solar. The images confirm a fully updated kitchen with modern white shaker cabinets, white countertops, a farmhouse sink, and contemporary appliances (including a stylish pink Smeg refrigerator and wine fridge). Both bathrooms feature new tile, modern vanities, and stylish finishes. Polished concrete flooring is present throughout the main living areas, and light fixtures are modern. The property is presented as 'move-in ready' with 'all of the modern conveniences of today,' indicating minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1225.
Architectural Significance & Style: This iconic 1959 Alexander built Midcentury Modern home, designed by famed architects Palmer and Krisel, offers timeless architectural appeal with features like a wall of glass sliders and polished concrete flooring.
Extensive Modern Upgrades: The property boasts significant recent upgrades including robust owned solar, a newer roof, updated plumbing, new tile in both bathrooms, a tankless water heater, and a newly redone heated pebble finish pool, ensuring modern convenience and reduced immediate maintenance.
Prime Location & Accessibility: Located in Racquet Club East, the home offers excellent proximity to the Uptown Design District, downtown Palm Springs, parks, medical facilities, and popular dining/entertainment, providing both convenience and a peaceful environment.
Exceptional Outdoor Living & Views: The huge, private backyard features new turf, a newly redone heated pool, western mountain views, and colorful sunsets, with ample space for further customization like a hot tub, fire pit, studio, or casita.
Energy Efficiency & Low Maintenance Landscaping: The robust owned solar system significantly reduces energy costs for AC and EV charging, complemented by new turf and desert landscaping that provides fantastic curb appeal with minimal upkeep.

Cons

Significant Overpricing: The current listing price of $997,000 is substantially higher than the property's estimated value of approximately $594,681 and generally above recent comparable sales in the immediate area, which may impact market competitiveness and buyer interest.
Modest Interior Square Footage: With 1225 sqft, the interior living space is relatively compact for a 3-bedroom home, potentially limiting appeal for buyers seeking more expansive indoor areas, especially given the large lot size.
Potential for High Operating Costs: Despite owned solar, a large 11,326 sqft lot with a heated pool and extensive landscaping in a desert climate can still incur notable ongoing expenses for water, pool maintenance, and general upkeep.

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