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515 N Calle Marcus, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath

515 N Calle Marcus, Palm Springs, California 92262 home-pic-0
ACTIVE$845,000
515 N Calle Marcus, Palm Springs, California 92262
4Beds
2Baths
1,542Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($836,277.905) is $8,722.095 (1%) lower than the list price ($845,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Neighborhood: Nestled in the popular Movie Colony East neighborhood, this home offers desirable proximity to downtown Palm Springs and embodies a classic residential experience.
Top Cons:
Property Age & Potential Infrastructure: Built in 1955, while maintaining its charm, the age of the property may imply potential for older underlying infrastructure (e.g., plumbing, electrical, HVAC beyond explicitly updated areas) that could require future maintenance or upgrades.

Compared to the nearby listings

Price:$845.0K vs avg $925.0K ($-80,000)40%
Size:1,542 sqft vs avg 2,096 sqft24%
Price/sqft:$548 vs avg $49161%

More Insights

Built in 1955 (70 years old).
Condition: This 1955 mid-century home has undergone significant and tasteful renovations, particularly in the kitchen and bathrooms, which appear modern and well-maintained with updated cabinets, countertops, backsplashes, and fixtures. The property features modern tile and laminate flooring throughout, updated light fixtures, and owned solar panels, indicating recent investments in major systems. The exterior is well-kept with a sparkling pool and inviting patio areas. While not newly built, the extensive updates and overall condition make it move-in ready with minimal wear and tear, aligning with the 'Good' category's criteria for a property extensively renovated within the last 5-15 years.
Year Built
1955
Close
-
List price
$845K
Original List price
$845K
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
219128861DA
Home ConditionGood
Features
Good View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool

About this home

Experience the allure of Palm Springs in this charming MID-CENTURY BUNGALOW-STYLE home with owned SOLAR, nestled in the popular Movie Colony East neighborhood. Currently a successful vacation rental, this classic PS residence offers versatile living options just moments from downtown. Gated for privacy, it features an enclosed front yard perfect for pets, ideal for full-time residency, weekend getaways, or seasonal escapes. Enjoy leisurely days by the sparkling pool, perfectly positioned for maximum sun exposure and beautiful westerly mountain views. A pergola and cabana-style patio overhang create inviting spaces for relaxation. This 4-bedroom/2-bath home lives large with an updated open kitchen, breakfast bar, expansive dining/family room, and cozy living room with fireplace and French doors opening to the patio/pool area.The primary bedroom offers direct access to the pool/patio and to an updated bath. Three additional bedrooms and the two shared updated baths easily accommodate guests, with one bath and bedroom each opening directly to the patio. Additional highlights include a one-car attached garage, separate laundry room, and tile & laminate flooring throughout. Furnishings available per inventory. This is THE essence of relaxed Palm Springs living. No HOA fees!

Condition Rating
Good
This 1955 mid-century home has undergone significant and tasteful renovations, particularly in the kitchen and bathrooms, which appear modern and well-maintained with updated cabinets, countertops, backsplashes, and fixtures. The property features modern tile and laminate flooring throughout, updated light fixtures, and owned solar panels, indicating recent investments in major systems. The exterior is well-kept with a sparkling pool and inviting patio areas. While not newly built, the extensive updates and overall condition make it move-in ready with minimal wear and tear, aligning with the 'Good' category's criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Prime Location & Neighborhood: Nestled in the popular Movie Colony East neighborhood, this home offers desirable proximity to downtown Palm Springs and embodies a classic residential experience.
Strong Income Potential & Versatility: Currently operating as a successful vacation rental, the property provides flexible living options for full-time residency, weekend retreats, or continued rental income generation.
Exceptional Outdoor Living: Features a sparkling pool perfectly positioned for maximum sun exposure, beautiful westerly mountain views, and inviting pergola/cabana-style patio overhangs, ideal for the Palm Springs lifestyle.
Modernized & Eco-Friendly Features: Equipped with owned solar panels, an updated open kitchen, and updated bathrooms, enhancing energy efficiency, comfort, and contemporary appeal.
Desirable Mid-Century Charm: Retains its charming Mid-Century Bungalow-style architecture, a highly sought-after aesthetic that adds significant character and market value in Palm Springs.

Cons

Property Age & Potential Infrastructure: Built in 1955, while maintaining its charm, the age of the property may imply potential for older underlying infrastructure (e.g., plumbing, electrical, HVAC beyond explicitly updated areas) that could require future maintenance or upgrades.
Compact Living Space for Bedroom Count: With 1542 sqft distributed among 4 bedrooms, the individual room sizes or overall common living areas might feel somewhat constrained for buyers seeking more expansive personal space.
Limited Garage Space: The property includes only a one-car attached garage, which may be insufficient for households with multiple vehicles or those requiring substantial storage capacity.

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