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494 N Monterey Road, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath

494 N Monterey Road, Palm Springs, California 92262 home-pic-0
ACTIVE$875,000
494 N Monterey Road, Palm Springs, California 92262
4Beds
3Baths
1,647Sqft
10,019Lot

Price Vs. Estimate

The estimated value ($839,280.845) is $35,719.155 (4%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Corner Lot: Situated in the desirable Sunrise Park neighborhood on a spacious corner lot, offering enhanced privacy and curb appeal.
Top Cons:
As-Is Condition & No Repairs: Sold strictly 'as-is' with no repairs or cash credits, placing the burden of any necessary renovations or fixes entirely on the buyer.

Compared to the nearby listings

Price:$875.0K vs avg $925.0K ($-50,000)45%
Size:1,647 sqft vs avg 2,096 sqft32%
Price/sqft:$531 vs avg $49157%

More Insights

Built in 1965 (60 years old).
Condition: The property, built in 1965, shows a mix of conditions. While the exterior is well-maintained with a newly remodeled pool and one bathroom features modern updates (vanity, fixtures, lighting), the kitchen is significantly dated with older cabinets, countertops, backsplash, and appliances. Another bathroom also appears outdated. The flooring is a mix of large format tile and wood-look tile, which is a positive, but the overall impression is that the home has not undergone a full, cohesive renovation in the last 15-30 years. It is functional and has 'great bones' as described, but key areas like the kitchen and at least one bathroom require substantial updates to meet current standards, aligning with the 'fair' condition criteria.
Year Built
1965
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
25593283
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Welcome to 494 N. Monterey Rd., a hidden gem situated on a spacious corner lot in the desirable Sunrise Park neighborhood. This 4-bedroom, 2.5-bathroomhome offers 1,647 square feet of living space on an expansive lot, or providing endless possibilities for homeowners looking to create their dream space. The property features a large garage and ample parking, perfect for multiple vehicles or storage needs. The spacious backyard has a newly remodeled 12 ft deep pool and hot tub. Move in or design your ideal outdoor retreat. Whether planning to move right in or seeking an income-generating rental property, this home offers excellent potential. This is a trust sale offered in as-is condition, but no court confirmation is required making the buying process straightforward. Bring highest and best, "as is" offers, with verification of funds and short or no contingencies. No repairs or cash credits. Broker/Agent does not guarantee the accuracy of square footage, lot size, zoning, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information. Some photos are digitally staged. Don't miss this opportunity to invest in a corner lot property with great bones, a prime location, and fantastic upside potential. Schedule your viewing today!

Condition Rating
Fair
The property, built in 1965, shows a mix of conditions. While the exterior is well-maintained with a newly remodeled pool and one bathroom features modern updates (vanity, fixtures, lighting), the kitchen is significantly dated with older cabinets, countertops, backsplash, and appliances. Another bathroom also appears outdated. The flooring is a mix of large format tile and wood-look tile, which is a positive, but the overall impression is that the home has not undergone a full, cohesive renovation in the last 15-30 years. It is functional and has 'great bones' as described, but key areas like the kitchen and at least one bathroom require substantial updates to meet current standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Prime Location & Corner Lot: Situated in the desirable Sunrise Park neighborhood on a spacious corner lot, offering enhanced privacy and curb appeal.
Newly Remodeled Pool & Hot Tub: Features a recently updated 12 ft deep pool and hot tub, a significant amenity for the Palm Springs climate and lifestyle.
High Investment Potential: Described as having 'great bones' and 'fantastic upside potential,' suitable for homeowners or as an income-generating rental property.
Streamlined Trust Sale: A trust sale requiring no court confirmation, simplifying and expediting the buying process for interested parties.
Expansive Lot & Parking: Offers an expansive 10,019 sqft lot with a large garage and ample parking, providing flexibility for expansion or storage.

Cons

As-Is Condition & No Repairs: Sold strictly 'as-is' with no repairs or cash credits, placing the burden of any necessary renovations or fixes entirely on the buyer.
Digitally Staged Photos: Some listing photos are digitally staged, which may create potentially misleading expectations regarding the property's current interior condition.
Buyer Due Diligence & Contingency Pressure: The listing emphasizes buyer verification of all information and requests 'short or no contingencies,' increasing buyer risk and responsibility.

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