515 N Calle Marcus, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
515 N Calle Marcus
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 515 N Calle Marcus, Palm Springs, California 92262 reveals a property with a current list price of $799,000, which is 7% above the estimated $736,019 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 N Calle Marcus Subject | $799,000* List Price | 4 | 2 | 1,542 | $477 | - |
A 1365 E Tachevah Drive Sold | $917,500 | 3 | 2 | 1,390 | $660 | 0.5 mi |
B 777 N Calle Rolph Active | $929,000 List Price | 3 | 2 | 1,408 | $660 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1955 mid-century home has undergone significant and recent renovations, particularly in the kitchen and bathrooms, which feature modern cabinets, countertops, stainless steel appliances, and updated fixtures. The flooring (tile and laminate) and light fixtures are also modern and in excellent condition. While the property's original build year is old, the extensive updates, including owned solar, make it move-in ready with no immediate renovations required. However, without explicit confirmation of recent updates to all major core systems (like HVAC, plumbing, and electrical) beyond the visible components, it falls into the 'Good' category rather than 'Excellent' for a home of this age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Mid-Century Charm
This charming Mid-Century home is situated in the popular Movie Colony East, offering easy access to downtown Palm Springs and embodying the area's desirable character.
- Exceptional Outdoor Living & Views
The property boasts a sparkling pool perfectly positioned for maximum sun exposure, beautiful westerly mountain views, and inviting outdoor spaces with a pergola and cabana-style patio overhang.
- Energy Efficiency & Cost Savings
Featuring owned solar panels and no HOA fees, this home offers significant long-term cost savings. Additionally, the sellers' low-interest loan is potentially assumable.
CONSRISKS & DEFICIENCIES
- Age of Core Systems & Potential HVAC Concerns
Built in 1955, while some areas are updated, the description does not specify updates to major systems like HVAC (a critical consideration in Palm Springs), plumbing, or electrical, which could lead to future maintenance or replacement costs.
- Compact Interior Footprint
With 1542 sqft for 4 bedrooms and 2 baths, the interior living space may feel somewhat compact for some buyers, particularly those seeking more expansive room sizes or a larger family home.
- Limited Garage Space
The property includes only a one-car attached garage, which may be insufficient for buyers with multiple vehicles, requiring additional storage, or desiring a larger workshop area.
About 515 N Calle Marcus
Make everyday a get-away in this charming MID-CENTURY Palm Springs home with popular Movie Colony East character and easy access to downtown. 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. Ideal for full-time residency, weekend getaways, or seasonal escapes, the property has owned SOLAR and is very private with an enclosed front yard perfect for pets and family fun. There are also fruit trees and space for gardening enthusiasts. 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 & 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 guest bath easily accommodate guests, with guest bath and 4th bedroom each opening directly to the pool/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 in this neighborhood. Sellers' low-interest loan is potentially eligible for assumption.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,542 | 1,964 | 25% |
| Lot Size | 6,534 | 9,583 | 25% |
| Price | $799.0K | $895.0K | 40% |
| Price per sq ft | $518 | $478 | 59% |
| Built year | 1955 | 1989 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 136 | 179 | 27% |
Pricing History
Listed for Sale
Oct 22, 2025
$799,000
Initial Listing