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

494 N Monterey Road

Palm Springs, California 92262

ACTIVE
CONDITION: FAIR
4Beds
3Baths
1,647Sq Ft
10,019Lot Size

Property Price

LIST PRICE$875,000
EST. MARKET VALUE
$788,198
11% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$788,198
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
494 N Monterey Road
Subject
$875,000*
List Price
431,647$479-
A
562 N Saturmino Drive
Sold
$1,025,000432,077$4940.4 mi
B
385 N Juanita Drive
Sold
$1,000,000321,928$5190.2 mi
C
445 N Farrell
Active
$777,777
List Price
421,457$5340.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1965, this property is a classic mid-century home that has been partially updated but retains many dated elements. While the pool and spa are newly remodeled and one bathroom features a modern double vanity, the kitchen is outdated with older white cabinetry and tile countertops. The 'as-is' trust sale condition and original architectural features like the stone fireplace suggest that while the home is functional and well-maintained, it requires significant cosmetic modernization and likely system updates to meet contemporary standards.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 10019, living area = 1647.

  • Prime Location

    Situated in the highly desirable Sunrise Park neighborhood, this property offers central access to the best of Palm Springs living.

  • Remodeled Pool & Spa

    The backyard features a newly remodeled 12-foot deep pool and hot tub, providing a high-value outdoor amenity ready for immediate use.

CONSRISKS & DEFICIENCIES

  • As-Is Condition

    The property is sold strictly as-is with no repairs or credits, requiring the buyer to assume all costs for necessary modernizations or repairs.

  • Strict Sale Terms

    The requirement for short or no contingencies and immediate verification of funds may limit the buyer pool to cash-heavy or non-traditional investors.

  • Dated Infrastructure

    Built in 1965, the home likely requires updates to its core systems and interior finishes to meet modern luxury standards.

About 494 N Monterey Road

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!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1965
Lot Size
10,019 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
70%
Baths3.03.0
50%
Square foot1,6471,964
32%
Lot Size10,0199,583
58%
Price$875.0K$895.0K
47%
Price per sq ft$531$478
61%
Built year19651989
29%
HOA$0$0
50%
Days on market172179
47%

Pricing History

Listed for Sale

Sep 16, 2025

$875,000

Initial Listing

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