488 E Laurel Circle, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$747,000$1,225/sqft
Est. Value: $743,076
%
FairlyEstimate
488 E Laurel Circle, Palm Springs, California 92262
3Beds
2Baths
1,225Sqft
10,890Lot
Price Vs. Estimate
The estimated value ($743,075.82) is $3,924.18 (0%) lower than the list price ($747,000). 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 = 10890, living area = 1225.
Top Cons:
Requires Renovation/Updates: Described as 'mostly original,' indicating a need for significant updates and modernization to fully realize its potential as a 'mid-century masterpiece.'
Compared to the nearby listings
Price:$747.0K vs avg $900.0K ($-153,000)31%
Size:1,225 sqft vs avg 2,014 sqft5%
Price/sqft:$610 vs avg $48072%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, this property is described as 'mostly original' with 'original 4"x 4" tiles' in the bathrooms, indicating a lack of significant renovations in over 50 years for key areas. The kitchen features very dated yellow and white cabinetry, brick backsplash, and old tile countertops, requiring a complete overhaul. Both bathrooms are severely outdated in style and condition. While the property boasts modern energy upgrades like leased solar and a Tesla Powerwall, and the pool appears functional, the interior finishes, particularly the kitchen and bathrooms, require substantial rehabilitation to meet contemporary standards. This aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation for major components (interior finishes) due to their age and outdated state.
Year Built
1959
Close
-
List price
$747K
Original List price
$747K
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
26638795PS
Home ConditionPoor
Features
Excellent View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool
About this home
488 Laurel is a sought after butterfly roofline Palmer and Krisel house on a cul-de-sac in Racquet Club Rd Estates. The home has a quarter acre lot with a large clear blue pool. Fantastic views of Mount San Jacinto rise to the west. The home has 3 bedrooms, each with clerestory windows, and two bathrooms with original 4"x 4" tiles in their shower/tub surrounds. The additional square footage adds a dining room with doors out to the pool and yard, and a family room or library. The home also has leased solar panels and a tesla power wall in its enclosed 2 car garage. Bring your imagination to this mostly original Butterfly home and make it your own mid century masterpiece.
C
Christopher Bale
Listing Agent
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•2.8mi
4/10
Desert Learning Academy
Public,•K-12•3.0mi
Price History
Date
Event
Price
12/12/00
Sold
$187,000
Condition Rating
Poor
Built in 1959, this property is described as 'mostly original' with 'original 4"x 4" tiles' in the bathrooms, indicating a lack of significant renovations in over 50 years for key areas. The kitchen features very dated yellow and white cabinetry, brick backsplash, and old tile countertops, requiring a complete overhaul. Both bathrooms are severely outdated in style and condition. While the property boasts modern energy upgrades like leased solar and a Tesla Powerwall, and the pool appears functional, the interior finishes, particularly the kitchen and bathrooms, require substantial rehabilitation to meet contemporary standards. This aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation for major components (interior finishes) due to their age and outdated state.
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 = 10890, living area = 1225.
Architectural Significance: An iconic Palmer & Krisel butterfly roofline design, highly sought after in the Palm Springs mid-century modern market, offering unique aesthetic appeal.
Premium Location & Views: Situated on a desirable cul-de-sac in the Racquet Club Rd Estates, providing fantastic views of Mount San Jacinto to the west.
Expansive Outdoor Amenities: Features a generous quarter-acre lot with a large, clear blue pool, ideal for outdoor living, relaxation, and entertaining.
Enhanced Energy Efficiency: Equipped with leased solar panels and a Tesla Powerwall, offering significant energy savings and valuable backup power capabilities.
Functional & Expanded Living Space: Includes additional square footage that adds a dedicated dining room and a versatile family room or library, enhancing the home's utility and layout.
Cons
Requires Renovation/Updates: Described as 'mostly original,' indicating a need for significant updates and modernization to fully realize its potential as a 'mid-century masterpiece.'
Dated Bathroom Finishes: Bathrooms retain original 4"x 4" tiles, suggesting they are outdated and will likely require renovation to meet contemporary aesthetic and functional standards.
Leased Solar System: The solar panels are leased, which may involve ongoing monthly payments and lease transfer considerations for a new owner, potentially complicating financing or ownership.