633 N Plaza Amigo, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$689,000$1,305/sqft
633 N Plaza Amigo, Palm Springs, California 92262
3Beds
2Baths
1,305Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in the serene and iconic Movie Colony neighborhood, this property offers a highly desirable, nearly downtown Palm Springs location.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compared to the nearby listings
Price:$689.0K vs avg $900.0K ($-211,000)22%
Size:1,305 sqft vs avg 2,014 sqft10%
Price/sqft:$528 vs avg $48058%
More Insights
Built in 1958 (68 years old).
Condition: The property is explicitly described as being 'in shell - down to the studs' and 'unfinished as is condition,' making it unlivable. The images confirm a gutted interior with no functional kitchen, bathrooms, appliances, flooring, or systems. While the exterior structure remains, the interior requires a complete rebuild, aligning with the 'tear-down' criteria where the value is based on the land and potential for redevelopment.
Year Built
1958
Close
-
List price
$689K
Original List price
$689K
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
219141448DA
Home ConditionTear down
Features
Excellent View: Mountain(s)
Pool
ViewMountain(s)
About this home
Priced for an immediate sale! Home is currently being offered unfinished 'as is' (currently in shell - down to the studs) condition. This nearly downtown Palm Springs property is primed for transformation into a stunning desert retreat, situated on a spacious lot tucked away in the serene and iconic Movie Colony neighborhood.Preliminary architectural plans are available for purchase featuring a thoughtfully designed 3 bedroom, 3.5 bathroom layout that embraces indoor-outdoor living and modern Palm Springs style. The open-concept floor plan highlights seamless flow between the living areas, kitchen, and backyard--perfect for entertaining or relaxing poolside.Call us today for more info!
F
Ferretti Real Estate Group
Listing Agent
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•0.9mi
6/10
Palm Springs High School
Public,•9-12•1.2mi
4/10
Desert Learning Academy
Public,•K-12•1.3mi
Price History
Date
Event
Price
08/15/24
Sold
$550,000
Condition Rating
Tear down
The property is explicitly described as being 'in shell - down to the studs' and 'unfinished as is condition,' making it unlivable. The images confirm a gutted interior with no functional kitchen, bathrooms, appliances, flooring, or systems. While the exterior structure remains, the interior requires a complete rebuild, aligning with the 'tear-down' criteria where the value is based on the land and potential for redevelopment.
Pros & Cons
Pros
Prime Location: Situated in the serene and iconic Movie Colony neighborhood, this property offers a highly desirable, nearly downtown Palm Springs location.
Significant Development Potential: Offered 'down to the studs,' the property is a blank canvas, primed for transformation into a stunning desert retreat with preliminary architectural plans available for a modern 3 bed, 3.5 bath layout.
Spacious Lot: The property sits on a generous 6,098 sqft lot, providing ample space for outdoor living, landscaping, and potential poolside amenities as envisioned in the architectural plans.
Mountain Views: The property benefits from desirable mountain views, enhancing its aesthetic appeal and contributing to the quintessential Palm Springs experience.
Value-Add Investment Opportunity: Priced for an immediate sale in its current 'as is' condition, this presents a compelling opportunity for investors or buyers looking to customize and create significant equity through renovation.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Extensive Renovation Required: The property is currently in a shell state, 'down to the studs,' requiring a complete and substantial renovation, which will involve significant time, effort, and financial investment.
Not Immediately Habitable: Due to its unfinished 'as is' condition, the property is not livable and will require all construction to be completed before it can be occupied.
Significant Additional Costs: Buyers must be prepared for substantial costs beyond the purchase price, including construction, materials, permits, and labor to complete the envisioned desert retreat.