505 505 S Farrell, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
ACTIVE$289,900
505 505 S Farrell, Palm Springs, California 92264
1Bed
1Bath
797Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Centrally located in the heart of Palm Springs, just a 5-minute drive from downtown, offering convenient access to amenities, trails, and local attractions.
Top Cons:
Property Age: Built in 1985, the property is nearly 40 years old, which may imply potential for older systems or components that could require future maintenance or upgrades.
Compared to the nearby listings
Price:$289.9K vs avg $439.4K ($-149,550)11%
Size:797 sqft vs avg 1,307 sqft11%
Price/sqft:$364 vs avg $34061%
More Insights
Built in 1985 (40 years old).
Condition: Built in 1985, this property is well-maintained and features updated white marble-colored tile flooring throughout. However, the kitchen appliances are older white models, and the bathroom's small square tiles, while clean, reflect a dated style. The mirrored wall in the living area is also a clear indicator of its age. While functional and move-in ready, the kitchen and bathroom would benefit from cosmetic updates to align with current trends, placing it squarely in the 'Fair' category.
Year Built
1985
Close
-
List price
$290K
Original List price
$315K
Price/Sqft
$364
HOA
$507
Days on market
-
Sold On
-
MLS number
IG25227606
Home ConditionFair
Features
Good View: Landmark
Patio
ViewLandmark
About this home
Wonderful first floor corner unit in the popular Mesquite Country Club! Lots of light coming in with 2 patios available to enjoy, open floor plan. This place has two closets and lots of built in cabinets for extra storage. One of the patios is private with vine growing on the fence near the pool, the other patio has a view of the Prescott Preserve! Private laundry room is located by the private patio with keys. The floors are beautiful white marble colored tile and kitchen cabinets are white with lots of storage area. The place is spacious and it feels bigger than most one bedroom units. The location is perfect, in the heart of Palm Springs with tennis courts, trails and more. HOA covers water, trash, cable and internet. It is a 5 minute drive from downtown area, and close to everything including biking trails and more.
Condition Rating
Fair
Built in 1985, this property is well-maintained and features updated white marble-colored tile flooring throughout. However, the kitchen appliances are older white models, and the bathroom's small square tiles, while clean, reflect a dated style. The mirrored wall in the living area is also a clear indicator of its age. While functional and move-in ready, the kitchen and bathroom would benefit from cosmetic updates to align with current trends, placing it squarely in the 'Fair' category.
Pros & Cons
Pros
Exceptional Location: Centrally located in the heart of Palm Springs, just a 5-minute drive from downtown, offering convenient access to amenities, trails, and local attractions.
Desirable Unit Features: A first-floor corner unit with abundant natural light, an open floor plan, and ample storage including two closets and built-in cabinets, plus a private laundry room.
Outdoor Living & Views: Features two private patios, one offering a serene setting near the pool and the other providing a view of the Prescott Preserve, enhancing outdoor enjoyment.
Comprehensive HOA Benefits: The HOA covers essential utilities such as water, trash, cable, and internet, significantly reducing monthly living expenses for residents.
Community Amenities: Part of the popular Mesquite Country Club, providing residents with access to desirable amenities including tennis courts and trails.
Cons
Property Age: Built in 1985, the property is nearly 40 years old, which may imply potential for older systems or components that could require future maintenance or upgrades.
Lack of Explicit Cooling System: The description does not mention a cooling system, which is a critical amenity for comfort in Palm Springs' hot climate and could be a significant drawback for potential buyers.
Price Reduction Trend: The property has undergone multiple price reductions since its initial listing, potentially indicating slower market interest or an initial overvaluation, which might affect buyer perception or future appreciation.